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

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Inventory Down and Prices Up In East Manhattan Beach

By Keith KyleManhattan Beach Homes

The real estate market in Manhattan Beach continues to be dictated by record low inventory and there doesn’t seem to be any indication that will change in the near future. Historically inventory picks up mid to late January after the Superbowl when potential home buyers restart their searches and homeowners hope to take advantage of the increase in buyers. With the demand for homes in Manhattan Beach never waning, even through the traditional slowdown of the holidays, there’s been no reason for sellers to wait to list their homes…and no indication we’ll see any dramatic increase anytime soon. The chart below shows the combined areas that make up East Manhattan Beach with the light green line indicating active listings, the red bar pending home sales, and the dark green representing closed sales.

East Manhattan Real Estate Trends

Hermosa Beach Home Inventory Hits a 10 Year Low

By Keith Kyle

If you’re a home buyer looking for a home in Hermosa Beach no doubt you’re frustrated.  Why is it so difficult to find a home in this coastal community?   The reason is simple….there are none.  That may be a slight exaggeration but not by much as December saw the fewest number of active listings in over 10 years.  Although January numbers were not reflected in the chart below as of this posting, the number of homes currently for sale in Hermosa as of January 28th is now down to 28 including all single family, townhome and condos.  With a market so favoring sellers, peak prices, multiple offers and more, it’s becoming difficult to understand why more owners are not listing and selling their homes.

El Segundo Townhome Search

By Keith  KyleTownhomes in El Segundo

El Segundo CA has a wonderful small town feel and it is the combination of this sense of community and the location that makes it so special.  Between the excellent school system an the charming feel of Main Street it is an ideal place to call home for those wanting to be near the big city, but to close to  Los Angeles.  El Segundo is conveniently located near major freeways, LAX, and the beautiful beaches of the South Bay and has a variety of housing options at a much more affordable price than neighboring Manhattan Beach.

Current Townhomes for Sale in El Segundo.

  1. 2 beds, 4 baths
    Home size: 1,005 sq ft
    Lot size: 2.01 ac
    Year built: 1966
    Days on market: 1
  2. 4 beds, 4 baths
    Home size: 2,080 sq ft
    Lot size: 1.59 ac
    Year built: 2006
    Days on market: 43
  3. 2 beds, 2 baths
    Home size: 1,258 sq ft
    Lot size: 13,406 sqft
    Year built: 1979
    Days on market: 69
  4. 4 beds, 3 baths
    Home size: 1,699 sq ft
    Lot size: 11,405 sqft
    Year built: 1991
    Days on market: 78
  5. 2 beds, 2 baths
    Home size: 1,177 sq ft
    Lot size: 37,106 sqft
    Year built: 1978
    Days on market: 323

See all Real estate in the city of El Segundo.
(all data current as of 11/23/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.