Cash Buyers on the Move

We are definitely seeing this effect in the South Bay.

Cash Buyers Boost Battered Housing Markets - WSJ.com

Those who stored cash are purchasing real estate in the highest price ranges, but also at more moderate levels - - sometimes as investments.  Many of the Strand and Hill Section (Manhattan Beach) sales have been all cash in recent months, and those aren't on sale! - David

The pearl of Manhattan Beach's Strand - latimes.com

Gotta admit, this one's pretty cool: The pearl of Manhattan Beach's Strand - latimes.com

For photos of this home at 1600 The Strand, click here.  As of this posting, the home's been on the market 62 days. More info? - David

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