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.

Luxury Ocean Front Home for Sale at 4020 Bluff Place

Located at 4020 Bluff Place on the Palos Verdes Peninsula in the city of San Pedro, this magnificent oceanfront home is perched on the bluffs high above the Pacific Ocean and Cabrillo Beach.  For the buyer priced out of the Strand in Manhattan Beach, or the cliffs of Palos Verdes this is an incredible opportunity at a fraction of the cost.  Compare this to oceanfront prices starting at $5.0M in Palos Verdes,  $4.5M price in Redondo Beach, and  $13.0M in Hermosa and Manhattan Beach.


The dynamic views are completely unobstructed and extend to Dana Point and even north San Diego on especially clear days. The surf is literally in your backyard where you’ll hear the crashing waves, watch as kite surfers an sailboats ply the waters and enjoy the harbor lights in the evening.    The beautiful custom home was built in 2000 and was extensively remodeled  in 2011. It is one of a kind and offers the feel of a luxury hotel….with unparalleled views.  Surrounded by mature landscaping and a very limited number of neighboring properties, the home affords a sense of privacy and seclusion not often found in the South Bay.  The ground floor offers a spacious and open floor plan with lovely new hardwood floors, marble fireplace, and spacious living and dining rooms…all with spectacular views. The open kitchen has all new stainless steel appliances, custom white wash cabinets, and new Italian marble countertops. The 30 foot wide floor to ceiling sliding glass doors open onto the expansive entertainment deck and the ocean beyond.  The ground floor also offers a sizable bedroom with it’s own bathroom which is perfect for guest or owners needing a ground floor bedroom.  The entire second floor is divided into two huge, finely appointed master suites with a kitchenette in between.   Imagine being greeted every morning with an ocean view that will leave you breathless.  The upper floor also enjoys an oversized balcony perfect for sitting and relaxing.  With over 1000 sq ft of decks enjoy one of the most beautiful stretches of So Cal coastline!  Cabrillo Beach is in full view and just a short walk from the house.  For additional photos visit www.OceanfrontExecutiveRetreat.com

Call or text listing agent Keith Kyle for information or a private showing.  310-251-2344 & Keith@KeithKyleHomes.com

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Home Details:

  • Priced at $2,000,000
  • 3 bedrooms, 3 baths
  • Built in 2000
  • 2,389 square feet
  • 8,912 foot lot
  • 2 car garage

stairs_pictureKeith Kyle – Realtor

South Bay Brokers Top Producer

310-251-2344, 310-546-7611 x366 (office)

Keith@KeithKyleHomes.com

2501 N Sepulveda, Manhattan Beach, CA 90266

Ocean View Off Market Opportunity at 220 35th St in the Manhattan Beach Sand Section

By Keith Kyle

We were recently notified about a spectacular home coming to market in September located at 220 35th Street in Manhattan Beach.  This is a modern masterpiece enjoying the best of all worlds including top of line finishes, fantastic ocean views, walk street location and inspired design.  The home will not be listed until September but according to the listing agent sellers will consider offers prior to listing.  The home is expected to be listed at $5,995,000 by Dave Fratello of Confidential Real Estate.  Contact us or call/text us at 310-251-2344 for more information or to set up a tour prior to the home going on the market.

Update:  This home sold off-market and is no longer available.

220 35th St. Manhattan Beach CA

Manhattan Beach Modern

This epic coastal modern home designed and built by Steve Lazar has everything for the luxury beach lifestyle: Ocean views and breezes, fabulous entertaining spaces and top-of-the-line everything.

Completed in 2008, this warm, custom-built property was elegantly upgraded post-purchase by the owners with designer finishes, custom lighting and audio systems, built-ins and a full-feature Crestron smart-home automation system (audiovisual,
HVAC, lighting, security and more).

Home Details:

Interior: 4br/5ba, approx. 4200 sq. ft.
Lot: 2700 sq. ft.
Built: 2008, upgraded by owners

Asking price: $5,995,000

Property on waiver. Sellers would review any offers before MLS listing.

 Information provided by Dave Fratello of Confidential Real Estate

With Builders Buying Everything in Manhattan Beach…is there anything left for Buyers?

By Keith KyleEast Manhattan Beach homes

There is no question that due to the incredible rise in prices and the demand for new construction luxury homes, Manhattan Beach is definitely in a full blown building frenzy.  Any original bungalow or “starter” home is quickly bought by builders with all cash, non contingent offers  This was similar to the environment from 2005-2007 and it adds to the already challenging environment for home buyers.

So how is a buyer to compete?

The solution is to either be very patient, or very aggressive with offers and offer prices.    In a seller’s market it always poses a real challenge to buyers but when builders begin buying all of the lowest priced homes, it adds an entirely different pressure on the market.  Builders are generally fairly cautious with their numbers and unwilling to overpay, but in a market in which new home prices are beyond record levels, builders are willing to take risks on even marginal properties.

Home buyers do have the ability to come to the negotiating table with a different perspective, however.  This ability to consider long term aspects may be the one advantage that they have.  Home buyers in this luxury coastal community may need to overpay somewhat but can take confidence that even when the bubble burst several years ago, prices did not drop severely.

Pocket and Off Market Listings in Manhattan Beach May Be Best Bet for Buyers

By Keith KyleLivingrom-View-small

It seems that in the luxury home market of Manhattan Beach, CA the only way to successfully buy a home may be to find out about it before it goes on the market.  With the record low inventory and pent up demand for housing in this upscale coastal community we are seeing many listings see many listings selling almost immediately with multiple offers, often all cash and well over the list price.  So how does a buyer compete?  It may come down to just how well connected your realtor is…

In a normal market knowing about listings immediately is critical, but in this market that may just be too late.  It pays to find a successful local realtor that may have the inside track into “pocket” listings, or listings that haven’t come on the market yet.  We strive to help our buyers find a home through the traditional home search on the MLS, to customized daily updates, to actively seeking out off market listings.  If you would like our help please fill out the brief form below and we can start helping you with your home search.

Send Me Off Market and Pocket Listings

  • Tell Us About Your Ideal Home

 

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4227 Pascal Place, Palos Verdes Peninsula – Exclusive Home Listing

This stunning Academy Hill home offers an inviting floor plan with open spaces bathed in natural light.   Unlike many homes in the area, all 4 bedrooms are on the second level allowing for large and open areas on the lower level.   Upon entering you are immediately welcomed by the openness created by the owners for family and social living.  The living room offers a beautiful updated fireplace for those cool winter evenings and is the perfect place to sit down and relax.  The remodeled kitchen features custom cabinetry, stainless Kitchen Aid appliances and gleaming granite counters perfect for entertaining.  If that’s not enough the kitchen opens to both the formal dining area as well as the family room and even offers beautiful city views.  The formal dining room has been updated with a more modern feel and is the perfect blend of formal and informal living an also enjoys big views.  The family room is the perfect gathering spot at the end of the day and has picture windows to allow plenty of light and access to the backyard and patio.  Summer days and warm winter nights can be enjoyed in the backyard and patio with ample privacy, tranquility and fantastic canyon and city views.  Contact us for more information or for a private showing.

 

Pocket and Off Market Listings in Manhattan Beach CA

By Keith KyleManhattan Beach Pocket Listings

With inventory at near record lows and even overpriced homes seeming to sell quickly and with multiple offers, how are buyers supposed to find a home in the luxury market of Manhattan Beach?

In this day and age, with buyers searching online, and just about every bit of information being available on the home search sites the minute they come on the market, the answer may come down getting the information before others do…….so how do you get access to these off market homes, pocket listings, and upcoming listings?

The answer lies with finding the right local real estate expert…usually an agent that has worked in the specific market for some time with access to networks and information.  We generally hear of 5 – 10 “off market” or pocket listings a week through various channels, partners within our company and networks with agents throughout the area.   Other agents trust us with this information as they trust us and know that we often have buyers that may be looking for just what they’re selling.  In addition we will often share our upcoming listings with these same trusted agents and it’s often a win-win for all involved.

With so many homes selling off market or prior to being listed, it may be the only way to have an advantage in this market.  If you are interested let us know precisely what you are looking for fill in our Manhattan Beach pocket listing request, or contact us directly.  Unlike traditional home searches it’s critical to not only know just what you are looking for, but to be ready to act the moment the home hits the market so we highly recommend getting prequalified if there is a loan and having everything in order and ready to go.

Send Me Off Market and Pocket Listings

  • Tell Us About Your Ideal Home

 

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