Manhattan Beach is the Center of the South Bay Real Estate Universe

By Keith Kyle

From just about every perspective, Manhattan Beach is the epicenter of real estate in the South Bay. The combination of great schools, small town charm, proximity to the airport and downtown (but not too close) and the hard to ignore reality that it’s become a very high “status” area make it the most sought after city in the area.

What this means is that home prices in Manhattan Beach impact the surrounding communities. As more buyers are priced out of Manhattan they often start searching in nearby Hermosa Beach…when that becomes too expensive they start looking in El Segundo, Redondo Beach real estate and the surrounding cities.  This is pretty clearly indicated by the median home prices in each of the areas.  Manhattan Beach saw a median home price of $2,075,000, with the median in Hermosa at $1,570,000, El Segundo at $1,151,000 and Redondo Beach near (exact numbers not available) $1,032,000.  Each of the neighboring cities can offer fantastic neighborhoods and are great communities, but it’s clear that Manhattan Beach real estate is the driving force that impacts prices in the nearby communities and cities.

 

This Weeks Manhattan Beach Open Houses

1641-23rd-street-remodeled-kitchenIf you’re looking for a great beach house, Manhattan Beach is the town for it.  Take a look at this weeks open house list to see what homes you might be interested in.  If the list isn’t updated please visit our South Bay open houses information site.

New Website for Fusion At South Bay Homes and Real Estate

By Keith KyleFusion_at_South_Bay_website

We’re happy to announce the launch of our website designed exclusively for the gated community of Fusion South Bay.  Fusion is a vibrant and active community that is just east of Manhattan Beach and offers newer construction at a fraction of the cost of Manhattan Beach.  The townhomes and condos in Fusion is an ideal option for those looking in nearby El Segundo, Manhattan, and Redondo Beach but want something newer and nicer for a reasonable price.

Visit FusionHomesforSale.com for the latest listings, recent home sales, floorplans, community maps and more.

Median Home Prices in Manhattan Beach Decline Y-O-Y in February 2015

By Keith Kyle912-Duncan

February saw a continuing decline in the homes for sale and the number of homes sold in Manhattan Beach and much of the South Bay with housing inventory remaining well below the average.  Manhattan Beach saw 25 homes sell in February at a median price of $1,750,000.  Although it was a 16% drop from the median price a year earlier, that had been a record setting month with median home prices well over $2,000,000.

City Homes Sold February 2015 Median February 2014 Median Year over Year % Change
Carson 39 $395,000 $362,500 9.0%
El Segundo 14 $818,250 $952,000 -14.0%
Gardena 23 $334,000 $372,500 -10.3%
Harbor City 11 $393,000 $317,500 23.8%
Hawthorne 29 $410,000 $460,000 -10.9%
Hermosa Beach 14 $1,512,500 $1,265,000 19.6%
Lawndale 9 $415,000 $412,250 0.7%
Lomita 5 $326,000 $515,000 -36.7%
Long Beach 203 $405,000 $385,000 5.2%
Manhattan Beach 19 $1,750,000 $2,083,500 -16.0%
Marina Del Rey 16 $1,335,000 $769,000 73.6%
Palos Verdes Estates 31 $1,300,000 $1,392,500 -6.6%
Playa Del Rey 11 $891,500 $517,500 72.3%
Rancho Palos Verdes 32 $1,038,750 $708,500 46.6%
Redondo Beach 46 $812,000 $767,500 5.8%
San Pedro 52 $405,500 $450,000 -9.9%
Torrance 86 $542,000 $511,500 6.0%
Westchester 20 $820,000 $797,000 2.9%

South Bay Home Inventory Continues to Rise

By Keith Kyle

What may be the beginning of a slight shift in the South Bay real estate market, inventory has continued to rise for the 5th straight month as both pending and sold homes remained relatively flat. Active homes for sale in July of 2014 were up 40% from the same month in 2013, while sold homes declined 11.7% and pending home sales only increased by 3.5%. This buildup of inventory may finally slow the market and lead to a market not so heavily favoring sellers.  The local Manhattan Beach real estate trends are slightly different with numbers being somewhat similar to a year ago in terms of active, pending and closed home sales although prices continue to rise, especially in the higher end of the market.  To see the most recent home sales visit our recent sales information site.

770 West Imperial – Lowest Priced Home in El Segundo

As of January 20th the most affordable home in El Segundo is the home at 770 West Imperial Highway.  It is a nicely upgraded condo in the Pacific Sands building currently priced at $342,900.

We're sorry, but we couldn't find MLS # 13718005 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Search Condos for Sale in El Segundo

 

While home prices have gone up throughout the South Bay, El Segundo is still far more affordable than neighboring Manhattan Beach and the least expensive housing option is a condo.  There are a limited number of condominium complexes (see real estate market statistics for condos in El Segundo) but the limited options have some very attractive prices.  The condos are generally located on the outer edges of town due to zoning allowing higher density buildings.

Current El Segundo Condos for Sale

  1. 2 beds, 3 baths
    Home size: 1,863 sq ft
    Lot size: 21,780 sqft
    Year built: 2006
    Days on market: 9
  2. 2 beds, 2 baths
    Home size: 1,173 sq ft
    Lot size: 26,571 sqft
    Year built: 1977
    Days on market: 50
  3. 2 beds, 2 baths
    Home size: 1,176 sq ft
    Lot size: 13,939 sqft
    Year built: 1981
    Days on market: 66
  4. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,026 sqft
    Year built: 1978
    Days on market: 135
  5. 2 beds, 2 baths
    Home size: 1,175 sq ft
    Lot size: 1.14 ac
    Year built: 1982
    Days on market: 164
  6. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,026 sqft
    Year built: 1978
    Days on market: 171

See all Real estate in the city of El Segundo.
(all data current as of 6/23/2017)

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

El Segundo Townhome Search

By Keith  KyleTownhomes in El Segundo

El Segundo CA has a wonderful small town feel and it is the combination of this sense of community and the location that makes it so special.  Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but to close to  Los Angeles.  El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay and has a variety of housing options at a much more affordable price than neighboring Manhattan Beach.

Current Townhomes for Sale in El Segundo.

  1. 2 beds, 3 baths
    Home size: 1,863 sq ft
    Lot size: 21,780 sqft
    Year built: 2006
    Days on market: 9
  2. 2 beds, 2 baths
    Home size: 1,173 sq ft
    Lot size: 26,571 sqft
    Year built: 1977
    Days on market: 50
  3. 2 beds, 2 baths
    Home size: 1,176 sq ft
    Lot size: 13,939 sqft
    Year built: 1981
    Days on market: 66
  4. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,026 sqft
    Year built: 1978
    Days on market: 135
  5. 2 beds, 2 baths
    Home size: 1,175 sq ft
    Lot size: 1.14 ac
    Year built: 1982
    Days on market: 164
  6. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,026 sqft
    Year built: 1978
    Days on market: 171

See all Real estate in the city of El Segundo.
(all data current as of 6/23/2017)

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

El Segundo Single Family Home Search

By Keith  KyleSouth Bay Homes

El Segundo CA has a wonderful small town feel.  Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but not live in the big city.  El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay.

Single Family Homes in El Segundo.

  1. 4 beds, 3 baths
    Home size: 2,845 sq ft
    Lot size: 5,227 sqft
    Year built: 1991
    Days on market: 5
  2. 3 beds, 2 baths
    Home size: 1,026 sq ft
    Lot size: 4,791 sqft
    Year built: 1947
    Days on market: 22
  3. 3 beds, 1 bath
    Home size: 1,038 sq ft
    Lot size: 6,534 sqft
    Year built: 1942
    Days on market: 23
  4. 6 beds, 4 baths
    Home size: 2,943 sq ft
    Lot size: 4,791 sqft
    Year built: 1951
    Days on market: 24
  5. 3 beds, 2 baths
    Home size: 1,256 sq ft
    Lot size: 6,098 sqft
    Year built: 1953
    Days on market: 33
  6. 4 beds, 5 baths
    Home size: 2,528 sq ft
    Lot size: 7,405 sqft
    Year built: 1953
    Days on market: 47
  7. 5 beds, 2 baths
    Home size: 2,599 sq ft
    Lot size: 5,662 sqft
    Year built: 1956
    Days on market: 88
  8. 4 beds, 3 baths
    Home size: 2,587 sq ft
    Lot size: 4,791 sqft
    Year built: 1979
    Days on market: 102
  9. 4 beds, 3 baths
    Home size: 2,243 sq ft
    Lot size: 4,791 sqft
    Year built: 1952
    Days on market: 172

See all Real estate in the city of El Segundo.
(all data current as of 6/23/2017)

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

 

Manhattan Beach and Surrounding Communities

By Keith Kyle

The South Bay has something to offer everyone in just about every price range.  In general prices are at the highest in Manhattan Beach and tend to decrease the further away you get.  Click on any of the city links below to see more information on these communities, what they have to offer in terms of homes and real estate, and the latest listings.