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%

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%

Manhattan Beach Home Sales and Housing Prices for November 2016

By Keith Kyle

Manhattan Beach posted some solid home sales numbers in November 2016 with 38 homes selling at a median price of just over $1,862,000 which was up slightly over November of the previous year.  It was below the high points of the year but was still another solid month.  To see the home sales in Manhattan Beach click here.

City Homes
Sold
November
2016 Median
November
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%
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%
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%

Declining Housing Inventory Continues in Manhattan Beach

By Keith Kyle

Just when it started to appear that inventory was finally on the rise, it quickly peaked and dropped down to very low levels once again. The chart below shows all of Manhattan Beach real estate as well as the rest of the South Bay and Palos Verdes areas for the past year.  We saw a peak in July wth 1,726 active homes for sale, but have steadily declined since and are not nearing the low point of last December.  Inventory generally picks up after December and hopefully the general trend of inventory steadily rising until mid summer continues.  To housing market chart for just Hermosa Beach is at the bottom of the page.


Housing market trends for Manhatttan Beach very much followed the same patterns as the South Bay with peak numbers of homes for sale during the summer months and declining ever since.

Manhattan Beach Home Sales for April 2016

By Keith Kyle756 36th

The April home sales numbers and median prices were once again impressive in Manhattan Beach and throughout most South Bay cities. Some cities saw a drop in median prices from the previous year but all are still trending upwards from 2015.

The luxury real estate market of Manhattan Beach saw 35 closed sales in April of 2016 with a median home price of $2,200,000 which was well ahead of 2015 in which the median price in April was $1,880,000.

Visit our South Bay real estate site to see the recent home sales in Manhattan Beach and the South Bay.

City Homes Sold April 2016 Median April 2015 Median Year over Year % Change%
Carson 59 $426,000 $414,000 2.9%
El Segundo 13 $900,000 $787,000 14.3%
Gardena 39 $445,000 $395,000 12.7%
Harbor City 14 $517,000 $412,000 25.6%
Hawthorne 43 $552,000 $484,000 14%
Hermosa Beach 22 $1,333,000 $1,450,000 -8%
Lawndale 17 $400,000 $410,000 -2.4%
Lomita 19 $475,000 $485,000 -2.1%
Long Beach 331 $440,000 $425,000 3.5%
Manhattan Beach 35 $2,200,000 $1,880,000 17%
Marina Del Rey 29 $874,000 $940,000 -7%
Palos Verdes Estates 41 $1,365,000 $1,537,000 -11.2%
Playa Del Rey 19 $705,000 $427,500 64.9%
Rancho Palos Verdes 46 $941,000 $1,040,000 -9.5%
Redondo Beach 102 $904,000 $844,000 7.1%
San Pedro 49 $490,000 $448,000 9.4%
Torrance 147 $590,000 $590,000 0%
Westchester 32 $915,000 $873,000 4.8%

March 2016 Median Home Prices for Manhattan Beach and the South Bay

By Keith Kyle

The numbers for March are in and it was another big month for home prices and home values in Manhattan Beach.  The median home price in this highly demanded coastal community was $2,275,000 and seems to just keep climbing.  There were 41 homes sold in Manhattan Beach CA or the month which is fairly typical over the past few months.

City Homes
Sold
March
2016 Median
March
2015 Median
Year
over Year % Change%
Carson 54 $447,500 $426,500 4.9%
El Segundo 10 $1,006,000 $849,000 18.5%
Gardena 58 $475,000 $403,500 17.7%
Harbor City 14 $450,000 $455,000 -1.1%
Hawthorne 36 $513,000 $642,000 -20.2%
Hermosa Beach 16 $1,183,000 $1,310,000 -9.7%
Lawndale 10 $385,000 $447,000 -13.9%
Lomita 11 $530,000 $481,000 10.1%
Long Beach 327 $478,000 $414,000 15.3%
Manhattan Beach 41 $2,275,000 $1,940,000 17.3%
Marina Del Rey 18 $1,025,000 $860,000 19.2%
Palos Verdes Estates 28 $1,355,000 $1,400,000 -3.2%
Playa Del Rey 18 $560,000 $546,000 2.6%
Rancho Palos Verdes 56 $1,156,250 $1,044,500 10.7%
Redondo Beach 89 $893,000 $862,000 3.7%
San Pedro  80 $554,000 $481,000 15.1%
Torrance 133 $615,000 $530,000 16%
Westchester 25 $910,000 $854,000 6.6%

Nice Opportunities in Manhattan Village

By Keith KyleManhattan Village Estate Homes

There have been some new listings making an appearance on the real estate market in Manhattan Village making for one of the few neighborhoods in all of the Beach Cities with any inventory.

As of this post there are 4 homes for sale in Manhattan Village, one of the few gated communities and a very unique setting in this up scale beach town.  Contact us to arrange private showings for any of the homes.

Current Homes for Sale

Sorry, but we couldn't find any results in the MLS that match the specified search criteria.

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 

 

 

 

Average Home Sales Price Nearing $3,000,000 in Manhattan Beach

By Keith Kyle

1631 19th Street sold at $2.725M

1631 19th Street sold at $2.725M

The December numbers are in and if there was any thought that the real estate market in Manhattan Beach was leveling the numbers certainly say otherwise.

The average home price in Manhattan Beach for the homes that closed escrow during December was $2,766,567 with a median price of $2,184,000.  That’s a fairly incredible number that still shows no sign of slowing or reversing.   The reasons are the continued demand with a limited supply of new listings, combined with an abundance of new construction homes that are fetching record prices.  See the chart below for the December home sales numbers for Manhattan Beach and the South Bay for December of 2015.

City Homes
Sold
December
2015 Median
December
2014 Median
Year
over Year % Change
Carson  73 $360,000 $365,000 -1.4%
El Segundo 10 $949,000 $735,000 20.2
Gardena 41 $420,000 $385,000 9.1%
Harbor City 15 $483,000 $467,000 9.1%
Hawthorne 35 $508,500 $667,750 -23.8%
Hermosa Beach 24 $1,475,000 $1,360,000 8.5%
Lawndale 13 $420,000 $415,000 1.2%
Lomita 16 $520,000 $490,000 6.1%
Long Beach 339 $456,000 $395,000 15.4%
Manhattan Beach 34 $2,184,000 $1,689,000 29.3%
Marina Del Rey 31 $905,000 $759,000 19.2%
Palos Verdes Estates 29 $1,456,000 $1,150,000 26.7%
Playa Del Rey 17 $605,000 $482,000 25.5%
Rancho Palos Verdes 48 $1,170,000 $1,135,000 3.1%
Redondo Beach 89 $826,250 $770,000 7.3%
San Pedro 72 $517,500 $492,000 5.2%
Torrance 133 $597,000 $562,000 6.3%
Westchester 34 $951,000 $807,500 17.8%

No Real Estate Holiday in Manhattan Beach in December – Home Sale Frenzy Continues

By Keith Kyle340 Via Colusa Hollywood Riviera

December never seems to be a slow real estate market here in the South Bay and Manhattan Beach and this December was no exception.  A very active real estate market was once again the case in this luxury coastal community.  Below are the home sales in December of 2015.  To see the recent home sales in nearby Hermosa Beach, Redondo and the South Bay click here.  While the number of homes sold was slightly down the prices just continue to rise.  In addition to the homes below the market continued to see an abundance of off market sales and pocket listings with several Manhattan Beach homes never even making it to the market.

MLS Type   Address  Price  Bed/Bath Year Built Sq Feet
SB15229160 SFR/A 116 Seaview ST  $  1,799,000.00 3/2,0,0,0 1959/ASR 1320/A
SB15179858 SFR/D 513 Longfellow AV  $  1,800,000.00 4/3,0,0,0 1947/ASR 1922/A
SB15201834 SFR/D 518 24th ST  $  1,920,000.00 2/1,0,0,0 1941/ASR 982/A
SB15112492 TWNHS/D 85 Bayview DR  $  2,625,000.00 3/3,0,0,1 1995/ASR 2078/A
SB15225845 TWNHS/D 3016 Highland AV  $  2,660,000.00 4/4,0,0,0 2000/ASR 2293/A
OC15229535 SFR/D 2600 Highland AV  $  3,100,000.00 1/1,0,0,0 1957/ASR 840/A
SB15103391 SFR/D 224 19th ST  $  5,650,000.00 5/3,1,1,0 1996/ASR 4310/T
SB15200297 TWNHS/D 808 The Strand  $  8,500,000.00 4/4,0,1,0 2015/BLD 2911/B
SB15213002 SFR/D 2505 N Poinsettia AV  $  1,688,888.00 3/2,0,1,0 1958/ASR 1780/SEE
SB15155161 SFR/D 2622 Maple AV  $  1,800,000.00 2/1,0,0,0 1947/ASR 918/A
SB15171030 SFR/D 2416 Elm AV  $  1,890,000.00 4/3,0,0,0 1960/ASR 2054/A
SB15221301 SFR/D 591 29th ST  $  1,905,000.00 3/2,0,0,0 1950/ASR 1200/E
SB15220803 SFR/D 835 17th ST  $  4,780,000.00 6/5,0,1,0 2006/ASR 5890/A
SB15168433 SFR/D 706 Anderson ST  $  1,733,000.00 3/2,0,0,0 1969/ASR 1900/S
SB15189951 SFR/D 319 S Dianthus ST  $  1,950,000.00 3/1,0,0,0 1935/ASR 1237/A
SB15238474 SFR/D 1015 Boundary PL  $  2,150,000.00 3/2,1,1,0 1956/ASR 2440/A
SB15225882 SFR/D 613 6th ST  $  3,275,000.00 3/2,0,0,0 1948/ASR 1386/A
SB15205663 SFR/D 815 2nd ST  $  4,275,000.00 5/4,0,2,0 2007/ASR 4722/A
SB15241741 SFR/D 937 8th ST  $  5,350,000.00 5/5,0,1,0 2015/SLR 5151/AP
SB15232356 TWNHS/A 25 Tiburon CT  $      885,000.00 2/2,0,0,0 1987/ASR 1465/A
SB15199567 SFR/D 1621 23rd ST  $  1,140,000.00 3/1,0,0,0 1952/ASR 1004/A
SB15221012 SFR/D 1500 Nelson AV  $  1,275,000.00 2/1,1,0,0 1952/ASR 1594/A
SB15178529 SFR/D 1751 Curtis AV  $  2,150,000.00 5/3,1,0,0 1993/ASR 3749/A
SB15123531 SFR/D 1150 2nd ST  $  2,218,000.00 4/3,0,1,0 1987/ASR 3710/A
SB15218243 SFR/D 1561 Gates AV  $  2,236,000.00 5/4,0,2,0 1988/ASR 4373/A
SB15244328 SFR/D 1649 9th ST  $  2,499,000.00 6/4,0,1,0 2003/ASR 4459/A
SB15156801 SFR/D 1524 Mathews AV  $  2,910,000.00 5/5,0,1,0 2015/ASR 4684/B
SB15215363 SFR/D 1156 6th ST  $  3,300,000.00 3/3,0,0,0 1949/ASR 1560/A