Manhattan Beach Real Estate Home Prices & Sales Increase In March

Home prices across California have jumped 8.3% in March compared to February and 24.7% compared to a year earlier, according to figures released by the real estate firm, DataQuick on Thursday.

It was estimated that 37,764 homes were sold which was 31.5% more than the previous month.

Very low inventory has led to sharp price increases, as buyers are taking advantage of historically low interest rates. Cash investors are also purchasing properties in high numbers to rent or resell.

Southern California saw significant price gains in the month of March.

Please see the full article posted at LA Times on April 18th here:,0,4080452.story

Now is a great time for buyers to begin their search for their new home. It is also a great time for sellers to list their home! If you are looking to sell, buy, or lease your home in Manhattan Beach, please contact Manhattan Beach Real Estate Broker, Mitch Hagerman at (310) 963-4358 and visit our website for Manhattan Beach Real Estate listings.

posted: April 23, 2013 - Manhattan Beach Real Estate - Blog
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