By Keith Kyle
Located in Manhattan Beach, CA, there are three general type homes in the gated community of Manhattan Village: court homes, town homes and estate homes. Estate homes are single family homes located in the more western area of Manhattan Village and generally range in square footage from just over 2000 square feet to 3500 square feet. In general these homes are fairly rare and don’t often come to market. Since 2007 there have only been 29 estate homes sold in Manhattan Village.
- 7 homes sold in 2007
- 2 homes sold in 2008
- 5 homes sold in 2009
- 4 homes sold in 2010
- 3 homes sold in 2011
- 7 homes sold in 2012
- Only 1 home sold in 2013
In this market, with historically low inventory of homes for sale, it is certainly surprising to see 4 of these estate homes come on the market virtually at the same time.