Strong Home Sales in Manhattan Beach In November

Manhattan Beach saw yet another strong month in home sale and home prices in November of 2017 with 35 homes sales at a median home price of $2,300,000.  This was well over the November of 2016 median price of $1,863,000 but well below the numbers for October 2017.

The lowest price home sale of the month was a smaller single family home on Rosecrans which closed at $1,250,000 with the highest price sale cosing at $9,400,000 for a single family home at 712 John in the Manhattan Beach hill section.  This home had been on the market originally at $11,995,000.

See the current homes for sale in Manhattan Beach or see the recent Manhattan Beach home sales.

City Homes
Sold
November
2017  Median
November
2016  Median
Year over Year % Change%
Carson 49 $476,000 $450,000 5.9%
El Segundo 12 $1,243,000 $816,000 52.3%
Gardena 52 $533,000 $504,000 5.7%
Harbor City 10 $555,000 $523,000 6.1%
Hawthorne 30 $577,000 $575,000 .3%
Hermosa Beach 20 $1,550,000 $1,380,000 12.3%
Lawndale 18 $515,000 $393,000 31.2%
Lomita 11 $599,000 $473,000 26.8%
Long Beach 318 $510,000 $490,000 4%
Manhattan Beach 35 $2,300,000 $1,863,000 23.5%
Marina Del Rey 33 $925,000 $955,000 -3.1%
Palos Verdes Estates 27 $1,510,000 $1,550,000 -2.6%
Playa Del Rey 21 $710,000 $658,000 7.9%
Rancho Palos Verdes 31 $1,108,000 $1,088,000 1.8%
Redondo Beach 79 $955,000 $900,000 6.1%
San Pedro 55 $550,000 $515,000 6.8%
Torrance 117 $700,000 $656,000 6.6%
Westchester 35 $1,015,000 $943,000 7.6%

Happy Holidays and Merry Christmas from Manhattan Beach real estate

From our family to your we wish you a very happy holidays and merry Christmas

  • Keith Kyle, Vista Sotheby’s International Realty

Manhattan Beach Real Estate Report – By the Numbers

Information is key to making sound real estate decisions.  Nowhere is that more important than the high end and luxury market of Manhattan Beach CA.  The information below should help you keep up with the market and provide valuable insight into where the market currently is and where it’s going in the future.  See below for updated information such as number of active homes, pending sale, recent closed home sales and home prices for Torrance, Manhattan Beach, Hermosa Beach and Redondo Beach

New Listings

Active Listings

Pending Sales

Closed Sales

Days on Market

Price Per Foot

Average Sales Price

Happy Halloween from Manhattan Beach Luxury Homes

From all of us at ManhattanBeach Luxury Real Estate, KeithKyleHomes.com and Vista Sotheby’s International we wanted to wish you a festive and happy Halloween.

August Home Sales in Manhattan Beach CA and the South Bay

Manhattan Beach saw yet another impressive month of home sales with 36 homes selling in August at a median price of $2,230,000.  That was way over the prices of August the previous year and was almost a 23% increase in the median home prices.

In August, overall the South Bay trended up from the previous year in terms of median home prices with only a few local cities seeing a decrease in y over year prices.

To see all of the home sales in Manhattan Beach and the cities below visit our recent home sales page.

City Homes
Sold
August
2017 Median
August
2016 Median
Year
over Year % Change%
Carson 52 $470,000 $450,000 4.3%
El Segundo 15 $1,235,000 $1,075,000 14.9%
Gardena 53 $495,000 $472,000 4.9%
Harbor City 20 $521,000 $522,000 -.2%
Hawthorne 45 $583,000 $575,000 1.4%
Hermosa Beach 22 $1,358,000 $1,723,000 21.2%
Lawndale 17 $460,000 $498,000 -7.5%
Lomita 19 $610,000 $619,000 -1.5%
Long Beach 404 $490,000 $463,000 5.9%
Manhattan Beach 36 $2,230,000 $1,815,000 22.9%
Marina Del Rey 37 $940,000 $1,059,000 -11.2%
Palos Verdes Estates 37 $1,545,000 $1,413,000 9.4%
Playa Del Rey 27 $625,000 $623,000 .3%
Rancho Palos Verdes 60 $1,088,000 $1,065,000 2.2%
Redondo Beach 118 $975,000 $969,000 .6%
San Pedro 78 $572,000 $481,000 19%
Torrance 154 $698,000 $645,000 8.2%
Westchester 50 $1,180,000 $1,093,000 8%

3420 The Strand Manhattan Beach – September’s Big Sale

The biggest sale of the month was located on the oceanfront Strand at 3420 The Strand. This was a pretty spectacular home perched fairly high on the dune offering stunning views. The home featured 5 bedrooms, 6 baths and an enormous 5,500 square feet on 3 levels. Built in 2003 and designed by renowned Architects Grant Kirkpatrick and Erik Evens of KAA Design Group, 3420 The Strand enjoys a corner walkstreet lot with great beach and walkstreet frontages.

Originally listed at $17,995,000 and reduced in July to $16,500,000 the home sold for $15,400,000. For information on the current oceanfront Strand homes for sale contact Manhattan Beach realtor Keith Kyle with Vista Sotheby’s International.

417 and 421 Paseo De La Playa – Manhattan Beach Oceanfront Strand Alternative

While $25,000,000 is a list price that we occasionally see in Manhattan Beach, it really takes something special to come on the market in

this rarified air anywhere else.  Something special it is, however.  While the price is staggering for the Hollywood Riviera, there’s no disputing that the home (s) being sold at 417 Paseo De La Playa are pretty incredible.  The lots along Paseo De La Playa are already huge as they extend all the way to the beach but in this case there’s not one, but two separate parcels for sale.  What also makes this compound type property unique is the beach access.  It can take years to go through the California coastal process of trying to get beach access and it’s often denied.  In this case there’s not only beach access but a private volleyball court!  Here’s information from listing agent Chris Adlam of Vista Sotheby’s International.

With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay.

417 Paseo de la Playa, Redondo Beach, CA 90277 (MLS # PV17206016)

(all data current as of 1/22/2018)
Price $25,000,000
Beds 7
Baths 10 baths
Home size 10,200 sq ft
Lot Size 1.44 ac
Days on Market 138
Status Active
With over 62,000 square feet of beach-front property on TWO SEPARATE PARCELS, this dramatic compound is almost impossible to duplicate. The main house (417 Paseo de la Playa) is over 10,000 square feet of exquisite living area, and the “companion house” (421 Paseo de la Playa) has over 5,500 square feet. Both homes are located behind gated entrances, both with direct access to the sand, a spectacular pool & spa, a private sand volleyball court, and a large yard. The views span from Palos Verdes through the beach cities, including the entire Santa Monica Bay. Some of the features include Geothermal heating and cooling, Crestron Home Automation System, Lutron lighting system, movie theater, home gym, wine cellar, elevator, pizza oven, back-up generator, closed circuit cameras, one 4-car garage, one 3-car garage, and much more. This spectacular property offers direct beach access, mesmerizing views, and perhaps most important… privacy. Located just 9 miles from LAX, this is a one of kind, legacy type property, not likely to be replicated in the South Bay.

Property Type(s): Single Family

Last Updated 9/6/2017 Tract
Year Built 2005 Community 128 - Hollywood Riviera
Garage Spaces n/a County Los Angeles
Total Parking n/a

Schools

School District Torrance Unified

Additional Details

Lot 1.44 acre(s) Area 128 - Hollywood Riviera
HOA Dues 0.00 Parking Spaces: 7.00
Pool Description Private,In Ground Utilities Public;
View Description Bay,Bluff,City Lights,Coastline,Ocean,Panoramic,Pier,Pool,Water,White Water Water Public
Waterfront Description Beach Access,Beach Front,Ocean Access,Oc

Features

Air See Remarks
Air Conditioning Yes
Fireplace Yes
Garage Direct Garage Access, Garage - Two Door, Oversized, P
Heat See Remarks
Interior Elevator, High Ceilings (9 Feet+), Home Automation System
Lot Description Back Yard, Bluff Front, Lot Over 40000 Sqft, Yard
Master on Main Yes
Pool Yes
Style Custom Built
View Yes
Waterfront Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Chris Adlam CalBRE:00967574, Vista Sotheby's Int'l Realty

(view all details for MLS #PV17206016)

Can An El Segundo Home Fetch Manhattan Beach Prices?

While we focus primarily on Manhattan Beach we like to bring to the attention of our clients and visitors potential options in neighboring cities.  The real estate market in El Segundo is no exception as the great schools, shorter commute and small town charm make it an appealing option.  The recent listing at 425 West Oak in El Segundo is in some rarified air pushing the elusive $3,000,000 price barrier.  It will be a good home to keep an eye on to see if El Segundo can achieve a price point more common in the neighboring Manhattan Beach luxury real estate market.  The home at 425 West Oak is brand new construction with a modern design and sitting on a well appointed 8000+ square foot lot.  With 5 bedrooms and 4000 feet it is definitely a home to rival new construction in Manhattan and Hermosa Beach.

We're sorry, but we couldn't find MLS # SB17204155 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Big Jumps and Big Drops in the South Bay Median Home Prices for July 2017

By Keith Kyle

July was a crazy month throughout the South Bay with double digit year over year percentage changes in most of the cities. There was no real rhyme or reason to it with some cities way up and others way down.  Real estate in Manhattan Beach CA was no different with another double digit jump for the median home prices compared with July of 2016.  Manhattan Beach saw48 homes close escrow in July with a median home price of just under $2,450,000  Click here to see the recent home sales in Manhattan Beach and the South Bay.  July is often a very busy month with many homebuyers trying to purchase before the start of the school year but regardless of the reason a median home price of nearly $2.5M  is a very impressive number.

City Homes Sold July 2017 Median July 2016 Median Year over Year % Change%
Carson 60 $480,000 $445,000 8%
El Segundo 20 $1,055,000 $1,310,000 -19.5%
Gardena 65 $549,000 $454,000 21%
Harbor City 15 $439,000 $550,000 -20.2%
Hawthorne 35 $730,000 $562,000 30%
Hermosa Beach 19 $2,025,000 $1,410,000 43.6%
Lawndale 15 $515,000 $430,000 19.8%
Lomita 21 $598,000 $585,000 2.1%
Long Beach 331 $520,000 $471,500 10.3%
Manhattan Beach 48 $2,449,000 $2,200,000 11.3%
Marina Del Rey 36 $921,000 $974,000 -5.4%
Palos Verdes Estates 28 $1558,000 $1,800,000 -13.4%
Playa Del Rey 20 $613,000 $629,000 -2.5%
Rancho Palos Verdes 63 $1,345,000 $1,160,000 15.9%
Redondo Beach 95 $975,000 $920,000 6%
San Pedro 63 $542,000 $542,000 0%
Torrance 113 $687,000 $617,000 11.4%
Westchester 33 $1,185,000 $1,116,000 6.2%

The Never Ending Demand for Manhattan Beach Real Estate

There are hot real estate markets…..and then there are crazy real estate markets. Working in the highly sought after South Bay of Los Angeles, with iconic beach cities such as Manhattan Beach, Hermosa Beach and Redondo, I have gotten used to a market in which demand is nearly constant. Having said that, however, it seemed long ago that we simply must slow down at some point and it seemed to be heading that direction. July recorded 2 of our beach cities with median prices over $2,000,000 with Hermosa Beach seeing a year over year increase (granted YoY % in a small town doesn’t often mean as much) up $600,000 from the prior July.

Whether it’s the busy summer months, the demand for the highly rated school systems, or some sort of influx of lottery winners, the market lately has simply been crazy. Of the last 5 offers I’ve written we were not even countered being $100K over list price on one (this one had 17 offers of which multiple were cash and appears to have sold for $250K over list price), another client was not in the final running being $100K over (5 offers of which one was all cash at $1.5M), another was the 3rd best at $40K over list (again 4 offers of which one was all cash)…the offer only $10K over asking price…..forget it.  And it goes on and on. It seemed a turn in the market was inevitable a few years back when pricing seemed bound to outpace demand.

We’ll see what this market holds in store and it seems absolutely unsustainable at this pace but that’s the same thing that was said 18 months ago. When a market is this high in demand in an area where coastal homes are extremely limited we can only wonder just how far prices and demand can take us.