Editor's Note: South Bay, CA, area real estate expert Cindy Shearin weighs in on her expectations for the real estate market for 2021 in the Southern California area.
Photo Credit: Linda Cotter
Haute Residence: What is your take on what to expect for the Manhattan Beach area real estate in 2021?
Cindy Shearin: The Shearin Group has proudly served the South Bay for more than 30 years. We are grateful to represent such a fantastic community year after year. The beauty of the beach cities and the proximity to LAX Airport, downtown Los Angeles and the city's conveniences keep our marketplace healthy.
With the new year upon us, we expect a continuing robust market in the South Bay. Luckily, real estate has been hot for both the buyer and the seller during the 2020 pandemic. This has been primarily due to our area's desirability in which to live, low inventory, and minimal new construction. The low amount of new construction is merely due to the lack of buildable lots throughout the beach cities. We continue to see multiple offers and cash offers for homes and the few buildable lots that come to market. Buyers are moving around throughout the coastal communities, from other cities in the greater Los Angeles area, and some movement from buyers from other cities and states that desire to be in our immediate area.
Photo Credit: Linda Cotter
Currently, The Shearin Group is building one of a few spec homes coming to market in Manhattan Beach in late 2021. We continue to remain in the top tier of real estate groups with a pulse on the market and the "coming soon" inventory.
We are grateful for our thriving community. Thank you, South Bay clients and friends, for the opportunity to serve you. We'd like to wish everyone a happy, healthy, and prosperous 2021.
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
