As one of the top listing and selling Realtors in Redondo Beach, we know how to help buyers find and negotiate on the right home, and know how best to get Redondo Beach home sellers the highest sales price with the fewest hassles. View our Redondo Beach home sales and listings to get a sense of the homes we sell and how we may be able to help with your real estate needs
.
Manhattan Village, one of the only gated communities in the Beach Cities, has
continued to be an active market with 2 current active homes for sale, and 3 pending homes for sale. Both active listings are plan 2 court homes with 2 bedrooms and 3 baths and all pending listings are court homes as well. Visit our Manhattan Village real estate information page to view a community map as well as floorplans for all courthomes, townhomes and estate homes.
The chart below shows the most recent closed home sales in Manhattan Village with all but one being a standard sale and one short sale at 20 Bridgeport, a 4 bedroom estate home. Visit our Manhattan Beach home sales page to see updated reports on the most recent closed escrows. Contact Manhattan Beach Realtor, Keith Kyle, for more information.
When most people think of the ideal in luxury coastal living in Manhattan Beach
and Hermosa, they think of the oceanfront homes of The Strand. While some fairly original homes still exist, most have long been replaced by spectacular homes with endless views of the beach and the ocean. The market for these luxury homes has been very active lately with some very notable sales and recent listings. The high water mark at the moment is the home being built in Hermosa Beach at 2666 The Strand, with an impressive 7000 feet on a very irregular shaped lot with great beach frontage. The home is listed at $14,250,000. The home at 3300 The Strand in Manhattan Beach recently was listed at $11,500,000 and quickly went into escrow.
A few notable sales have recently closed as well with 4112 and 4114 The Strand, built primarily as attached townhomes but with the ability to combine the two spaces fairly easily, closed at a combined sales price of $7,175,000 and 2020 The Strand selling at $9,450,000.
It’s no secret that it’s a frustrating world out there for home buyers. Oh how quickly things turned from a strong buyers market to a market clearly favoring sellers. According to Redondo Beach Realtor Keith Kyle “There is incredibly low inventory everywhere and the high demand areas of the South Bay such as Manhattan Beach, Hermosa Beach and Redondo Beach have little to offer buyers at the moment”. To make life even more frustrating for Beach Cities home buyers, is that the moment a well priced home comes on the market, the frenzy starts with buyers often going way over asking price, waiving the appraisal contingency and simply buying homes above current market value. The chart below sums it up pretty clearly with the number of active homes for sale in the South Bay plummeting from over 1500 a year ago to just over 600 in December of 2012. This is while the number of closed sales has remained steady.
To view the current homes for sale visit our South Bay MLS search, or click our recent home sale page to see the most recent home sales in the South Bay cities of Manhattan, Hermosa, Redondo Beach, Torrance, El Segundo and surrounding areas.
Although the South Bay and certainly the Beach Cities were fairly protected from
the wave of short sales and bank foreclosures that plummeted prices in other areas of California, there were opportunities out there. As Redondo Beach is both larger than neighboring Hermosa and Manhattan Beach, and typically caters to more first time home buyers, it felt the foreclosure brunt the most and it wasn’t a challenge to find “deals” on such properties. Gone may be the days of short sale deals and homes selling below market value, as the inventory of both standard sales, and distressed home sales has continued to decline while demand has grown. The influx of investors buying up short sale and foreclosures added to the pressure. As of December 2011 there were 46 active short sales and foreclosures in Redondo Beach and just a year later the inventory was down to 9 distressed sales. This will likely lead to rising prices as these short sales were the driving factor behind the declining prices over the past few years.
