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Manhattan Beach real estate can easily be described as a neighborhood of homes made for paradise and prestige. The general scenery of the Manhattan Beach area is very much like the scenery in the hit television show “The O.C.” which coincidentally was filmed there.Manhattan Beach is divided into several different sections as per the assignment of the long-term residents.The area known as “The Strand” consists of a long stretch of land along a bike patch that has multi-million dollar ocean front homes lines up along it.
The “Tree Section” is a quiet family oriented section with lots of space in between the homes and room for children to play. The Tree Section was named the tree section because of the names of the streets in the area. Most streets in this section of Manhattan Beach are named after trees such as Elm, Oak, Pine, Palm, and Poinsettia streets. The tree section also has many trees throughout the lands but ironically this was not the reason why it was named the tree section.
The area west of the tree section is known as “The Sand Section” and is basically where all the sand is. Manhattan Beach real estate in this area are adjacent to the ocean. The Sand Section got its name from the sands of the oceans.The Hill Section was very appropriately named as it consists of a group of higher priced homes which are situated on steep hills overlooking the ocean.There are many more sections within Manhattan Beach real estate, but those are the four most prominent. No matter what section is chosen to live in, residents are sure to feel like celebrities on a fantasy vacation.
A number of different factors will influence future Manhattan Beach real estate trends. The most significant factors to consider are: interest rates, property inventory, unemployment, job opportunities, and community development in the area. If you are trying to predict the market’s next move, it is important to understand how unpredictable real estate can be. With the Fed trying to balance the economy and the Treasury Department trying to fight inflation, governmental decisions can influence the market up or down depending on the needs of the nation.
Manhattan Beach real estate sales have raised steadily for the last five months. As the median price increases, the inventory has gained ground, as sellers have grown more confident with the price advance trend. Review median price and inventory trends to influence your purchasing power and make a wise investment.Manhattan Beach Real Estate is highly desirable for not only its luxury housing, but also the overall quality of the community. The beaches are clean and considered to be amongst the most beautiful around the globe. A primary attraction for this city is its wide stretch of beach and brilliant pier at the foot of Manhattan Beach Boulevard.
The median price of Manhattan Beach real estate surpasses the already elevated Los Angeles median home price by more than 100%, at $1.65 million. Home’s which have a view of the beach can go above and beyond $5 million, with homes that line the beachfront with an even higher price tag. The overall atmosphere and geographic location are the main reasons that Manhattan Beach real estate is as desirable as it is.Are you currently wondering what prime piece of Manhattan Beach real estate you could potentially purchase with $2 million? Well, it will not be the most elaborate house on the block, however for $2 million, you can expect to be capable of finding a two to three bedroom, two bathroom home and in the vicinity of 2300 square feet. A house in this cost bracket would be close to the beach, perhaps even with beach visibility, and it would likely need a bit of upgrading. Of course, there’s always the possible opportunity to score a great deal, so keeping your eyes watchful of the latest listings can help you to land you the home of your dreams.
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