Fortunately, 90266 has not been inundated with short sales and foreclosures to the extent that other areas in Los Angeles and Southern CA have. That, as well as the intrinsic values which are a function of excellent schools, quality of life, location and a strong base of equity owners have kept home prices somewhat stable. Like all higher priced communities, tighter lending standards have made ownership somewhat of a challenge.
Zillow, Redfin, Trulia, Realtor.com and others, the market is very efficient and you are not likely to receive an offer on your home for sale if it is in the MLS at over fair market value no matter how much attachment or sentimental value your home may have for you and your family (sorry).
Our advice is always to price your home slightly below fair market value. You are more likely to actually sell your home for a higher price and sell it quickly than if you start at too high a listing price and reduce the MLS asking price. The most interest and activity is usually the first few weeks a home is on the market. Once you reduce the MLS list price, potential home buyers think you will reduce it even further. Price it right the first time and don't chase the market or leave yourself vulnerable to a short sale or foreclosure which may hit the MLS in your neighborhood.
Here's another hint. Use a local agent who really knows the difference between the Hill Section and the Tree Section or how to price an ocean view property compared to one without any view. All the major Brokerages in the area are reliable and there are many qualified Manhattan Beach Real Estate Agents at Shorewood Realtors, South Bay Brokers, Re/MAX as well as some of the smaller realty shops. Make sure that whatever real estate agent you choose has a sound strategy and understands how to promote your listing on the internet. (Recent statistics indicate that over 90% of buyers primarily use the internet in their home search.) Almost all the homes listed in the MLS appear on the web sites displaying condos, townhomes and single family residences. That means the big splashy ad in The Beach Reporter or an open house isn't as likely to bring a buyer in than a well done video displayed on YouTube, a social media campaign using Twitter and Facebook, a clever syndication scheme or some other way to get your home for sale above the noise level of the 150 or so competing homes on the market and in the MLS. The name of the game is exposure and local knowledge. The Real Estate Agent you choose can make a difference of tens of thousands of dollars in your pocket. For more information on selling a house in Manhattan Beach and to save money on listing commissions, click here or call 310 975 5139.