It’s been a while since we’ve seen multiple months of rising home inventory in Manhattan Beach but it seems to be heading in the right direction. Near all time lows in December, the number of new listings cotinues to slowly increase. The Manhattan Beach sand section saw the biggest jump in new listings. As of 3/23/18 there are 49 active homes for sale in the sand section, up from 27 in December, 20 active listings in the tree section up from 16 in December and 12 homes for sale in East Manhattan Beach up from 8 in December. This level of inventory is still well below the norm, but is trending in the right direction.
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.
|Year over Year % Change%|
|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%|
Located in the highly sought after sand section and just a block to the beach, this recent listing built by Matt Morris offers 2500+ square feet of modern elegance and big ocean views. Priced at $5,250,000. Contact us for more information or for a private showing.
A unique modern home with New York City loft vibe, surely to become one of Manhattan Beach’s most Iconic properties. Built by Matt Morris Development along with John Starr Design Group, this stylish home will stun you at every turn. High end finishes and attention to detail throughout; Dramatic exterior; breathtaking, unobstructable whitewater ocean views from Palos Verdes to Malibu. Located just a few homes from the sand on one of the most coveted south facing corners in Manhattan Beach.
We're sorry, but we couldn't find MLS # SB17017727 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
This Silicon Bay modern masterpiece is the finest home to ever hit the market in the Hill Section. Designed by Jon Starr, this exceptional 5,600 s.f. home features 6 bedrooms, 7.5 baths, 2 family rooms, a gym and an office over 3 magnificent levels. The panoramic ocean views and suspended mahogany trellis spans the entire top floor from the rear ocean view BBQ deck, thru the interior space to the large exterior ocean view front deck. The great room features travertine fireplace wall, stone slab flooring, integrated storage and seating, cantilevered dark sandstone bar, refrigerated glass wine wall, gourmet kitchen with Miele professional appliances, Calcutta slab counters, and breakfast nook seating. Mid-level entry opens to foyer with white oak flooring and signature floating stairwell, Master suite with mahogany paneling and built-ins, marble fireplace, his and her walk-in closets, custom build out and under counter LED lighting strips. Ocean view master bath features floor to ceiling vein cut marble, back lit suspended mirrors, Fantini fixtures, free standing tub and spa shower. 3 secondary suites, family room with large built ins off a covered patio with built in seating around fire pit, large grassy yard, stainless out door kitchen and in ground infinity spa. Bottom floor features sky-lit gym, hemlock sauna, deluxe custom bath with steam shower, 2 additional bdrm suites, a 2nd laundry room and mudroom lead to a large 4 car garage. Too many extras to mention.
We're sorry, but we couldn't find MLS # SB16745356 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
By Keith Kyle
One of the real housing inventory shortages over the past few years has been in Manhattan Village. While there have been some townhomes for sale there have been almost no single family homes available. The last MLS sale for a single family home in Manhattan Village was in January of 2016 and the only sale in all of 2015 happened in April of that year. Manhattan Village is one of the only gated communities in the area and offers “court” homes (multiple townhome style units with nobody above or below), townhome units and single family estate homes. While there have been a healthy inventory of the townhomes, the single family homes are few and far between.
It’s surprising to see that 1032 6th Street in Hermosa Beach is still on the market as we liked it when it first hit the market and still think it’s a great property. Part of the challenge for this home is that it’s competing with new construction townhomes built by Lazaar Design+Build just a block away at 1072 & 1074 7th Street and 2 homes on Pine, but given the great views and beautiful details it’s still surprising that it remains for sale. The home has a great open feel and floorplan, beautiful ocean views and unlike most townhomes, it has a small yard area. This fully detached townhome looks and feels like a single family home and is definitely worth a look.
We're sorry, but we couldn't find MLS # SB16135313 in our database. This property may be a new listing or possibly taken off the market. Please check back again.