4 Homes Under $1,000,000 in Manhattan Beach

By Keith KyleBeach Bungalows

In the luxury real estate market of Manhattan Beach it isn’t overly common these days to find anything priced below $1,000,000.  The obvious reason is the demand for homes in this coastal community has never been stronger.  Another reason is that just about any “original” beach type bungalow that comes around is often snatched up by builders looking to flip or, more likely, to replace with a 4000 foot single family home.  The third reason is that condos are almost non-existent with zoning allowing primarily single family homes with a scattering of townhomes mixed in which eliminates the entry level type condo.  At the moment, however, there are 4 homes for sale priced below $1,000,000.  If you’re interested in learning more or even taking a look please don’t hesitate to contact us.

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

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

 

Verification

Liberty Village – Manhattan Beach’s Most Affordable Neighborhood

By Keith KyleEast Manhattan Beach homes

Located in the section of Manhattan Beach known as “East Manhattan”, Liberty Village remains the most affordable neighborhood in this luxury real estate market.  One of the primary reasons for this affordability is that, unlike many of the other neighborhoods or “sections” many original homes built in the 40s and 50s still remain. As proximity to the beach is one of the driving factors in price, Liberty Village is the furthest east that Manhattan reaches.  Lot sizes are often smaller than other areas of east Manhattan and are generally just a little below 5000 sq feet which is significant as the demand for land from builders is considerably less than the larger lots found to the south.  As with all neighborhoods in this prosperous city, the schools rank in the top of the country, streets are charming and the area has a very safe and family friendly feel.  Although the concept of $1,000,000+ starter homes is likely to raise eyebrows in most markets, prices generally hover around this mark and are the most affordable single family homes in Manhattan Beach.

The homes below include the Manhattan Heights area as well.   Click here to view only the Liberty Village homes for sale.

Current homes for sale in East Manhattan – Manhattan Heights and Liberty Village

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

 

OK….The Superbowl is Over and Manhattan Beach Open Houses are Back

Now that the Superbowl is behind us we can get back to our weekend open houses and this weekend has some great homes to see in Manhattan Beach. The list below is for the weekend of February 8th and 9th. Click here for updated open house information for other dates or other South Bay Cities including Hermosa Beach, Redondo and Torrance.

Manhattan Beach open houses for the weekend of February 8th and 9th

Days Hours Address Details Price
Sun. 2-4pm 3601 N. Pointsettia Ave. 3 BD, 1 BA, 1,070 S.F. $1,199,000
Sun. 1-4pm 1650 22nd St. 3 BD, 2 BA, Remodeled $1,249,000
Sat. / Sun. 2-4pm 1536 Marine Ave. 4 BD, 2 BA, “Behind The
Hedges”
$1,250,000
Sat. / Sun. 1-4pm 1701 Pacific Ave. 4 BD, 2 BA $1,500,000
Sat. 12-3pm 768 26th St. 3 BD, 2 BA, Charming Beach
Cottage, Approx. 1,500 S.F. w/ Pool
$1,699,000
Sat. / Sun. 12-4pm, 12-2pm 801 11th St. 4 BD + Office / 3 BA $1,970,000
Sun. 1-4pm 1161 2nd St. 5 BD, 4.5 BA, Beautiful Craftsman
Style Home
$1,980,000
Sun. 1-4pm 3521 Palm Ave. 4 BD, 3 BA $1,995,000
Sat. / Sun. 2-4pm, 3-5pm 1144 Walnut Ave. 5 BD, 4 BA + Office / Studio,
Tree Section
$2,149,000
Sun. 2-4pm 2912 Pine Ave. 5 BD, Home $2,175,000
Sat. / Sun. 1-4pm 210 Tarraza Pl. 3 BD, 3 BA, 2,147 S.F. Home
on a 1/2 Acre, 1st Time on Mkt Since 1961
$2,500,000
Sat. / Sun. 1-4pm 1733 Pine Ave. 5 BD, 5.5 BA, New Construction,
3,115 S.F.
$2,749,000
Sat. / Sun. 2-4pm 408 32nd St. 4 BD, 4 BA, New Listing, 2,340
S.F.
$2,800,000
Sun. 12-3pm 880 11th St. 5 BD, 4.5 BA, 4,100 S.F., Stunning
Tuscan Family Home on Lg. corner Lot
$2,850,000
Sun. 1-4pm 445 35th St. 5 BD, 4.5 BA + Office &
2 BD + 1 BA, 2 Homes on 2 Lots
$3,775,000
Sat. / Sun. 1-4pm 2903 Manhattan Ave. 3 BD, 4 BA, Amazing Views $5,000,000

This Weeks Lowest Priced Home in Manhattan Beach CA

January 21st 2014

By Keith Kyle

Many home buyers contact me searching for their future home in Manhattan Beach.  Unfortunately the average home price often makes their hoped for home challenging, if not impossible.  With a median home price near $1.2M there isn’t much in the way of “starter homes”.  Currently there is one condo on the market priced under $500,000 which is a rare occurance in this luxury market.   1520 Manhattan Beach Blvd #D is a 2 bedroom 1 bath condo across from Poliwog Park in East Manhattan Beach

We're sorry, but we couldn't find MLS # SB13161944 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

No Single Homes For Sale in Manhattan Beach Under $1,000,000

“Starter” Homes in Manhattan Beach Harder and Harder to Find

By Keith Kyle

For the first time in quite a while there are no single family homes currently active for sale in any area of Manhattan Beach priced under $1,000,000.

Currently there are 5 single family homes in escrow that are priced under $1,000,000 with almost all exclusively in the Liberty Village area which is the most affordable neighborhood in Manhattan Beach.  Gone may be the days of homes in the sub $1,000,000 range.  Below are the current homes in escrow (as of 12/18/13) and below is a historical chart showing the past 3 years of homes below $1.0M.

Manhattan Homes Under $1M

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