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 Place Like Home for Holidays – But Not Too Many Homes To See

There may be no place like home for the holidays, but if you’re hoping to visit open houses in Manhattan Beach this 116-25th-Street-Manhattan-Beachweekend there won’t be too much to see.  The open houses in the Beach Cities and South Bay are just as limited as things slow down for the holidays.

Here’s the open houses in Manhattan Beach this weekend.

 

Days Hours Address Details Price
Sun 1-4pm 36 Malaga Place E, Manhattan Beach 3 BD, Manhattan Village $1,425,000
Sat 1-4pm 461 S. Prospect, Manhattan Beach 4 BD, 3.5 BA, 8,714 SF Lot $1,900,000
Sun 1-4pm 1765 Curtis Ave., Manhattan Beach 5 BD, 3.75 BA, 3,873 SF $2,195,000
Sun 2-4pm 907 Harkness, Manhattan Beach Nice East Manhattan Home $2,295,000
Sat/ Sun 1-4pm 1304 Lynngrove Dr., Manhattan Beach 5 BD, 5.5 BA, New Construction $2,999,900
Sun 1-6pm 201 Larsson St., Manhattan Beach 4 BD, 4 BA, Ocean & City Views $3,399,000
Sat/ Sun 2-4pm 756 36th St., Manhattan Beach New Construction Coastal Plantation Style Home,
6 BD, 6.5 BA
$3,579,000

A Bank Owned Home in Manhattan Beach? 665 33rd Street in the Tree Section

By Keith Kyle665 33rd Street Manhattan Beach

It’s been quite a while since we’ve seen a bank owned home in Manhattan Beach.  There are still a limited number of foreclosures in the South Bay, but qith homes now valued beyond the former peak and prices rising daily in Manhattan Beach it would seem almost impossible that someone would be foreclosed on but this is clearly a remnant of a market significantly different just 2 years ago.  With the foreclosure process taking a long time we’re just now seeing this on the market.

ML#:   PV15097990 
APN:   4174006035 
List Price:   $1,950,000 
Price Per Sqft:   $891.22 
County:   Los Angeles 
Property Type:   Single Family Residence (D) 
Bedrooms:   3 
Bath(F,T,H,Q):  3,0,0,0 
Sqft (Src):   2,188 (Assessor’s Data) 
Ac/LotSqft (Src):   0.124/5,390 (A) 

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