Category: El Porto
Vista Sotheby’s International Office Locations in the South Bay
Vista Sotheby’s International Manhattan Beach
2501 N Sepulveda Blvd
Manhattan Beach, CA 90266
Office: +1310.546.7611
Vista Sotheby’s International Realty Hermosa Beach
200 Pier Avenue
Suites 305 & 306
Hermosa Beach, CA 90254
Office: +1310.546.7611
Email
Vista Sotheby’s International Realty North Manhattan
3300 Highland Ave
Manhattan Beach, CA 90266
Office: +1310.546.7561
Vista Sotheby’s International Realty Downtown Manhattan Beach
916 Manhattan Ave
Manhattan Beach, CA 90266
Office: +1310.546.7561
Vista Sotheby’s International Hollywood Riviera
1801 S Catalina
Redondo Beach, CA 90277
Office: +1310.5418271
Vista Sotheby’s International Realty Downtown Manhattan Beach
1144 Highland
Manhattan Beach, CA 90266
Office: +1310.546.7611
Vista Sotheby’s International Realty Palos Verdes Estates
16 Malaga Cove Plaza
Palos Verdes Estates, CA 90274
Office: +1310.375.0583
Home Sales On the Rise in the Beach Cities
May 2013 was a big month for both the number of home sales and prices in the cities of Manhattan Beach, Hermosa, Redondo Beach and El Segundo. Both the number of sales and home prices were on the rise. The chart below paints a pretty clear picture that the number of homes for sale, as well as pending sales and closed home sales is on the rise. According to local real estate expert Keith Kyle, “as we see the inventory of new listings rise we should start to see the return of a balanced market. We had a very unusual turnaround in which we went directly from a buyers market to a sellers market and never really reached an equilibrium.”
View the homes sales by clicking any of the May 2013 home sale links below.
North Manhattan – El Porto Real Estate
While the real estate market around the country was taking a hit, home values along the coast of the South Bay remained as stable as ever. The “sand” section of Manhattan Beach remained particularly strong as oceanview and oceanfront homes that are walkable to the beach are always in demand. Home prices in the sand section (see map) are reaching unbelievable highs with full lot walkstreets in the 3-6 million dollar range, depending on age, condition and view.
While these homes are out of reach for most South Bay buyers, there is an area of Manhattan Beach that offers far more reasonable home prices. The area is known as “north” Manhattan, although it’s more familiar to most as El Porto. El Porto is the northernmost neighborhood of Manhattan Beach. Ideally located for commuters traveling to Santa Monica or downtown Los Angeles, El Porto offers close proximity to LAX, Marina Del Rey, the Westside and more. As El Porto lies on a fairly steep grade, homes in the area often offer stunning ocean and panoramic views from Palos Verdes to Malibu. One unique feature of El Porto is that it offes many half lots generally measuring 45×30 which allows for some more affordable housing within a block or two from the ocean. Many of these homes are “legal non-conforming” duplexes with a 2 bedroom unit upstairs and a 1 bedroom or studio rental downstairs. Homes in the area start in the mid $800,000 and depending on size, age, and views can go up to the $2,000,000+ range. The area is ideal for people not needing a huge home, that love the beach and ocean, and want to shave off 15 minutes of their commute. For surfing enthusiasts, it happens to front the best surfing beach in the South Bay. If you are looking for an oceanview home in Manhattan Beach you may want to consider the El Porto.
Keith Kyle – Realtor, e-Pro – Vista Sotheby’s International– 2501 N Sepulveda Blvd Manhattan Beach, CA 90266 – 310-251-2344
For real estate information, open houses, and FREE South Bay and Beach Cities MLS access visit www.KeithKyleHomes.com