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Manhattan Beach Real Estate

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The Good Ones Don’t Last Long

September 29, 2014 by Keith Kyle

The real estate market in Manhattan Beach continues to be on fire with and abundance of homes quickly going in to escrow and some never120-5th-Manhattan-Beach making it to the market.  “Prices have soared in the past 2 years, and anything that’s either in a prime location, or priced aggressively doesn’t last long” according to South Bay Brokers realtor Keith Kyle.

What’s fueling this heated market?

The pent up demand due to almost 18 months of near record low housing inventory in Manhattan Beach has made for a market incredibly favorable to sellers.  The combination of home buyers looking for turn key homes, investors looking for homes to flip, and builders buying anything older than about 20 years means that inventory remains low and the homes that come on the market simply don’t last.

Here are a few of the latest homes to go into escrow.

  • List View
  • Map View
  • 220 13th Street, Manhattan Beach, CA
    220 13th Street
    Manhattan Beach, CA
    Photo of 220 13th Street, Manhattan Beach, CA 90266 (MLS # SB21015199)
    $4,875,000
    • Lot Size
      2,675 sqft

    • Home Size
      3,275 sqft

    • Beds

    • Baths

    • Year Built
      1924

    • Days on Market
      1

  • 220 13th Street, Manhattan Beach, CA
    220 13th Street
    Manhattan Beach, CA
    Photo of 220 13th Street, Manhattan Beach, CA 90266 (MLS # SB21015193)
    $4,875,000
    • Lot Size
      2,675 sqft

    • Home Size
      3,275 sqft

    • Beds
      7 Beds

    • Baths
      6 Baths

    • Year Built
      1924

    • Days on Market
      1

  • 3212 The Strand, Manhattan Beach, CA
    3212 The Strand
    Manhattan Beach, CA
    Photo of 3212 The Strand, Manhattan Beach, CA 90266 (MLS # IN21015203)
    $10,950,000
    • Lot Size
      3,516 sqft

    • Home Size
      2,307 sqft

    • Beds
      3 Beds

    • Baths
      2 Baths

    • Year Built
      1940

    • Days on Market
      2

  • 137 15th Street, Manhattan Beach, CA
    137 15th Street
    Manhattan Beach, CA
    Photo of 137 15th Street, Manhattan Beach, CA 90266 (MLS # SB21013785)
    $2,599,000
    • Lot Size
      1,347 sqft

    • Home Size
      888 sqft

    • Beds
      2 Beds

    • Baths
      2 Baths

    • Year Built
      1937

    • Days on Market
      4

  • 1230 Manhattan Beach Boulevard, Manhattan Beach, CA
    1230 Manhattan Beach Boulevard
    Manhattan Beach, CA
    Photo of 1230 Manhattan Beach Boulevard, Manhattan Beach, CA 90266 (MLS # 21683148)
    $2,575,000
    • Lot Size
      4,792 sqft

    • Home Size
      3,692 sqft

    • Beds

    • Baths

    • Year Built
      1960

    • Days on Market
      4

    View Virtual Tour
  • 14 Fairway Drive, Manhattan Beach, CA
    14 Fairway Drive
    Manhattan Beach, CA
    Photo of 14 Fairway Drive, Manhattan Beach, CA 90266 (MLS # SB21013351)
    $1,749,000
    • Lot Size
      3,006 sqft

    • Home Size
      2,042 sqft

    • Beds
      3 Beds

    • Baths
      3 Baths

    • Year Built
      1987

    • Days on Market
      4

    View Virtual Tour
  • 124 38th Place, Manhattan Beach, CA
    124 38th Place
    Manhattan Beach, CA
    Photo of 124 38th Place, Manhattan Beach, CA 90266 (MLS # SB21014033)
    $2,999,000
    • Lot Size
      1,355 sqft

    • Home Size
      1,920 sqft

    • Beds
      3 Beds

    • Baths
      4 Baths

    • Year Built
      2018

    • Days on Market
      5

    View Virtual Tour
  • 24 Grenada Court, Manhattan Beach, CA
    24 Grenada Court
    Manhattan Beach, CA
    Photo of 24 Grenada Court, Manhattan Beach, CA 90266 (MLS # 21682780)
    $1,599,000
    • Lot Size
      1,939 sqft

    • Home Size
      1,876 sqft

    • Beds
      3 Beds

    • Baths
      3 Baths

    • Year Built
      1987

    • Days on Market
      5

  • 2917 Palm Avenue, Manhattan Beach, CA
    2917 Palm Avenue
    Manhattan Beach, CA
    Photo of 2917 Palm Avenue, Manhattan Beach, CA 90266 (MLS # SB21012550)
    $1,999,000
    • Lot Size
      4,644 sqft

    • Home Size
      1,962 sqft

    • Beds
      3 Beds

    • Baths
      3 Baths

    • Year Built
      1962

    • Days on Market
      5

  • 217 Moonstone Street, Manhattan Beach, CA
    217 Moonstone Street
    Manhattan Beach, CA
    Photo of 217 Moonstone Street, Manhattan Beach, CA 90266 (MLS # SB21005855)
    $1,399,000
    • Lot Size
      1,094 sqft

    • Home Size
      1,398 sqft

    • Beds

    • Baths

    • Year Built
      1962

    • Days on Market
      5

    View Virtual Tour

See all Real estate matching your search.
(all data current as of 1/25/2021)

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

 
 

Filed Under: Beach Front Homes, Home Prices, Luxury Homes, Manhattan Beach, Single Family Homes, South Bay Brokers Tagged With: homes for sale, luxury homes, Manhattan Beach, pending sales, prime location, real estate

South Bay Home Inventory Continues to Rise

September 1, 2014 by Keith Kyle

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.

Filed Under: Communities, El Segundo, Gardena, Hermosa Beach, Hollyglen, Home Prices, Lawndale, Manhattan Beach, Market Updates, MLS Listings, North Redondo Beach, Palos Verdes, Palos Verdes Estates, Rancho Palos Verdes, San Pedro, South Redondo Beach, Torrance Tagged With: active mls listings, closed sales, for sale, homes for sale, pending sales, real estate, recent home sales., south bay

Just Like This Crazy Weather….The Manhattan Beach Real Estate Market is Hot!

January 26, 2014 by Keith Kyle

By Keith KyleInteriors

The only thing hotter than the 80 degree days we’ve seen so often in January is the real estate market along the coast.  The market seemed to slow just a bit and appeared to finally be calming down, but recent listings and sales indicate that we’re quickly back in frenzy mode.  Of my last two sales, both buyers were willing and happy to pay a premium if it meant the difference in getting an accepted offer.  Many recent home sales have been at, or over list price, even with the inflated list prices and as another realtor recently said “price was not an issue for her buyer” which makes for a challenging market for buyers trying to stay within a budget.  The information below is a brief overview of real estate in Manhattan Beach in the past 30 days.  The key information is to not that there are far more homes in escrow then active on the MLS with an almost equal number of closed sales to current listings.

Status: Active (18 Listings) See current homes for sale in Manhattan Beach
List Price ADOM Selling Price BR BA SqFt Lot SqFt
Avg $1,752,778 15 – 4 3.06 2,346 5,924
Sum 31,550,000 –
Status: Pending Sale (8  Listings)
List Price ADOM Selling Price BR BA SqFt Lot SqFt
Avg $1,444,125 33 – 3 2.75 1,851 4,330
Sum 11,553,000 –
Status: Backup Offer (16  Listings)
List Price ADOM Selling Price BR BA SqFt Lot SqFt
Avg $3,030,375 66 – 4 3.69 2,976 5,474
Sum 48,486,000 –
Status: Closed Sale (17  Listings) View recent Manhattan Beach home sales
List Price ADOM Selling Price BR BA SqFt Lot SqFt
Avg $2,107,588 39 2,097,926 4 3.76 2,829 4,664
Sum 35,829,000 35,664,750
Status: All (59 Total Listings)
List Price ADOM Selling Price BR BA SqFt Lot SqFt
Avg $2,159,627 38 2,097,926 4 3.39 2,589 5,223

Filed Under: Communities, Manhattan Beach, Market Updates, MLS Listings Tagged With: active listings, closed escrows, homes sales, keith kyle, Manhattan Beach, market update, pending sales, real estate

Is the Real Estate Market in Manhattan Beach Slowing Down?….It Depends

November 29, 2013 by ktkyle

By Keith Kyle

We have definitely seen signs of the market slowing down over the past 2 months in the South Bay, but that doesn’t mean that slow down has been shared equally.  In fact in situations where the home is special, or location is great, or just happens to be in an area in which inventory is still dramatically low, we’re still seeing an absolute frenzy with multiple offers, appraisal contingencies waived, and prices over the already high list prices.  So what’s leading this somewhat confused market?

There are many factors that have led to some houses being a hotbed of activity while others seem to sit.  Price is always a factor.  As I often advise my sellers, we have one chance to be a “new listing” and take advantage of all of the excitement and momentum that comes along with that.  Price too high and that momentum can quickly be lost.  Once a home is no longer a new listing, interest dies quickly.  With the incredible pace of the market in 2013 homes don’t stay “new” for long and if a home is still on the market after 10 days or so,  buyers start to lose interest or think that there is something wrong with the home.  Lesson to sellers…..price the home appropriately from the onset.

Chart showing decreasing number of active, pending and sold homes
Chart showing decreasing number of active, pending and sold homes in Manhattan Beach

The second factor is the constant in real estate…location, location, location, but add to that condition, condition, condition.  While this market is still incredibly active and favorable to sellers, it has certainly remained much stronger for “special” houses….whether that be the A+ location, the perfect remodel,  or the bungalow oozing with charm.   A few months ago it seemed any home was quickly snatched up regardless of condition or location.  With prices at near peak levels, however, buyers are often not willing to take on situations that are less than ideal.  Homes needing work, busy streets, less than ideal locations, are now sitting unsold for longer periods of time.

On the other hand there have been numerous recent sales in Manhattan Beach that were an absolute flurry of activity and interest from the moment they hit the market.  Buyers are still willing to chase homes, pay a premium, and even waive some of their inspection and appraisal contingencies if the new listing if it is special in some way and appeals to buyers in a price range with low inventory.

We should expect some typical slow down during the holiday period but sellers should take note that if their home isn’t ideally located, move in ready, or happens to be in that range in which demand is high, but inventory is low, they need to heed the advice of their real estate professional and be right on target with pricing.

Filed Under: Manhattan Beach, Market Updates Tagged With: closed sales, homes sales, keith kyle, Manhattan Beach, market trends, pending sales, real estate, south bay brokers

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