Inventory was at its highest level since June 2009, and for the fifth month in a row, reports revealed a constant increase. Pending sales of single family detached homes, projecting the second biggest sale of the year, showed unwavering strength. Seventy percent of Pleasanton’s inventory in July, which consisted of homes priced below $1 million, was what accounted for the increase in both inventory and pending sales.

In general, there was an increase of four units (1.8 %) of single family detached homes on the market, towards the end of the month in July with 224, as compared to that of June’s with 220. There was an eight percent, or five units increase in unsettled sales from 62 in June to 67 in July. Relative to pending sales, which increased in July, inventory decreased despite the rising of absolute inventory levels in the same month. At the end of the month, 3.3 months of it were available, as compared to 3.5 months in June.

An inventory increase of six percent in the homes priced under $1 million, with 157 homes in July from 148 in June was posted. Sales that were pending increased at 11% rate to 52 in July from 47 in June. Inventory compared to unsettled sales in this price range was at 3.0 months in July, which barely changed from being at 3.1 in June. This price range was accountable for both of 70% inventory and 78% of sales pending of Pleasanton Market’s in July.

For homes within the 1 million and $2 million price range, a dipping of the inventory was monitored. At the end of July, there were 47 of those homes available on the market as compared to having 52 at the end of June. It was a matter of 10% decrease, or 5 units. Sales that were pending slightly increased to 15 units in July from 14 in June. Inventory relative to pending sales was down at 3.1 months in July from 3.7 in June. This segment was what comprised 21% inventory and 22% sales in pending in the month of July.

Not much volatility of the market was accounted in homes that cost more than $2 million. Twenty units of these homes were available in the market at the end of July, which was the same for the month of June. In terms of sales pending, there was none for the month while there was one in June.

Inventory carried on with its upward movement but sales increased more, thus lowering the relative inventory level in Pleasanton. With the number of sales in pending at the current level, the market is generally in good shape.

Manhattan Beach real estate can easily be described as a neighborhood of homes made for paradise and prestige. The general scenery of the Manhattan Beach area is very much like the scenery in the hit television show “The O.C.” which coincidentally was filmed there.

Manhattan is one of the most expensive coastal towns in America. To live there is almost twice as costly as living in areas such as Bel-Air. The cost of the average Manhattan Beach real estate falls in between $900,000 and $6,000,000. To rent a property is even more costly at $3,000 to $10,000 a month. The area is definitely an upper class expensive area with the average household grossing about $100,750 per year.

The population of Manhattan is roughly 37,745 and consists of 92% white Americans. The other eight percent of the population is divided between African Americans and Asian Americans. The male to female ratio is just about even and the median age of residents is 37.7 years old.

Manhattan Beach is divided into several different sections as per the assignment of the long-term residents.

The area known as “The Strand” consists of a long stretch of land along a bike patch that has multi-million dollar ocean front homes lines up along it.

The “Tree Section” is a quiet family oriented section with lots of space in between the homes and room for children to play. The Tree Section was named the tree section because of the names of the streets in the area. Most streets in this section of Manhattan Beach are named after trees such as Elm, Oak, Pine, Palm, and Poinsettia streets. The tree section also has many trees throughout the lands but ironically this was not the reason why it was named the tree section.

The area west of the tree section is known as “The Sand Section” and is basically where all the sand is. Manhattan Beach real estate in this area are adjacent to the ocean. The Sand Section got its name from the sands of the oceans.

The Hill Section was very appropriately named as it consists of a group of higher priced homes which are situated on steep hills overlooking the ocean.

There are many more sections within Manhattan Beach real estate, but those are the four most prominent. No matter what section is chosen to live in, residents are sure to feel like celebrities on a fantasy vacation.

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