December 2016 Home Sales and Home Prices in Manhattan Beach

By Keith Kyle

December was a pretty typical month in Manhattan Beach real estate with 38 home sales at a median price of $1,863,000.  December traditionally is a much slower month but with the continued demand for Manhattan Beach homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Manhattan Beach for December.  For the current homes for sale visit our active listings page.

City Homes
Sold
December
2016 Median
December
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22.1%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15.1%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

Coastal Elegance at 516 4th Street in Manhattan Beach

By Keith Kyle516 4th Street Manhattan Beach

One of the homes currently on the market (as of July 8th, 2016) that we really like is located at 516 4th Street in the Manhattan Beach sand section.  While not on a walkstreet the home sits on a quiet street and has the look and feel of a walkstreet location.  The home offers a coastal plantation style with a large front yard and patio offering a great mix of indoor/outdoor living.

We're sorry, but we couldn't find MLS # SB16089792 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Big Jump In Manhattan Beach Homes for Sale in March

By Keith Kyle

March 2016 saw a pretty significant increase in the number of active homes for sale in Manhattan Beach.  Whereas the prior 18 months had seen a high water mark of 77 homes for sale and had hovered between 50 and 70, the number of homes on the market took a fairly drastic upturn in March with over 100 homes active on the market.  As of this writing in late April, that number didn’t show signs of changing as there are currently 101 homes, townhomes and condos for sale in this coastal community.

Manhattan Beach Open Houses Aplenty This Weekend

By Keith KyleVista Sothebys Open House Sign

If you’re in the Manhattan Beach real estate market or just curious to see some luxury homes, this is a great weekend for it.  There are more open houses than we’ve seen in a while and there’s something for everyone.  Take a look below to see this weekends open houses in Manhattan Beach or visit our South Bay open houses page for Manhattan Beach and other South Bay cities.

 

Day Time Address Amenities Price
Sun 2-4pm 1826 Marine Ave., Manhattan Beach 3 BD, 1.5 BA, 1,413 Single Family $1,199,000
Sun 2-4pm 1826 Marine Ave., Manhattan Beach 3 BD, 1.5 BA, 1,413 sq feet $1,199,000
Sat / Sun 1-4pm 28 Santa Cruz Ct., Manhattan Beach Spotless & Spacious Twnhm, 3 BD, 2.5 BA, Lg
Private Patio – Manhattan Village
$1,300,000
Sun 1-4pm 228 28th Pl., Manhattan Beach New Sand Section Listing, 2 BD, Den, 2 BA, $1,585,000
Sat / Sun 1-4pm 3520 Walnut Ave., Manhattan Beach 3 BD, 2 BA, Recent Upgrades $1,695,000
Sat 2-4pm 3605 Poinsettia Ave., Manhattan Beach 3 BD, 2 BA, Big Yard, Turn-Key $1,699,000
Sat / Sun 1-4pm 461 S. Prospect Ave., Manhattan Beach 4 BD, 3.5 BA, 8,700 SF $1,850,000
Sat / Sun 1-4pm / 2-4pm 23 West Malaga Pl., Manhattan Beach Plan 8 Manhattan Village Home, 3 BD, 2.5 BA $1,879,000
Sat / Sun 1-4pm 433 Marine Ave. #B, Manhattan Beach Completely Remodeled, 3 BD, 3.5 BA, Townhome $2,099,000
Sat / Sun 1-4pm 4109 Crest Ave., Manhattan Beach 3 BD, 4 BA, Unblockable Ocean Views $2,100,000
Sun 1-4pm 1765 Curtis Ave., Manhattan Beach 5 BD, 4 BA, 3,873 SF $2,195,000
Sat / Sun 1-5pm 1016 John St., Manhattan Beach 5 BD, 3 BA, Fixer $2,390,000
Sat / Sun 2-4pm 3312 Maple Ave., Manhattan Beach 4 BD, 2.5 BA, Hollywood Regency in the Trees $2,399,000
Sat / Sun 1-4pm 228 11th Pl., Manhattan Beach 2 BD, 2 BA, Gourmet Kitchen $2,499,000
Sun 1-4pm 1812 Agnes Rd., Manhattan Beach 3 BD, 1.75 BA, New Listing $2,695,000
Sun 1-4pm 3008 Elm Ave., Manhattan Beach 5 BD, 5.5 BA, 3,229 SF $2,699,000
Sun 2-4pm 652 Rosecrans Ave., Manhattan Beach 6 BD, 6 BA, Beautiful Courtyard-Backyard $2,749,000
Sun 1-4pm 1430 21st St., Manhattan Beach 5 BD, 5 BA $2,799,000
Sat / Sun 1-4pm 1304 Lynngrove Dr., Manhattan Beach 5 BD, 5.5 BA, New Construction $2,899,900
Sat / Sun 1-4pm 2408 Walnut Ave., Manhattan Beach 5 BD, 3 BA $2,999,000
Sat / Sun 2-4pm 728 30th St., Manhattan Beach 4 BD, 4 BA, Oversized Corner Lot $3,175,000
Sat / Sun 1-4pm 3113 Walnut Ave., Manhattan Beach New Construction, 5 BD, 4.5 BA $3,180,000
Sat / Sun 2-4pm 756 36th St., Manhattan Beach New Construction Coastal Plantation Style Home, 6
BD, 6.5 BA
$3,449,000
Sat / Sun 2-4pm 724 29th St., Manhattan Beach 4 BD, 4 BA + Add’l Room + Office $3,450,000
Sat / Sun 2-4:30pm 701 N. Dianthus St., Manhattan Beach 5 BD, 4 BA, 3,605 SF $3,469,000
Sun 1:30-3:30pm 721 12th St., Manhattan Beach 4 BD, 4 BA, 3,487 SF $3,499,000
Sun 2-4pm 2409 N. Poinsettia Ave., Manhattan Beach 4 BD, 4.5 BA, Office $3,499,000
Sat / Sun 2-4pm 2215 Bayview Dr., Manhattan Beach 4 BD, 3.5 BA, Amazing Ocean Views $3,499,000
Sat / Sun 2-4pm 3009 Poinsettia Ave., Manhattan Beach 4 BD, 4 BA + Office & Basement $3,700,000
Sat / Sun 2-4pm 873 11th St., Manhattan Beach Hill Section Opportunity, 4 BD, 3.5 BA, 250 Bottle
Wine Cellar, Reduced Price
$3,759,000
Sun 2-4pm 873 9th St., Manhattan Beach 5 BD, 4.5 BA, 5,088 SF, New Hill Section Home w/
Views
$4,699,000
Sun 2-4pm 716 12th St., Manhattan Beach 6 BD, 7 BA, 4,475 SF, New American Martyrs Home with Sweeping Ocean Views $4,799,000
Sat / Sun 2-4pm 221 Homer St., Manhattan Beach 4 BD, New, Ocean Views $4,950,000
Sat / Sun 1-4pm 232 6th St., Manhattan Beach Ocean Views, New Construction, 5 BD Suites,
Corner Walkstreet
$9,000,000

Why You May Not Want to Get Overly Excited About That Manhattan Beach Foreclosure

By Keith Kyle1410 Ardmore Manhattan Beach

Manhattan Beach is a tough market to buy a home in.  In a town where starter homes start in the $1.5M range and builders are buying everything they can get their hands on, you can’t blame buyers for getting a bit excited about that rare foreclosure “opportunity”.  The problem is that the market usually determines what something is worth and in this town, true below market “opportunities” are rare.

The home at 1410 Ardmore, located right near downtown Manhattan,  certainly is a good example of something that’s too good to be true.  Originally listed at $800,000 in early December, this was never a realistic price as it was more than 50% of what it should have been listed.  Unfortunately buyers often think that because it’s a short sale, they just may get it at that price.  In this case, it certainly didn’t take long for them to get an avalanche of offers and on January 6th the home not only went pending, but the price changed from $800,000 to $1,800,000.  That’s a 125% price increase.

While there were endless buyers thinking they might just get the deal of the century, eventually the market dictates what homes are actually worth.

That doesn’t mean that great deals aren’t occasionally out there, but if it seems too good to be true….it is.

 Price: $1,800,000      Original Price $800,000

BED / BATH:   4/3,0,0,0
SQFT(src):   1,605 (A)
PRICE PER SQFT:   $1,121.50
LOT(src):   0.093/4,068 (A)
GARAGE:  /Attached
YEAR BLT(src):  1958
SUB TYPE:   SFR
SALE TYPE:  Short Pay 

 

 

 

See the Homes We’ve Sold in Manhattan Beach and the South Bay

By Keith Kyle

We are so fortunate to have worked with so many wonderful people and in such a great area.  It just doesn’t get much better.  See the map below to view all of our local home sales. Although we specialize in Manhattan Beach real homes and the South Bay, we have been lucky enough to sell throughout the area, from Santa Monica to Huntington Beach. Many of these were first time buyers and are now happy homeowners. The red marks are home sales in which I represented the buyer, the orange marks represent homes that I listed, and the blue marks represent homes in which I represented both buyers and sellers.  Click on the marks to see pictures of the various homes and properties.

You can also see the interactive map of our South Bay home sales on Google.

No Place Like Home for Holidays – But Not Too Many Homes To See

There may be no place like home for the holidays, but if you’re hoping to visit open houses in Manhattan Beach this 116-25th-Street-Manhattan-Beachweekend there won’t be too much to see.  The open houses in the Beach Cities and South Bay are just as limited as things slow down for the holidays.

Here’s the open houses in Manhattan Beach this weekend.

 

Days Hours Address Details Price
Sun 1-4pm 36 Malaga Place E, Manhattan Beach 3 BD, Manhattan Village $1,425,000
Sat 1-4pm 461 S. Prospect, Manhattan Beach 4 BD, 3.5 BA, 8,714 SF Lot $1,900,000
Sun 1-4pm 1765 Curtis Ave., Manhattan Beach 5 BD, 3.75 BA, 3,873 SF $2,195,000
Sun 2-4pm 907 Harkness, Manhattan Beach Nice East Manhattan Home $2,295,000
Sat/ Sun 1-4pm 1304 Lynngrove Dr., Manhattan Beach 5 BD, 5.5 BA, New Construction $2,999,900
Sun 1-6pm 201 Larsson St., Manhattan Beach 4 BD, 4 BA, Ocean & City Views $3,399,000
Sat/ Sun 2-4pm 756 36th St., Manhattan Beach New Construction Coastal Plantation Style Home,
6 BD, 6.5 BA
$3,579,000

A Bank Owned Home in Manhattan Beach? 665 33rd Street in the Tree Section

By Keith Kyle665 33rd Street Manhattan Beach

It’s been quite a while since we’ve seen a bank owned home in Manhattan Beach.  There are still a limited number of foreclosures in the South Bay, but qith homes now valued beyond the former peak and prices rising daily in Manhattan Beach it would seem almost impossible that someone would be foreclosed on but this is clearly a remnant of a market significantly different just 2 years ago.  With the foreclosure process taking a long time we’re just now seeing this on the market.

ML#:   PV15097990 
APN:   4174006035 
List Price:   $1,950,000 
Price Per Sqft:   $891.22 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   3 
Bath(F,T,H,Q):  3,0,0,0 
Sqft (Src):   2,188 (Assessor’s Data) 
Ac/LotSqft (Src):   0.124/5,390 (A) 

We're sorry, but we couldn't find MLS # PV15097990 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

And Then There Were 50 – Housing Inventory Slowly Rising in Manhattan Beach

By Keith Kyle432 23rd place

Although many listings are still selling the moment they hit the market, often over asking with multiple offers, the good news for buyers is that inventory is slowly creeping upward.  As of March 12th there are 52 homes for sale in Manhattan Beach.  While that’s 25% of the high point a few years back, it’s still twice the number of homes for sale just 45 days ago.  Currently the least expensive home in Manhattan Beach is listed at $895,000 for a court home in Manhattan Village.  The most expensive home currently on the market is and oceanfront home on The Strand listed for just under $14,000,000.  The average listing price in Manhattan Beach is currently $3,573,000.

MLS Home Type   Address  List Price  Bed/Bath Age Sq Feet
SB15003321 SFR/D 225 36th ST  $ 1,549,000.00 1/1,0,0,0 1933/ASR 728/A
SB15043119 SFR/D 212 40th ST  $ 1,995,000.00 3/2,0,0,0 1929/ASR 1518/A
SB15041122 TWNHS/D 3105 Vista DR  $ ,300,000.00 3/3,0,1,0 2003/ASR 2406/A
SB15037432 SFR/D 2216 Grandview AV  $ 2,349,000.00 2/1,0,0,0 1948/ASR 846/A
SB15047443 SFR/D 464 35th ST  $ 2,599,000.00 3/2,1,0,0 1988/ASR 3100/A
SB14241757 TWNHS/A 229 Rosecrans PL  $ 2,699,000.00 3/3,0,1,0 2014/BLD 2200/E
PV15045681 SFR/D 2804 Highland AV  $ 2,749,000.00 3/3,0,1,0 2003/ASR 2398/A
SB15013335 TWNHS/A 3215 Vista DR  $2,880,000.00 3/3,0,1,0 2014/BLD 2400/E
SB15048966 SFR/D 472 28th ST  $2,900,000.00 4/3,0,1,0 1988/EST 2586/A
SB15029488 SFR/D 541 4th ST  $ 3,989,000.00 4/3,0,1,0 1990/ASR 3596/A
SB15035149 TWNHS/A 3300 Ocean DR  $ 4,249,000.00 3/3,0,1,0 1992/ASR 2000/A
SB15052080 SFR/D 340 7th ST  $ 4,599,000.00 5/3,0,2,0 1988/ASR 3852/A
SB13078507 SFR/D 416 8th ST  $ 4,799,000.00 5/4,0,1,0 2014/EST 4200/E
SB15040562 SFR/D 121 35th ST  $ 4,999,999 4/4,0,0,0 1937/ASR 3546/A
SB15024360 SFR/A 501 Manhattan AV  $ 5,999,999 4/3,0,1,0 1948/ASR 2288/A
SB15043267 SFR/D 3421 Manhattan AV  $ 7,250,000 4/4,0,0,0 2002/ASR 4200/E
SB15047232 SFR/D 235 4th ST  $ 10,000,000 3/1,0,0,0 1924/ASR 1216
SB15052322 SFR/D 229 4th ST  $ 10,000,000 3/2,0,0,0 1920/ASR 1736/A
SB14139027 SFR/D 1140 The Strand  $ 13,999,000 5/4,0,0,0 1957/ASR 2808/A
SB15046398 SFR/D 1405 Oak AV  $ 1,249,000 2/1,0,0,0 1952/ASR 794/A
SB15052111 SFR/D 2209 Oak AV  $ 1,385,000 3/2,0,0,0 1948/ASR 1175/A
SB15031614 SFR/D 7 Laurel  $ 1,725,000 4/2,0,1,0 1976/ASR 2324/A
SB15051487 SFR/D 3528 Maple AV  $ 1,849,000 3/2,0,1,0 1963/ASR 1780/S
SB15020097 SFR/D 1208 Oak AV  $ 1,999,000 5/4,0,0,0 2004/ASR 3122/A
SB15014658 SFR/D 1512 Ardmore AV  $ 1,999,999 2/1,1,0,0 1953/ASR 1032/A
SB15004582 SFR/D 3413 Elm AV  $ 2,199,000 4/3,0,1,0 1981/ASR 3412/AP
PW14258199 SFR/D 3613 Walnut AV  $ 2,499,900 4/4,0,1,0 1988/ASR 3545/T
SB15005912 SFR/D 3525 Walnut AV  $ 2,674,000 5/3,1,0,0 2001/ASR 3509/A
SB15029988 SFR/D 2412 John ST  $ 2,799,000 3/2,0,1,0 2015/ASR 1890/B
SB15028167 SFR/D 620 36th ST  $ 2,935,000 4/4,0,0,0 2002/ASR 3776/A
SB14216358 SFR/D 750 35th ST  $ 3,275,000 5/4,0,1,0 2014/BLD 3714/B
SB14218397 SFR/D 636 12th ST  $ 5,300,000 5/5,0,1,0 2014/BLD 4330/B
SB15050953 SFR/D 835 17th ST  $ 5,799,000 6/5,0,1,0 2006/ASR 5890/A
SB15039938 SFR/D 915 Boundary PL  $ 1,750,000 2/1,0,0,0 1953/ASR 864/A
SB14230617 SFR/D 1007 Pacific AV  $ 6,200,000 5/3,0,2,0 1948/ASR 4200/S
SB15036240 SFR/D 1000 Highview AV  $ 6,499,000 5/2,2,2,0 2001/SLR 5541/A
SB14234309 SFR/D 839 2nd ST  $ 7,100,000 7/6,0,0,0 1947/ASR 6020/S
SB15013611 TWNHS/A 29 Catalina CT  $ 895,000 2/2,0,0,0 1984/ASR 1465/A
SB15010336 TWNHS/A 14 Dover PL  $ 1,435,000 3/2,0,1,0 1987/ASR 2042/A
PW15035682 TWNHS/A 5 Malaga  W  $ 1,449,000 3/2,0,1,0 1984/BLD 2064/B
SB15025842 SFR/D 1551 23rd ST  $ 1,500,000 3/2,0,0,0 1968/ASR 2046/A
SB15034938 SFR/D 1304 Lynngrovee DR  $ 3,199,900 5/5,0,1,0 2015/BLD 3746/B
SB15036473 SFR/D 1321 21st ST  $ 4,499,900 5/5,0,1,0 2015/BLD 5061/B
SB15049184 SFR/A 1160 11th ST  $ 1,299,000 4/2,0,0,0 1949/ASR 1205/A
SB15050764 SFR/D 1727 Curtis AV  $ 1,749,000 3/2,0,1,0 2015/SEE 2172/A
14798245 SFR 1226 10TH ST  $ 1,750,000 5/4,0,0,0 1944 3434
SB15037876 SFR/D 1220 Keats ST  $ 1,800,000 3/1,1,0,0 1953/ASR 1262/A
SB14242203 SFR/D 1127 5th ST  $ 2,195,000 5/3,0,0,0 1947/ASR 2822/A
SB15033654 SFR/D 1521 2nd ST  $ 2,499,000 5/3,0,1,0 2010/SLR 3299/S
SB15052082 SFR/D 1612 5th ST  $ 2,500,000 5/3,1,0,0 1991/APP 4400/AP
SB15034915 SFR/D 1131 6th ST  $ 4,499,900 5/2,3,0,0 2015/BLD 5022/A
PW15038378 SFR/D 1561 Mathews AV  $3,400,000 6/7,0,0,0 2015/BLD 5200/B

Only 25 Homes for Sale in All of Manhattan Beach

While the market is always slow over the holidays and homeowners often take their homes off of the market for a few weeks, the inventory in 1740 2ndManhattan Beach has reached a new low.  As of January 5th there are only 28 homes for sale in all of Manhattan Beach.

Compare that with a high of 189 homes for sale in May of 2010 and you can see just how drastic the market changes have been.  Even the summer months (with traditionally the highest inventory as it’s a peak buying season) had 68 homes for sale during the months of July and August.

So what does this mean?…..well that depends on which side of the market you’re on

For sellers the demand is incredible.  Prices are at peak levels, sellers are receiving multiple offers on homes priced at market value, buyers are willing to overlook the usual challenges such as busy streets, homes needing updates, and homes with ideal locations or potential are having some amazing bidding wars.  See our recent post on the walkstreet, half lot home that sold for almost $600K over list price.  If homeowners have given any thought to selling their home, regardless of area, condition and location, it’s an ideal time to sell.

For buyers the market has been incredibly challenging with some buyers simply taking a break from the madness. Builders are buying any home in Manhattan Beach that hasn’t been built in the past 25 years at big numbers, buyers are lined up in certain neighborhoods waiting for the next listing to hit the market (if the home even hits the market as pocket listings are becoming more common in this market) and entry level homes no longer exist.

In this market buyers have to be aggressive if they really want to own a home in Manhattan and need to be even more aggressive for premier properties.  Knowing about homes the minute they hit the market, or even before is critical and understanding pricing can make all the difference.

Contact us if you are an eager seller, or frustrated buyer, as we have a deep understanding of the market and can certainly help.