Manhattan Beach Real Estate

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2624 The Strand – New Beach Front Home For Sale in Hermosa Beach

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By Keith Kyle2624-The-Strand

Recently listed is the beachfront home at 2624 The Strand in Hermosa Beach.  The 2600 block is a fairly ideal location as the elevation from beach to street offers the potential for a slightly higher home, and the north Hermosa sand section location generally means higher owner occupancy, lower density and a different feel from the areas south of the pier.  The home is fairly dated with 3758 square feet on three levels and being built in 1962.  As an older home, however, it does enjoy some of the benefits that new homes don’t enjoy as setback restrictions were more forgiving at the time.   The square footage is great for an older home and with some upgrades this truly could be a showcase property. Contact us for more information or for a private showing.

**Update – Home was sold at $8,950,000

Manhattan Beach Sand Section Micro Market Update

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By Keith KyleManhattan Beach sand section homes

The sand section of Manhattan Beach is the epitome of luxury coastal living with spectacular beachfront “Strand” homes, walkstreet homes with stunning views and all within walking distance from the beach.  Here’s a quick recap of what’s going on in the Manhattan Beach sand section real estate market:

  • Active homes for sale – 14
  • Lowest list price – $1,325,000  –   420 29th Place
  • Highest list price – $9,999,999  –  4108 The Strand
  • Average list price – $3,379,786
  • Average price per square foot   –  $1,219.87
  • Average Days on Market   –  63
  • In escrow – 14
  • Total homes sold in 2014 YTD – 43
  • Average sales price – $3,057,174
  • Average price per square foot – $1,288.95

Pocket and Off Market Listings in Manhattan Beach CA

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By Keith KyleManhattan Beach Pocket Listings

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.

With so many homes selling off market or prior to being listed, it may be the only way to have an advantage in this market.  If you are interested let us know precisely what you are looking for fill in our Manhattan Beach pocket listing request, or contact us directly.  Unlike traditional home searches it’s critical to not only know just what you are looking for, but to be ready to act the moment the home hits the market so we highly recommend getting prequalified if there is a loan and having everything in order and ready to go.

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