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Population:36,000
Average Home Value:$1,662,763
Average Household Income:$147,485

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Archive for June 7th, 2009

Good Time To Buy Manhattan Beach Real Estate

Sunday, June 7th, 2009

Buy Manhattan Beach Real Estate With Mortgage rates at record lows, and an abundance of houses on the Manhattan Beach market, the time is right to buy a new Manhattan Beach real estate property.

In an effort to help jump start the flagging Manhattan Beach housing market, the federal reserve recently lowered interest rates, opening greater access to money for lenders. This normally makes it easier to qualify for mortgage loans for Manhattan Beach real estate. And this is certainly the case, however, you may also have been hearing that big-name lenders are folding up and tightening their loan requirements.

It’s true; the mortgage loan market is experiencing turbulence and lenders are acting nervous. But don’t let this scare you; the truth is that banks are still making money on loans, and the Manhattan Beach economy is more stable than the nightly news people want you to believe.

Buying a new house in the Manhattan Beach real estate market is making a lot of sense right now because prices are good and there are plenty of choices. Smart real estate investors will look to this kind of opportunity to get the right house at the right price.

If you are interested in learning more about our local Manhattan Beach real estate market, give me a call. I am currently showing homes in the Manhattan Beach area, and would love to show you some of the great deals we have out there.

-Sheri Kapust, REALTOR ®, 310 7207928

Find me at our real estate website at: www.sherisellsre.com

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Area Statistics*
Avg. people per household2.34
Median age37.70
Median age - men37.60
Median age - women37.80
# of businesses**1,376
Total # employed**13,103
 
White population30,019
Black population208
Hispanic population1,752
Asian population2,039
Hawaiian population41
Indian population69
Other population415
Male population16,998
Female population16,744
*Statistics taken from 2000 U.S. Census
**According to 2003 Census