Manhattan Beach Real Estate

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Bucking the Trend, Manhattan Village Home Inventory Continues to Rise

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By Keith Kyle

Manhattan Beach is like a real estate universe unto itself, with the trends and market conditions elsewhere having little sway over this luxury Manhattan-Village-Estate-Homecoastal community.  When the real estate market collapsed a few years back, Manhattan Beach home values remained relatively strong.  With the market returning back to the boom year levels, Manhattan Beach is certainly leading the way with skyrocketing prices and continually low home inventory.  Builders are buying just about anything not built in the last 15 years and there are simply too few homes on the market to ease the demand.

Manhattan Village, the only real gated community in Manhattan Beach, seems to be yet another real estate world of it’s own, and is certainly bucking the trend in the area. Whereas there are few homes being sold in the city itself, the inventory in Manhattan Village continues to rise and there are now 9 homes for sale.  Some of the premium properties are still selling at very high numbers, but the abundance of available homes will eventually mean a softening of many others and may make for a deal for someone looking to be in this wonderful neighborhood.  Click to see a neighborhood map of Manhattan Village and feel free to contact us or text/call 310-251-2344 for more information.  If you would like to receive daily updates for Manhattan Village we’ll be glad to help.

Current Manhattan Village Homes For Sale

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Bucking the Trend, Housing Inventory Continues to Rise in Manhattan Village

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While the Manhattan Beach real estate market has had almost 18 months of near record low housing inventory, the gated community of Manhattan-Village-Estate-HomeManhattan Village continues to buck the trend and defy the odds. Manhattan Village is located in Manhattan Beach CA and has a very limited number of homes, yet somehow 2014 inventory of available homes has been higher than normal. While the market outside the gates has few homes to offer, the situation is very different behind the gates. As of September 15th there were 9 active homes for sale in this small community. Not only is there an abundance of available homes, there is something for just about everyone ranging from the smallest and least expensive floorplan at 32 Bermuda Court, a plan one courthome priced at $799,000 to a few of the larger single family “estate” homes in the community priced at $2,185,000 at 22 Chatham.  Contact us for more information or fill out our free home update form to receive daily listing updates.

Current Manhattan Village homes for sale

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Looking for a Gated Community in Manhattan Beach?

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By Keith Kyle

Many out of area and out of state buyers come to me looking for a nice gated community in the South Bay and Manhattan Beach.  Unlike many other areas, gated communities are few and far between in the Beach Cities and there’s really only one option in the luxury community of Manhattan.  Manhattan Village is the areas only real option with a combination of Estate Homes (SFRs), townhomes and court homes (clusters of townhome style units).  Ideally located just a short drive to the beach, Manhattan Village sits east of Sepulveda just north or Marine Ave.

Manhattan Village is a planned community and is the only gated community in Manhattan Beach. An exclusive retreat which provides a lifestyle many are surprised to discover in a beach community. The community consists of approximately 400 town and court homes and 122 estate homes. See our Manhattan Village Floorplans and Manhattan Village Map page. The village is landscaped in a park setting surrounded by trees, pools, spas, playgrounds, bike paths and a soccer field. The location in Manhattan Beach is ideal. Manhattan Village Mall is within walking distance, with Ralphs, CVS, Macys, fine restaurants, entertainment, the Manhattan Tennis Club as well as a number of fine hotels.

Manhattan Village has two primary security gates, one for the estate home owners and another for the townhomes and court homes.  The main gate is manned and access to the community is tightly regulated adding a level of safety on top of the already safe neighborhoods of Manhattan Beach in general.

The real estate market in this small gated community is usually very active with several homes often on the market.  Prices can range dramatically from the high $700s for a smaller, fairly original condition court home, to well over $2.0M for an updated larger estate home.  Visit our Manhattan Village real estate page for current listings or fill in our quick form to receive new Manhattan Village listings as soon as they come out.  Our email updates are, without question, the simplest way to search for a home in the area.

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What’s shocking to some is commonplace in Manhattan Beach real estate

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By Keith KyleManhattan Beach Strand

One of the more challenging aspects of selling homes in the luxury community of Manhattan Beach, is the “sticker shock” many out of town buyers have when we first start searching for a home.  As one of the more expensive markets in the country, buyers are often unprepared for the type, size or condition of the home that they can get for their money.  Buyers inevitably compare the home they are selling to the home they are buying and without taking location into consideration, they find that they can often purchase something not even similar to what they’re selling.  The greatest surprise comes to buyers from states such as Texas in which they owned a 5000 foot mansion on acres of land for example and the $1.5M that they sold it for translates to  a 3 bedroom, 2200 foot townhome in Manhattan Beach with a lot measured in feet and not acres.

The reason for all of this, of course, is that it’s all about location….and the demand for that location.  There is such demand for homes in Manhattan Beach which offers great neighborhoods, ocean views, award winning schools, almost perfect weather, proximity to a world class destination beach, and near enough but far enough from the hustle and bustle of Los Angeles, that prices just continue to rise at an often incredible pace.  As there is no additional land to build on, even “fixers” or tear downs sell above market value as builders are eager to cash in on the demand for new construction luxury homes.

So what can an out of state buyer do?  Research the recent home sales in Manhattan Beach and current listings.  Getting comfortable with the fact that, although the prices are dramatically higher than other cities and states, these are the prices and the costs to live in such a high demand area.  Southern California has always been one of the most sought after housing destinations in the country and nowhere is that demand greater than life on the coast in Manhattan Beach.  Buyers that research values, prices and trends,  may still have that initial shock but just having an understanding that these are not “inflated” prices but just the values of the area and down the road when it’s time to sell, they’ll be on the other side of this incredibly strong market.

The chart below represents the median sales prices in Manhattan Beach for the past 2 years with a median price edging ever closer to the $2.0M mark.

Manhattan Beach Townhomes Not Always Priced Lower

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By Keith Kyle

When many buyers start their search they always start with thoughts of the perfect home.  Usually reality hits quickly and compromises have to be made.  One of the common compromises that people often decide on is that they would be willing to purchase a townhome instead of a single family home.  The thought is that a townhome will be bigger, newer and in a better location than an equally priced single family, and that it will be the most affordable way of finding homes in this coastal community……

That’s not always the case in the luxury market of Manhattan Manhattan Beach sand section homesBeach. 

Due to the zoning in Manhattan Beach in which most areas only allow for 1 dwelling on a lot, most townhomes are built and sold in the sand section.  This area is closest to the beach, and the most sought after in Manhattan Beach.  As everyone’s image of life at the beach includes ocean views, short walks to the beach, and the sounds of the surf…..this is where everyone wants to live and is priced accordingly.

Luxury home buyers are often surprised that townhomes are not a far less expensive option, but as the bulk of the townhome options in Manhattan are in the priciest neighborhood they yield some pretty remarkable prices.  This isn’t to say that they are not considerably less expensive than the single family next door, but compared with prices in Manhattan Beach as a whole, they are higher than expected.  Other than the sand section, zoning really only allows townhomes on a few of the busier streets throughout the city and there just are not that many opportunities to purchase them as the supply is so limited.

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(all data current as of 9/15/2019)

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Considering Sellng Your Fusion Townhome? I Just May Have a Buyer

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Fusion South Bay is a gated community located in the Hollyglen neighborhood of Hawthorne. It also happens to be directly across the street from Manhattan Beach and is a fantastic option for buyers in the South Bay that are either priced out of Manhattan, Hermosa and Redondo, or just want a home with some extra square footage and all the bells and whistles at a reasonable price.  For sellers out there considering whether to list their homes, this is a great time to sell.  As one of the most active realtors in Fusion I can attest to the current demand and am happy to say that of the last 3 home sales I represented 2 of the 3 buyers.  Visit our what’s my home worth page for more information in obtaining the value of your home.

Fusion South Bay

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