More families opt to rent

Beach Cities see an influx of Renters

With high price tags, especially in beach towns like Manhattan Beach, Hermosa Beach and South Redondo, more and more people are choosing to rent. It’s no surprise then that we have seen a growing community of renters in the last few years. Especially in the past two years, a significant number are opting to live in these beautiful beachy cities.

We aren’t simply talking about singles or young couples, but families too. Our data shows that from January 1, 2016 through December 8, 2016 (the day this post was published), 191 homes were successfully leased. We can assume the majority of these leases were for families, as our search criteria was limited to single family residences with at least 3 bedrooms and 2 bathrooms. That number is 31% more than the amount of properties leased in 2012, during the same timeframe with the same criteria! Check out the table at the end of the post with all of the data findings.*

With more families considering renting, here are two top-notch family friendly homes in great locations of the Beach Cities and one that is coming soon!

Active
1000 S Juanita Av, Redondo Beach 90277

Alleged weekend love nest of Bugsy Siegel | Restored vintage Spanish design | Corner Lot |  Listed for $5,500 | Three-car garage, 4 bedrooms, 3 bathrooms and 2,496 sf of living space.

 

Active
120 33rd St, Hermosa Beach 90254

Custom Sand Section home with Ocean views | Welcoming and romantic at an unbeatable location | Listed for $16,000 | 5 bedrooms, 5 bathrooms and 3,850 sf of living space

 

Coming Soon
Mira Costa Section Family Home

Ideal for entertaining with a beautifully landscaped backyard and Guest House | Spanish style with Marble floors throughout | 4 bedrooms, 3 bathrooms and 3,284 sf of living space

 

*Data Conditions: SFR, 3+ bedrooms, 2+ bathrooms. Timeframe 1/1/given year-12/8/given year.

2016 Manhattan Beach Hermosa Beach South Redondo Beach
No. of Closed Leases 117 36 38
Min $ 3,900 3,950 3,200
Max $ 30,000 26,000 15,000
Average $ 8,886 8,625 5,067
Total: 191
2015 Manhattan Beach Hermosa Beach South Redondo Beach
No. of Closed Leases 91 26 38
Min $ 3,550 3,900 3,000
Max $ 25,000 21,000 7,800
Average $ 8,321 8,057 4,862
Total: 155
2014 Manhattan Beach Hermosa Beach South Redondo Beach
No. of Closed Leases 75 23 38
Min $ 3,500 3,600 2,780
Max $ 39,000 24,500 7,995
Average $ 8,340 7,860 4,489
Total: 136
2013 Manhattan Beach Hermosa Beach South Redondo Beach
No. of Closed Leases 70 28 44
Min $ 3,550 2,600 1,995
Max $ 15,500 12,000 7,950
Average $ 7,431 6,036 4,415
Total: 142
2012 Manhattan Beach Hermosa Beach South Redondo Beach
No. of Closed Leases 68 23 41
Min $ 3,500 900 250
Max $ 15,000 20,000 8,950
Average $ 7,138 7,337 4,211
Total: 132

Based on information from CRMLS and/or CARETS as of September 30, 2016 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by CRMLS and/or CARETS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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