4 Stories
by Mark McDermott Manhattan Beach home sales sharply declined in 2023, dropping from 322 sales in 2022 to 253 last year, while median sale price also dropped from $3.1 to $2.8 million. The decrease in sales, based on sales data reported to the Multiple Listing Service database, continues a precipitous two-year drop from 518 sales […]
by Mark McDermott The Bruce family last week announced its intention to sell the beachfront property that historically was Bruce’s Beach resort back to the County of Los Angeles for $20 million. The family will sell the land, located along the Strand at 26th and 27th streets in Manhattan Beach, instead of receiving $413,000 a […]
by Mark McDermott Neither calamity, drought, nor plague can stop it. Though we’ve not yet seen swarms of locusts to go along with the forests in flames, and the most devastating global pandemic in human history, data suggests that pretty much nothing can slow the Manhattan Beach real estate market. Last month, […]
Tuck on a roll Marshall Tuck waived a six-pound, 2,500 page California State codebook over his head in the manner of a seasoned politician bemoaning over-regulation for all that ails us. Then fanning the 2,500 pages, he said, “Government has replaced creativity with bureaucracy. It makes it almost impossible for people to do their jobs.” […]