Category: Manhattan Village
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.
Manhattan Village Real Estate Market – February 2013
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.
October 2012 Median Home Prices In Redondo Beach and South Bay
October 2012 South Bay Median Home Prices and Sold Homes
Keep informed on the price of Redondo Beach homes and know what direction the real estate market is heading. See below for the median price of South Bay Homes in October and see the change in average home price from 2011. Average home prices based on one month of information can vary quite a bit based on a number of factors but the information can show an overall housing market trend in Redondo Beach.
City | Homes Sold | October2012 Median | October2011 Median | Yearover Year % Change |
Carson | 56 | $286,500 | $300,000 | -4.50% |
El Segundo | 11 | $648,000 | $348,500 | 85.94% |
Gardena | 58 | $299,250 | $260,000 | 15.10% |
Harbor City | 14 | $337,500 | $300,000 | 12.50% |
Hawthorne | 51 | $360,000 | $328,500 | 9.59% |
Hermosa Beach | 15 | $835,000 | $1,000,000 | -16.50% |
Lawndale | 10 | $252,500 | $315,000 | -19.84% |
Lomita | 13 | $450,000 | $392,500 | 14.65% |
Long Beach | 341 | $302,750 | $282,000 | 7.36% |
Manhattan Beach | 36 | $1,137,500 | $1,222,500 | -6.95% |
Marina Del Rey | 36 | $652,500 | $590,000 | 10.59% |
Palos Verdes Estates | 31 | $1,282,500 | $1,000,000 | 28.25% |
Playa Del Rey | 16 | $344,750 | $335,000 | 2.91% |
Rancho Palos Verdes | 45 | $870,000 | $922,000 | -5.64% |
Redondo Beach | 97 | $700,000 | $623,750 | 12.22% |
San Pedro | 55 | $330,500 | $345,750 | -4.41% |
Torrance | 121 | $467,000 | $447,500 | 4.36% |
Westchester | 43 | $627,000 | $561,750 | 11.62% |
Home Inventory on the Rise in Manhattan Village – Gated Community of Manhattan Beach
As most of the local Manhattan Beach real estate market and surrounding cities seem to be suffering from a lack of inventory, the number of active homes for sale in Manhattan Village, the gated community in Manhattan Beach CA, has increased in the past few weeks with 5 current court homes and townhomes for sale.
Manhattan Village Real Estate Market Activity
While much of the South Bay and Manhattan Beach real estate markets suffer from low inventory and high demand, making it difficult for many buyers to find the right home, Manhattan Village has seen an abundance of listings in the past month. There are currently 4 homes on the market, 2 of which are court homes and two are town homes. In addition a plan 5 estate home is soon due to come on the market as well. In addition there are currently 3 court homes in escrow as well as 2 estate homes, which are actually single family homes located in a different area of Manhattan Village. Manhattan Village is a gated community in the coastal community of Manhattan Beach and home prices generally range from the low $700,000s to over $2.0M for certain estate homes.