Real Estate Update in the Manhattan Beach Hill Section

The hill section of Manhattan Beach offers it all…..beautiful homes on quiet streets, stunning views, much larger lots than in other “sections” of Manhattan Beach, and luxury homes to take your breath away.  All of this while still being west of Pacific Coast

Highway/Sepulveda Blvd and still walkable to the beach.  It is specifically due to the larger lot sizes that the homes in the area are not as confined to certain sizes and designs to fit within the smaller lots of the sand section and tree section.  The result are often truly custom homes with large square footage, not at the sacrifice of larger outdoor areas.  It is simply the best of all worlds.  The market has not been as active as some of the surrounding areas and cities with very low inventory and relatively low numbers of listings and sales.  There have been 5 closed home sales in 2013 with an average sales price of $1.869M.   Due to low number of homes sold in the area and the extreme pricing differences, these numbers can be drastically different over time.  See a quick recap of the real estate market in the hill section of Manhattan Beach.

2 Active MLS Listings in the Hill Section
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 3,150,000 12 3 5.00 2002 3,695 5,502
Max 3,695,000 41 6 5.00 2003 3,936 6,255
Avg 3,422,500 27 5 5.00 2003 3,816 5,879
Sum 6,845,000
2 Pending Sales
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 1,750,000 12 4 4.00 1995 4,405 5,200
Max 2,997,000 54 5 5.00 2003 4,429 5,798
Avg 2,373,500 33 5 4.50 1999 4,417 5,499
Sum 4,747,000
1 Pending in Backup Offer Status
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 3,699,000 50 4 4.00 2006 3,447 4,191
Max 3,699,000 50 4 4.00 2006 3,447 4,191
Avg 3,699,000 50 4 4.00 2006 3,447 4,191
Sum 3,699,000
5 Closed Sales Since January 2013
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 939,094 939,094 2 1.00 1952 782 4,377
Max 3,577,000 152 3,525,000 5 6.00 2004 5,000 9,429
Avg 1,893,019 32 1,869,719 3 2.80 1970 2,611 5,768
Sum 9,465,094 9,348,594
Status: All
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 939,094 939,094 2 1.00 1952 782 4,191
Max 3,699,000 152 3,525,000 6 6.00 2006 5,000 9,429
Avg 2,475,609 33 1,869,719 4 3.70 1986 3,297 5,579
Sum 24,756,094 9,348,594

Contact Manhattan Beach realtor, Keith Kyle for more information on any of the hill section homes for sale below.

[idx-listings community=”Manhattan Beach Hill” propertytypes=”516″ orderby=”DateAdded” orderdir=”DESC” count=”5″]

Keith Kyle realtor for sale sign

South Bay Brokers Names 2012 Top Producing Agents

South Bay Brokers, one of the top real estate firms in the South Bay of Los Angeles, has recently named their Top Producing Agents for  2012.   RedondoBeachRealEstateHomes.com and Redondo Beach realtor Keith Kyle was once again a top producing realtor.  Thank you to my many clients that have put their trust in me over the years and have allowed me to part of their real estate needs.

 

Manhattan Village pool

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.

Manhattan Beach Strand homes for sale

Manhattan and Hermosa Oceanfront Home Market Alive and Well

When most people think of the ideal in luxury coastal living in Manhattan BeachManhattan Beach Strand homes for sale 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.

Redondo Beach real estate trends

Wondering Why You Can’t Find that Dream Home in the South Bay?

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.

Keith Kyle realtor for sale sign

Want to Know Why You Can’t Find a South Bay Home?

If you’re like many South Bay home buyers, you’re probably experiencing theKeith Kyle realtor for sale sign frustration that so many others are….there are no homes to buy.  With this incredibly low inventory the few homes that do come on the market don’t last more than a few days and often sell for prices that would have been a major challenge just a few months ago.  It might be temporary, but back are the days of multiple offers, conditions favorable to the sellers, offers over the list price and a number of cash buyers to compete with.  Inventory just keeps going down with fewer and fewer available homes to by.  If it’s hard to picture just what’s happening the chart below couldn’t be clearer.  The light green bar shows the number of active homes for sale in the cities of El Segundo, Gardena, Harbor City, Hawthorne, Hermosa Beach, Lawndale, Lomita, Manhattan Beach, Palos Verdes Estates, Palos Verdes Peninsula, Rancho Palos Verdes, Redondo Beach, Rolling Hills, Rolling Hills Estates, San Pedro, Torrance.  The teal columns show sold homes and the red bar shows the pending home sales.

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Vista Sotheby's International

Vista Sotheby’s International Realty is one of the top real estate brokerages in the South Bay and Southern California with offices in Redondo Beach and throughout the South Bay

ADDRESS:

1801 S Catalina Ave, Redondo Beach, CA 90277

Phone:

310.251.2344

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keith.kyle@vistasir.com

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keith kyle

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Welcome to Sotheby's International Realty representing buyers and sellers of fine South Bay and Southern California properties

Redondo Beach Real Estate & Homes. All rights reserved. Information deemed reliable but not guaranteed

Keith Kyle – Licensed Realtor – Vista Sothebys International Realty – DRE#01712785

The listing information set forth on this site is based upon information which we consider reliable, but because it has been supplied by third parties to our franchisees (who in turn supplied it to us), we cannot represent that it is accurate or complete, and it should not be relied upon as such. The offerings are subject to errors, omissions, changes, including price, or withdrawal without notice. All dimensions are approximate and have not been verified by the selling party and cannot be verified by Sotheby’s International Realty Affiliates LLC. It is recommended that you hire a professional in the business of determining dimensions, such as an appraiser, architect or civil engineer, to determine such information. Sotheby’s International Realty ® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission.