South Bay Home Inventory Continues to Rise

By Keith Kyle

What may be the beginning of a slight shift in the South Bay real estate market, inventory has continued to rise for the 5th straight month as both pending and sold homes remained relatively flat. Active homes for sale in July of 2014 were up 40% from the same month in 2013, while sold homes declined 11.7% and pending home sales only increased by 3.5%. This buildup of inventory may finally slow the market and lead to a market not so heavily favoring sellers.  The local Manhattan Beach real estate trends are slightly different with numbers being somewhat similar to a year ago in terms of active, pending and closed home sales although prices continue to rise, especially in the higher end of the market.  To see the most recent home sales visit our recent sales information site.

If You’re Looking for a Unique Home in Manhattan Beach….This May Be for You

12 Cayman Court in Manhattan Village

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.

An Abundance of “Rare” Estate Homes for Sale in Manhattan Village

By Keith Kyle

Located in Manhattan Beach, CA, there are three general type homes in the gated community of Manhattan Village:  court homes, town homes and estate homes.  Estate homes are single family homes located in the more western area of Manhattan Village and generally range in square footage from just over 2000 square feet to 3500 square feet.  In general these homes are fairly rare and don’t often come to market.  Since 2007 there have only been 29 estate homes sold in Manhattan Village.

  • 7 homes sold in 2007
  • 2 homes sold in 2008
  • 5 homes sold in 2009
  • 4 homes sold in 2010
  • 3 homes sold in 2011
  • 7 homes sold in 2012
  • Only 1 home sold in 2013

In this market, with historically low inventory of homes for sale, it is certainly surprising to see 4 of these estate homes come on the market virtually at the same time.

Current Manhattan Village  Homes for Sale

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Rare “Estate” Home for Sale in Manhattan Village

**please note that this was originally posted in 2014 and this home has sold**

Manhattan Village is a wonderful gated community in the city of Manhattan Beach CA.  It is the only true gate community in the area and has a charm and feel to the neighborhood that’s unlike anything else.  Housing options range from “court” homes which many would think of as townhomes, townhomes that are actually a bit like patio homes, and single family homes known as “estate” homes.  The estate homes have their own entrance to the community and enjoy more of a neighborhood feel, but these single family homes rarely come to the market and it demand is always high.  Recently listed by South Bay Brokers is the plan 2 estate home at 64 Village Circle.  The home was extensively remodeled and enjoys 2612 square feet, 3 bedrooms, 2 baths and is prices at $1,850,000.  Contact us for more information.

 

 

Search Condos for Sale in El Segundo

 

While home prices have gone up throughout the South Bay, El Segundo is still far more affordable than neighboring Manhattan Beach and the least expensive housing option is a condo.  There are a limited number of condominium complexes (see real estate market statistics for condos in El Segundo) but the limited options have some very attractive prices.  The condos are generally located on the outer edges of town due to zoning allowing higher density buildings.

Current El Segundo Condos for Sale

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(all data current as of 7/7/2022)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 
 

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Keith Kyle has been a full time realtor in Manhattan Beach since 2005 and has been recognized as one of the top producing agents at Vista Sotheby’s every year since 2007

ADDRESS:

2501 N Sepulveda Blvd., Manhattan Beach CA 90266

Phone:

310-251-2344

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Keith Kyle

REALTOR

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