Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Cindy Shearin On Manhattan Beach And Hermosa Beach Real Estate Performance In 2020

Cindy Shearin

Share this Post!

Editor's Note: Cindy Shearin of The Shearin Group talks about the Manhattan Beach and Hermosa Beach, California, real estate markets performance in 2020 in this Q&A with Haute Residence.

Cindy Shearin nov 2020 blog 3Photo Credit: Linda Cotter

Haute Residence: How did the real estate market look at the beginning of 2020?

Cindy Shearin: The real estate market in the South Bay typically fluctuates very little. Pre-pandemic, we had low inventory, market prices were steady, and the US economy looked very promising.  There was a temporary pause in the market for about 60 days starting in late February.  This pause was simply due to the unknown with COVID-19. Though very brief, movement in the marketplace picked back up quickly in mid-April.

Cindy Shearin nov 2020 blog 1Photo Credit: Linda Cotter

HR: What, if any, changes did the pandemic have on prices? On inventory?

CS: The pandemic has had little-to-no effect on the South Bay market, especially in Manhattan Beach. We continue to have low inventory, plus there are fewer spec or custom homes being constructed due to the short supply of lots in which to build on. In fact, the Shearin Group has one of the few spec homes under construction right now in Manhattan Beach, but we’ll share more on that with Haute Residence when we get closer to completion.  

Interestingly, our numbers are up on properties sold, and even price points are up despite COVID-19. The South Bay is one of the premier areas to live in LA, and we see many Angelinos buying second homes as beach houses during this time. Buyers are looking for a place to retreat to for a lengthy amount of time but still work remotely from their own home. An excellent solution for this is reflected in an oceanfront property we represent in Hermosa Beach property called the Beach House, LA’s only condotel along the coast in So Cal. The Beach House has been very hot lately as a second home location being a great income property when not in use. Other benefits of owning at the Beach House are being right on The Strand, steps to the sand, daily housekeeping service when wanted, turn-key, and walkable to everything this great beach town has to offer.

Cindy ShearinPhoto Credit: Linda Cotter

HR: Professionally, what have you learned in 2020 about yourself?

CS: It has undoubtedly been a unique year of self-discovery for us all.  We quickly learned how to maintain our top efficiency by working remotely.  We also had to adapt to safety changes in real estate by developing new methods for working with clients in person and online and just being flexible to each individual's comfort level. 

I feel fortunate with how easily we all adjusted and maintained healthy attitudes as well as healthy bodies.  We have great hope for the new year, and we'd like to wish everyone a healthy, happy 2021.

Click "Learn More" above to contact Cindy Shearin.

Related post