While it’s not scheduled to go “active” for a bit, it’s great news to see an upcoming listing in Manhattan Village The latest listing in the gated community of Manhattan Village is a plan 7 townhome offering a spacious layout with 3 bedrooms, three baths and approximately 2,042 square feet of living space. Features of the plan 7 layout include separate living room and family room, private patio and all three bedrooms on the second level.
The Sand Section of Manhattan Beach is often the area most people see when they visit. Big ocean views….walk to the beach….near constant beach breezes….it’s the epitome of luxury coastal living. Demand for homes in the sand section remained high in 2018 with 133 home sales during the year.
Median list prices for homes during the year were $2,980,000 with the median sales price at $2,925,000. Average list price was just over $3,746,000 with the average sales price at $3,596,000. As is always the case with the sand section the numbers were skewed a bit due to some oceanfront Strand homes priced well into 8 digits with the highest sale at a stunning $17,400,000 while 108 The Strand closed out the year at $15,250,000.
2018 Manhattan Beach Real Estate….The Numbers
Date
January
Feb
March
April
May
June
July
August
Sept
Oct
Nov
Dec
For
Sale
29
42
46
50
51
51
49
49
49
49
36
27
New
Listing
17
29
22
18
21
26
25
14
18
18
7
6
Sold
7
5
13
11
11
16
16
15
10
12
9
9
Pended
9
11
17
6
14
19
15
13
9
8
11
8
Months
of Inventory (Closed Sales)
4.1
8.4
3.5
4.5
4.6
3.2
3.1
3.3
4.9
4.1
4
3
Months
of Inventory (Pended Sales)
3.2
3.8
2.7
8.3
3.6
2.7
3.3
3.8
5.4
6.1
3.3
3.4
Absorption
Rate (Closed Sales) %
24.1
11.9
28.3
22
21.6
31.4
32.7
30.6
20.4
24.5
25
33.3
Absorption
Rate (Pended Sales) %
31
26.2
37
12
27.5
37.3
30.6
26.5
18.4
16.3
30.6
29.6
Avg.
Active Price
$7,293,000
$6,391,000
$5,565,000
$5,902,000
$5,552,000
$5,495,000
$5,751,000
$6,124,000
$5,894,000
$5,614,000
$6,154,000
$5,485,000
Avg.
Sold Price
$3,153,000
$3,640,000
$3,717,000
$2,642,000
$3,472,000
$3,428,000
$3,656,000
$4,333,000
$4,143,000
$3,963,000
$3,011,000
$4,022,000
Avg. Sq. Ft. Price (Sold)
$1,518
$1,533
$1,431
$1,273
$1,243
$1,431
$1,330
$1,543
$1,619
$1,543
$1,515
$1,400
Sold/List
Diff. %
97
96
98
99
100
98
96
96
99
96
97
97
Sold/Orig
LP Diff. %
94
90
96
99
97
98
92
93
96
94
94
91
Avg
Days on Market
90
102
37
38
47
22
75
77
24
68
50
90
Median Sold Price
$2,840,000
$3,264,000
$3,500,000
$2,500,000
$3,725,000
$2,604,000
$2,840,000
$3,250,000
$2,725,000
$3,450,000
$2,700,000
$2,475,000
The Sand Section generally had bewtween 35 and 50 active homes for sale during most of the year with the usual drop off around the holidays and winter months.
Listed by Mori Beiner of Vista Sotheby’s International Realty, this epic coastal modern 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 home by Steve Lazar 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).
The spacious first-floor entertaining rooms open out via folding glass Nana walls to the walkstreet patio with waterfall and fire pit. Upstairs, you can see the ocean while lying down in the master bedroom. Master also features a seating area and a simply smashing bath with rain shower, body sprays and jetted tub. Just outside the other three bedrooms is a “kids’ lounge” with ample room for a sofa and TV. The top floor has floor-to-ceiling glass showcasing major ocean views spanning all the way out to Malibu.
Off Market Listing Courtesy of Mori Beiner of Vista Sotheby’s International Realty
March 2016 saw a pretty significant increase in the number of active homes for sale in Manhattan Beach. Whereas the prior 18 months had seen a high water mark of 77 homes for sale and had hovered between 50 and 70, the number of homes on the market took a fairly drastic upturn in March with over 100 homes active on the market. As of this writing in late April, that number didn’t show signs of changing as there are currently 101 homes, townhomes and condos for sale in this coastal community.
One thing the Manhattan Beach homes don’t always offer the luxury home buyer is space. There are the occasional oversized lots in the hill section but other than that there just isn’t just much in the way of the great outdoors.
That’s certainly not the case with the rare opportunity offered at 2104 Palm Ave in the tree section of Manhattan Beach. Currently off market and not on the MLS, this home sits on two adjacent lots offering a beautiful home and not only a yard, but a yard that most local soccer teams would be envious of. The home itself offers almost 4500 square feet, 5 bedrooms, 6 baths and the combined lot size is almost 10,000 feet which is almost unheard of in this part of town. Built in 2006, the home has been meticulously maintained and updated and offers a pool and spa in addition to the best sports court that you can imagine. Not currently on the market, the home is for sale at $7,999,000 with listing agent Greg Maffei of Re/Max.