By Keith Kyle
Manhattan Beach is like a real estate universe unto itself, with the trends and market conditions elsewhere having little sway over this luxury coastal community. When the real estate market collapsed a few years back, Manhattan Beach home values remained relatively strong. With the market returning back to the boom year levels, Manhattan Beach is certainly leading the way with skyrocketing prices and continually low home inventory. Builders are buying just about anything not built in the last 15 years and there are simply too few homes on the market to ease the demand.
Manhattan Village, the only real gated community in Manhattan Beach, seems to be yet another real estate world of it’s own, and is certainly bucking the trend in the area. Whereas there are few homes being sold in the city itself, the inventory in Manhattan Village continues to rise and there are now 9 homes for sale. Some of the premium properties are still selling at very high numbers, but the abundance of available homes will eventually mean a softening of many others and may make for a deal for someone looking to be in this wonderful neighborhood. Click to see a neighborhood map of Manhattan Village and feel free to contact us or text/call 310-251-2344 for more information. If you would like to receive daily updates for Manhattan Village we’ll be glad to help.