Manhattan Village has townhomes and “court” homes built in the mid 1980s so dependent on the owners some have been beautifully remodeled and some are original……but none look like this. The recent listing at 12 Cayman Court is as unique as they come. From custom tile mosaic fireplace to bold color choices throughout, this home seeks a buyer looking for something unique.
Built in 2008 this Louie Tomaro designed and TR Farnham built craftsman sits in a great American Martyrs section location. Designed with open floor plan this beautiful home offers a gourmet kitchen, and features a lower level that includes a recreation room, kitchen, bedroom suite and a dedicated theatre. The upper level offers a true master suite, and three additional bedrooms all with individual baths. The home takes full advantage of our beach weather with indoor/outdoor living with a covered patio, sitting area with fireplace and grassy backyard Ideally located it’s within walking distance of both Pacific Elementary, American Martyrs school, downtown and and the beach. The home is listed by Susan Boetner with South Bay Brokers. Contact us for a private showing.
We're sorry, but we couldn't find MLS # SB14050063 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
With inventory at near record lows and even overpriced homes seeming to sell quickly and with multiple offers, how are buyers supposed to find a home in the luxury market of Manhattan Beach?
In this day and age, with buyers searching online, and just about every bit of information being available on the home search sites the minute they come on the market, the answer may come down getting the information before others do…….so how do you get access to these off market homes, pocket listings, and upcoming listings?
The answer lies with finding the right local real estate expert…usually an agent that has worked in the specific market for some time with access to networks and information. We generally hear of 5 – 10 “off market” or pocket listings a week through various channels, partners within our company and networks with agents throughout the area. Other agents trust us with this information as they trust us and know that we often have buyers that may be looking for just what they’re selling. In addition we will often share our upcoming listings with these same trusted agents and it’s often a win-win for all involved.
As most home buyers read about the market they have, inevitably heard that inventory is down and that it is a “seller’s market” which is certainly the case but both may be a drastic understatement at the moment. Inventory is at historic lows with both active homes for sale and sold homes being dramatically below the norm. The chart below shows the past 5 years with monthly numbers indicating the number of homes active on the MLS (light green), the number of pending homes sales or homes in escrow (red line), and the number of homes sold or escrows closed (dark green) that month.
The numbers are pretty staggering with February 2014 having only 26 closed sales and 36 current homes active on the market. Contrast that with February 2009 with only 25 closed escrows and 284 homes available for buyers and you’ll understand why buyers are willing to do just about anything and pay any price to get a home in this luxury coastal community. Due to low interest rates, and Manhattan Beach schools surpassing even their own record test scores, the demand for homes is as strong as ever.