Editor's note: Real estate expert Cindy Shearin of The Shearin Group talks about Manhattan Beach, California real estate during the 1st quarter of 2021 in this Q&A with Haute Residence.
Manhattan Beach, California
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Haute Residence: To gain perspective on the second quarter of 2021, how did Q2 in 2020 real estate perform in the Manhattan Beach market?
Cindy Shearin: The last half of the year continued to be strong and gained more strength. With people becoming more comfortable being out and about, acquiring the vaccine for so many, along with folks having more clarity on work-life, school-life, and seeing a way forward are all reasons we see so much movement in the market. Also, interest rates are still meager, which buyers naturally find motivating.
HR: Is it still a seller's market? If yes, for how much longer?
CS: Yes, it is still a seller's market, and we don't see it changing anytime soon. This, coupled with low-interest rates, is what is driving up prices in our area. In a seller's market, it is even more important to have a great realtor representing you. In a competitive market, as we have, one needs a realtor that knows how to correctly position, prepare, demand, and price your home to sell. Properly handling multiple offers is crucial to obtain the best outcome.
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HR: The migration from the big metropolitan city that is Los Angeles to smaller communities took many people out of the city. Are they adapting to the beach life, or is the beach area planning a more "cosmopolitan" lifestyle?
CS: Manhattan Beach is already an upscale beach city that draws a chic crowd. The city has drawn great chefs to the restaurants, and great boutiques for shopping. The movement in the last dozen years from people moving in from the westside adds to the casual-chic environment's growth. Likewise, we've gained national attention as one of the most desirable places to live in the country. We are LA's greatest city by the sea!
For more information, please contact Cindy Shearin at 310-200-8318 or cindy@theshearingroup.com
Cindy Shearin is the exclusive agent representing the Manhattan Beach/Redondo Beach, California real estate market as a member of the Haute Residence Real Estate Network. View all of her listings here
