Recent Flip on Wendy Way Shows the Market Is Alive and Well

By Keith KyleMature trees and corner lot located in Liberty Village.

Luxury high-end flips have become fairly common in Manhattan Beach with prices skyrocketing and demand for “newer” feeling homes at an all time high.  Nowhere was this clearer than the recent sale at 1727 Curtis which sold in December 2014 for $1,050,000 and just resold in mid April for a whopping $1,749,000.  

There are still a number of original bungalow type homes in the area and most of the time they are sold to builders, torn down and a enormous new home is put in it’s place. There are some cases, however, where the square footage may make it worth more than a builder wants to pay, and makes for an attractive option for luxury remodels. That’s the case with the home at 2209 Wendy Way. Purchased in 2015-04-14 17.57.43November 2014 for $1,250,000 the home has gotten a beautiful makeover and hit the market several months later at $1,749,000. Unlike many of the past flipped homes in which the original purchase price was very low, this will be a good test as the builder purchased the home at a bit of a premium price for the location. They did a wonderful job of modernizing the home and layout, with high end finishes and a great feel, but the location is less than ideal and the asking price is certainly on the very high side in the Liberty Village neighborhood the home is in.   The home just went into escrow as April 21st but the sales price isn’t known as of this article.    Only time will tell but this may help determine just how eager flippers are to take on future projects.

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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

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