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Very Hot Real Estate Market in Manhattan Village

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The two most recent listings in Manhattan Village indicate a very hot real estate market that, so far, doesn’t seem to be impacted by the Covid 19 challenges seen elsewhere.  The most recent listing at 14 Bermuda Court went into escrow after only 11 days on the market.  This was a plan 2 Court home priced at $1,125,000.  The second home was a townhome at 53 Sausalito Circle priced at $1,625,000 and was only on the market for 7 days prior to going into escrow.  This was a pretty special place with fantastic view of the golf course.

View the current homes for sale in Manhattan Village

Manhattan Beach Pending Home Sales

Manhattan Village Real Estate – 2018 Year in Review

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2018 was a very solid year in Manhattan Village with numbers being very similar to the previous year.  There were 21 “on market” home sales in this gated community in Manhattan Beach during the year.  The average list price $1,451,756 with a average sales price of $1,443,476.  The median list price was $1,310,000 with a median sales price of $1,338,000.  Compare that with 2017 average sales price of $1,464,391 and median sales price of $1,444,000.  Both numbers indicate a really strong seller’s market with list prices and sales prices being very similar meaning sellers were getting full price or more on their homes.

Average days on market was 53 with a median days on market at 20.  The lowest priced sale of the year was for a Plan 1 2 bedroom court home at 21 Coronado Court that sold for $1,025,000 with the highest priced sale of the year a large 4 bedroom single family plan 4 “estate” home at 7 Westport that closed at $2,450,000.  See the current homes for sale in Manhattan Village.

2018 Manhattan Village Home Sales

Style   Address Sold Price – List Price Price per Ft Bed/Bath Sq Feet Sold Date
SFR/D 9 Westport $2,270,000 –  $1,999,000 $1,104.09 3/1,1,0,0 2056/A 1/5/2018
TWNHS/A 18 Malaga PL E $1,300,000 –  $1,310,000 $742.01 3/3,0,0,0 1752/A 3/30/2018
TWNHS/A 11 Marin CT $1,545,000 –  $1,574,888 $805.95 3/2,0,1,0 1917/A 4/25/2018
TWNHS/A 12 Dover PL $1,500,000 –  $1,569,000 $824.63 3/3,0,0,0 1819/A 5/23/2018
SFR/D 7 Westport $2,450,000 –  $2,545,000 $824.36 4/2,0,1,0 2972/A 5/23/2018
SFR/D 3 Cambridge $2,425,000 –  $2,539,000 $765.95 4/2,1,1,0 3166/B 5/31/2018
TWNHS/A 12 Grenada CT $1,070,000 –  $1,125,000 $675.93 2/2,0,1,0 1583/B 6/5/2018
TWNHS/A 51 Sausalito CIR W $1,625,000 –  $1,675,000 $893.35 3/3,0,0,0 1819/A 6/7/2018
CONDO/A 36 Fairway DR $1,425,000 –  $1,399,000 $983.44 2/2,0,0,0 1449/A 6/12/2018
TWNHS/A 9 Lafayette CT $1,164,000 –  $1,179,000 $794.54 2/1,1,0,0 1465/A 6/29/2018
TWNHS/A 11 Cordoba CT $1,361,000 –  $1,298,000 $710.33 3/2,0,1,0 1916/A 7/3/2018
TWNHS/A 4 Bermuda CT $1,200,000 –  $1,150,000 $819.11 2/2,0,0,0 1465/A 7/5/2018
TWNHS/A 16 Cayman CT $1,090,000 –  $1,099,990 $744.03 2/2,0,0,0 1465/A 7/17/2018
TWNHS/A 25 Santa Rosa CT $1,338,000 –  $1,328,000 $713.22 3/2,0,1,0 1876/A 8/2/2018
TWNHS/A 18 Malaga PL E $1,655,000 –  $1,699,000 $944.63 3/3,0,0,0 1752/A 8/21/2018
TWNHS/A 20 Santa Cruz CT $1,180,000 –  $1,150,000 $745.42 2/1,1,1,0 1583/A 9/7/2018
TWNHS/A 12 Cayman CT $1,065,000 –  $1,088,000 $684.01 2/2,0,1,0 1557/A 11/9/2018
TWNHS/A 23 Santa Rosa CT $1,180,000 –  $1,199,998 $629.00 3/2,0,1,0 1876/A 11/9/2018
TWNHS/A 3 Catalina CT $1,095,000 $747.44 2/2,0,0,0 1465/A 11/14/2018
TWNHS/A 21 Coronado CT $1,025,000 –  $1,065,000 $699.66 2/2,0,0,0 1465/A 11/27/2018
SFR/D 19 Laguna CT $1,350,000 –  $1,399,000 $709.41 3/2,0,1,0 1903/A 12/26/2018

Nice Opportunities in Manhattan Village

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By Keith KyleManhattan Village Estate Homes

There have been some new listings making an appearance on the real estate market in Manhattan Village making for one of the few neighborhoods in all of the Beach Cities with any inventory.

As of this post there are 4 homes for sale in Manhattan Village, one of the few gated communities and a very unique setting in this up scale beach town.  Contact us to arrange private showings for any of the homes.

Current Homes for Sale

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The number of homes for sale in Manhattan Village continues to trend upward while Manhattan Beach inventory remains low

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By Keith KyleManhattan-Village-Estate-Home

The real estate market in Manhattan Village, the gated community in Manhattan Beach, CA, continues to buck the trend.  While the market in the other neighborhoods of Manhattan Beach has seen record low inventory, few new listings, and extremely high demand for both low end fixers and high end luxury homes, the housing inventory in Manhattan Village has reached near record highs.  The market has still been very active with appropriately priced homes quickly selling quickly but new listings seem to replace anything going into escrow.  I was asked recently by a client whether the higher levels of inventory is indicative of low demand and a less desirable location, but that’s certainly not the case.   It is a very different feel to the rest of the Manhattan Beach but the amenities of the community including numerous pools, 24 hour security, and exterior landscaping and maintenance draws homeowners looking or a greater sense of privacy.Manhattan-Village-Home-Sales

 

The chart to the left shows the number of homes for sale (light green), sold homes (dark green) and current homes “in escrow” (red line) for the past year.  The number of homes on the market in September, 12, was the highest inventory since 2010.

See the current Manhattan Village homes for sale

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