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.

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.

June 2017 Home Sales in Manhattan Beach CA

By Keith Kyle

June 2017 was a big month for home sales in Manhattan Beach CA with a fairly huge number of homes selling.  The summer months are always an active market and this year was no different with 57 Manhattan Beach homes closing escrow.  Thats well above the normal number of Manhattan homes selling in a month.  Median home prices were up significantly over June of the previous year with the median home in Manhattan Beach selling at just under $2,467,000 which was a 28% increase from June of the prior year.  Click here to see all of the recent home sales in Manhattan Beach CA.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Lawndale 12 $535,000 $519,000 3.1%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

Manhattan Beach Concerts in the Park

By Keith KylePoliwog Park

If you’re looking for some community summer fun, the concerns in the park series are a great way to spend your summer Sunday evenings.  Starting August 13th and ending on September 3rd the concersts take place at Polliwog Park (see map below) from 5pm to 7pm.  The summer schedule is:

  • August 13th – Shari Puorto Band
  • August 20th – Hollywood U2 (U2 cover band)
  • August 27th – Lynette Skynyrd (Lynard Skynyrd cover band)
  • September 3rd – Colour My World (Chicago cover band)

[googlemaps https://www.google.com/maps/embed?pb=!1m18!1m12!1m3!1d3312.0713245464676!2d-118.38699718478938!3d33.88781688065106!2m3!1f0!2f0!3f0!3m2!1i1024!2i768!4f13.1!3m3!1m2!1s0x80c2b40ccc96b56f%3A0xaeeebefc27fcf920!2sPolliwog+Park!5e0!3m2!1sen!2sus!4v1502757401349&w=600&h=450]

There’s No Better Place to Beat the Heat than Manhattan Beach

The South Bay is often referred to as “the bubble” and that can mean a lot of things…..lifestyle, schools and certainly the weather. There’s no doubt that the weather impacts the home values and a weekend like this one makes it clear why. While we in the bubble hear about this heat wave, with tempatures well into the triple digits, it just couldn’t be nicer at the beach. With tempatures “cooking” us in the mid 80’s and ocean tempatures nearing 70, you just wouldn’t know that it’s hot just a few miles away.  From bikerides on the beach, to surfing and playing volleyball, to shopping and dining in downtown Manhattan Beach, there’s something for everyone.  While in town take a look at the Manhattan Beach open houses if you’re interested in finding out just what it’s like to live in this wonderful coastal community.

Manhattan Beach Home Prices for May 2017

Manhattan Beach saw

City Homes
Sold
May 2017 Median May 2016 Median Year over Year % Change%
Carson 41 $458,000 $453,000 1.2%
El Segundo 8 $880,000 $803,000 9.7%
Gardena 65 $523,000 $425,000 23.1%
Harbor City 14 $503,000 $439,000 14.5%
Hawthorne 46 $610,000 $485,000 25.8%
Hermosa Beach 26 $1,738,000 $1,285,000 35.3%
Lawndale 16 $485,000 $455,000 6.5%
Lomita 18 $653,000 $488,000 33.7%
Long Beach 356 $472,000 $485,000 -2.6%
Manhattan Beach 46 $2,175,000 $1,875,000 16%
Marina Del Rey 32 $933,000 $925,000 0.8%
Palos Verdes Estates 47 $1,650,000 $1,499,000 10.1%
Playa Del Rey 31 $720,000 $560,000 28.6%
Rancho Palos Verdes 51 $1,275,000 $1,060,000 20.3%
Redondo Beach 87 $1,054,000 $950,000 10.9%
San Pedro 63 $620,000 $489,000 26.8%
Torrance 140 $690,000 $593,000 16.4%
Westchester 44 $965,000 $1,130,000 -14.6%

The lowest priced oceanfront home in Manhattan Beach

By Keith Kyle

As of July 5th there are 6 beachfront homes for sale on The Strand of Manhattan Beach.  Prices for these rare oceanfront homes and lots has  always been in high demand and prices have skyrocketed in the past 10 years.  Currently the home at 4117 The Strand is the lease expensive home for sale with a list price of $6,495,000.  The home is really being sold for land value and has now officially surpassed the one year mark that it’s been for sale.

4117 THE STRAND, Manhattan Beach, CA 90266 (MLS # SB16140273)

(all data current as of 10/23/2017)
Price $6,495,000
Beds 6
Baths 3 baths
Home size 2,804 sq ft
Lot Size 3,499 sqft
Days on Market 483
Status Active
LOWEST PRICED PROPERTY ON THE MANHATTAN BEACH STRAND OFFERED WITH ADJOINING CORNER LOT PROPERTY AT 4122 THE STRAND CREATING THE POTENTIAL FOR AN OCEAN FRONT DOUBLE CORNER LOT PROPERTY AT THE SAME PRICE AS A SINGLE SOUTH MANHATTAN STRAND INTERIOR LOT. PRESENTLY IMPROVED WITH A 1930'S DUPLEX WITH SPACIOUS 2 BEDROOM UNITS WITH PANORAMIC OCEAN VIEWS WITH HARDWOOD FLOORS PLUS DETACHED ONE BEDROOM UNIT WITH OPEN BEAMS, 3 CAR GARAGE + 3 OFF STREET PARKING SPACES. REFURBISH EXISTING IMPROVEMENTS OR BUILD A GRAND RESIDENCE OR 2 TOWNHOMES WITH CITY APPROVAL. THE BEST INTERIOR VALUE ON THE MANHATTAN STRAND.

Property Type(s): Single Family

Last Updated 3/14/2017 Tract
Year Built 1939 Community 142 - Manhattan Bch Sand
Garage Spaces n/a County Los Angeles
Total Parking n/a

Price History

Prior to Mar 14, '17 $6,900,000
Mar 14, '17 - Today $6,495,000

Schools

School District Manhattan Unified
High School Other

Additional Details

Lot 3500 sq ft Area 142 - Manhattan Bch Sand
HOA Dues 0.00 Parking Spaces: 6.00
Pool Description None Stories 2
Utilities Sewer Connected View Description Catalina,Coastline,Ocean,Panoramic,White Water
Water Public Waterfront Description Beach Access,Beach Front,Ocean Access,Oc
Zoning MNRH Lot Dimensions 33X105

Features

Air None
Appliances Garbage Disposal, Gas Stove
Fireplace Yes
Garage Garage
Heat Forced Air
Interior Ceramic Counters, Tile Counters
Style Traditional
View Yes
Waterfront Yes

Location

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

Listing provided by : Robert Schumann CalBRE:00707775, Real Estate West

(view all details for MLS #SB16140273)

Manhattan Beach moves forward with undergrounding after nearly a decade

Good Beach Reporter article on undergrounding utilities in Manhattan Beach.  As a realtor one of the big complaints from owners, renters, and buyers is the utility poles blocking the views.

Source: Manhattan Beach moves forward with undergrounding after nearly a decade