Manhattan Beach Real Estate

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Big Number for Manhattan Beach Walkstreet Home at 202 Ocean

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Listed at a price fairly unheard of for any location other than the beachfront homes of The Strand, 202 Ocean not only came out at a huge list price of $12,750,000 but surprisingly went under contract quickly.  If the home sells anywhere close to the list price of it will really set a new standard for the market.

Current Manhattan Beach sand section homes for sale

Although the home isn’t on the Strand it’s pretty ideally located just one home back and in the south end of the Sand Section which is always valuable territory.  The home offered a corner walkstreeet location with great south and west facing views from every level.  Due to the location the current views are basically unblockable which is a rarity for anything other than beachfront homes on the Manhattan Beach Strand.  The home offered an impressive 5 bedrooms, 6 baths and almost 4,200 square feet.

202 Ocean, Manhattan Beach

Manhattan Beach Sand Section Real Estate – 2018….By the Numbers

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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.

View the current homes for sale in the Sand Section of Manhattan Beach

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.

Coastal Elegance at 516 4th Street in Manhattan Beach

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By Keith Kyle516 4th Street Manhattan Beach

One of the homes currently on the market (as of July 8th, 2016) that we really like is located at 516 4th Street in the Manhattan Beach sand section.  While not on a walkstreet the home sits on a quiet street and has the look and feel of a walkstreet location.  The home offers a coastal plantation style with a large front yard and patio offering a great mix of indoor/outdoor living.

We're sorry, but we couldn't find MLS # SB16089792 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Is Liberty Village – Manhattan Beach – Ready for $3.0M Homes?

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By Keith Kyle

1631 19th Street sold at $2.725M
1631 19th Street sold at $2.725M

Liberty Village is a small area of East Manhattan Beach with primarily smaller, original homes built in the 1940s and 1950s.  This had always been the least expensive area or Manhattan and homes were often owned by engineers from nearby TRW (now Northrop Grumman).  Well times have changed and with lot values now over $1,000,000 even Liberty Village is a viable option for some big money buyers in Manhattan Beach priced out of the other areas.

Although still made up primarily of original homes, many of which have been extensively remodeled by owners or flippers, the area has seen a definite increase in new construction as builders have seen a much higher likelihood of yielding significant profits.  Lately numbers have skyrocketed and we’ve inched closer to the $3.0M mark which would have seemed unthinkable a year ago.

The highest sale was at 1631 19th Street which closed at $2,725,000 in June of 2015.

1304 Lynngrove Currently Listed at $2.99M
1304 Lynngrove Currently Listed at $2.99M

The listing at 1304 Lynngrove initially took that high water mark and then some.  Originally listed in February of 2015 for just under $3.2M the home has had a number of price reductions and is now listed at $2,999,900 which is still a huge number for Liberty Village.   It will be interesting to keep an eye on the ultimate sales price of this new construction home on a 5300 foot lot as it will likely set the bar for any and all upcoming new construction homes in the area.

We're sorry, but we couldn't find MLS # SB15245725 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

Bucking the trend there’s no shortage of oceanfront home for sale in Manhattan Beach

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By Keith KyleManhattan-Strand-Homes

When it comes to the best in Southern California coastal lifestyle, it doesn’t get any better than life on The Strand in Manhattan Beach.  Manhattan Beach’s beach front address offers some of the most sought after, and valuable properties in California.  Prices along this oceanfront stretch have skyrocketed in the past few years as more luxury and high end buyers have determined that Manhattan Beach is the place to own and live.  Builders, pro athletes, entertainers and other big money players have snapped up everything from luxurious new construction to fixers and tear downs.  That trend may be slowing, however, as the number of homes available continues to increase while the current listings often take longer to sell.

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Huge Ocean Views at 116 25th St. in Manhattan Beach

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Ocean views abound in this fantastic luxury walkstreet home just feet from the beach. With almost 5000 feet this 116-25th-Street-Manhattan-Beachhome enjoys stunning views in a luxury setting with 5 spacious bedrooms and 5 baths.

ML#: SB15057136
List Price: $9,800,000
Price Per Sqft: $1,960.00
Property Type: Single Family Residence
Bedrooms: 5
Bath: 4.5
Sqft (Src): 5,000

We're sorry, but we couldn't find MLS # SB15057136 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

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