It takes a village to sell a home in Manhattan Beach
“The number one demand among new Manhattan Beach home buyers is ‘walk to town,’” Northwest Realtor David Salzman told the roughly 200 attendees at the Manhattan Beach Chamber’s economic forum Friday morning at the Manhattan Beach Marriott.
“People don’t want to use their cars,” Salzman said. “Proximity to the beach is critical for some, but Manhattan’s village quality is what’s the most important to most people,” he said.
Salzman backed up his observation with a battery of census data.
Between 2000 and 2010 Manhattan’s population grew 4 percent, but the number of households declined 5 percent.
Household with earnings over $200,000 rose 64 percent, but employment dropped 10 percent.
Residents who work locally increased 54 percent. Residents who commute by car dropped 16 percent.
Joining Salzman on a panel representing local businesses were Bank of Manhattan vice president David Curry and Manhattan Village general manager Liz Griggs.
Curry offered a practical reason for why household income is rising in Manhattan Beach. Today’s home buyers have to be stronger financially than home buyers of 10 years ago because today’s home loan regulations are more restrictive, he said.
Griggs, in responding to Salzman’s observations, noted that Manhattan Village is incorporating a “village component” into its recently approved 60,000 square foot expansion.
“We want Manhattan Village to be a place where people will want to bring their families,” she said.
Remodeling of the 44-acre shopping center will be conducted in three phases and completed by 2016, Griggs said.
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