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Modern South Bay homes

No Shortage of New Construction in Hermosa Beach CA

New Construction Homes for sale in Hermosa Beach CA

Well it looks like we’re back to a building boom with hardly a block in Hermosa Beach that doesn’t have some type of construction happening. The new construction is focused primarily in the highest value areas of the sand section with multiple new oceanfront homes being built on The Strand with other notable builds taking advantage of ocean view and ocean close lots. With land at such a premium in Hermosa it no surprise that when values rise in the luxury home market the builders start actively seeking lots.   Homes in Hermosa Beach
in Communities, Hermosa Beach, Homes, Manhattan Beach, New Construction, Ocean View Homes, Oceanfront Homes Posted by Keith Kyle
Manhattan Beach walkstreet homes

Hermosa and Manhattan Beach Luxury Walkstreet Homes Driving the Market

Hemosa Beach and Manhattan Beach Walkstreet Homes

Prices have jumped considerably in the sand sections of both Hermosa Beach and Manhattan Beach, and much of the reason is the recent flood of the market ofManhattan Beach walkstreet homes very high end luxury homes in A+ locations. Although there are a few oceanfront “Strand” homes for sale, the primary reason for the recent rise in median prices is the number of homes and townhomes on the highly sought after “walkstreet” locations.  The current median price for a Hermosa walkstreet home is $3974,000 and the current average price is $4,447,500.  The current median price for a Manhattan Beach walkstreet home is $3,350,000 and the average price is $4,123,000.

For more information on the Manhattan Beach or Hermosa Beach sand section, or any of these luxury walkstreet properties, please feel free to contact us at 310-251-2344 or keith@keithkylehomes.com.

 

 

 

in Communities, Featured Properties, Hermosa Beach, Homes of Note, Manhattan Beach, Manhattan Beach Sand Section, Market Trends, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle

Hermosa Beach Sand Section Home Prices Reaching New Levels

Although median prices in a luxury market such as the Hermosa Beach sand section can vary dramatically due to one or two oceanfront home listings on The Strand, the median home prices for active listings has reached record highs.  The sand section of Hermosa Beach is the area closest to the ocean and is bordered by Manhattan Beach to the north, the streets of Valley/Ardmore to the east, and Redondo Beach to the south.  There are numerous housing options ranging from magnificent Strand homes, to “walkstreet” homes with an alley in the back but a pedestrian only sidewalk in the front, to endless ocean view condos, townhomes and single family.  In general prices are higher north of Pier Avenue.

According to local realtor and Hermosa Beach resident Keith Kyle with South Bay Brokers “the homes active on the market are almost all exclusively very high end luxury homes and we’ve reach a median home price never seen before.”  The current median home price for all types of active homes is at $3,749,000.  This in a town where the median prices have hovered in the $1.1M-$1.2M in general for the past few years.  There are many factors at the moment including a number of ocean front homes including 2666 The Strand, an oceanfront estate priced at a whopping $15,900,000 (incredibly it was raised from it’s original $13,900,000), 718 The Strand at $6,300,000 and 5 other homes priced over $4.0M with 3 walkstreet homes for sale.

[idx-listings community=”Hermosa Beach Sand” propertytypes=”513″ orderby=”Price” orderdir=”DESC” count=”5″]

in Communities, Hermosa Beach, Market Trends, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle
3612 Alma Manhattan Beach sand section townhome

North Manhattan – El Porto Real Estate

Welcome to El Porto in North Manhattan Beach

The most affordable area of the Manhattan Beach sand section

While the real estate market around the country was taking a hit, home values3612 Alma Manhattan Beach sand section townhome 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 $1,500,000 and depending on size, age, and views can go up to the $3,500,000+ 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

in El Porto, Manhattan Beach, Manhattan Beach Sand Section, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle
Manhattan Beach walkstreet homes

Manhattan Beach Sand Section Market Update

Manhattan Beach Sand Section Homes Report

The sand section of Manhattan Beach offers the epitome of California coastalManhattan Beach walkstreet homes living.  The sand section is the area of Manhattan Beach that is bordered by the beach and ocean to the west, and generally the streets of Valley and Ardmore to the east.  What makes this area so desirable is the proximity to the beach and the ocean.  The area offers a variety of housing options with oceanfront luxury homes on The Strand, beautiful “walk street” homes with a wonderful sense of community and often sweeping ocean views, townhomes just a few blocks to the beach, and multi unit homes of North Manhattan, known as El Porto.  The market is always very active as the demand is always strong for prime beach real estate.  As of mid March there are 9 active homes for sale in the Manhattan Beach sand section, 21 pending home sales and 18 closed homes sales as of February 1st.  According to Manhattan Beach realtor Keith Kyle, “Incredibly low inventory coupled with very high demand since the beginning of the year is driving prices up quickly.  There are many buyers looking in this luxury market, but there are very few listings and even homes priced at market value are often selling with multiple offers, over asking and with huge concessions by the buyers.”  The current average sales price since the beginning of February has been slightly over $2,300,000.   See the chart below to see the market by the numbers.

Active MLS Listings – Currently there are 9 active homes for sale in the Manhattan Beach Sand Section
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 1,179,000 2 – 2 2.00 1933 1,392 1,153
Max 6,750,000 19 – 5 6.00 2013 5,000 3,772
Avg 3,207,889 10 – 4 4.00 1990 3,012 2,216
Sum 28,871,000 –
8 Pending home Sales – 21 Total “In Escrow”
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 975,000 – 2 2.00 1946 1,082 1,350
Max 2,499,000 105 – 5 4.00 2009 2,989 5,885
Avg 1,854,750 31 – 3 3.38 1982 2,040 2,855
13 Pending Sales in Backup Offer Status
List Price ADOM BR BA Year Built SqFt Lot SqFt
Min 925,000 5 – 2 1.00 1921 982 1,345
Max 6,995,000 73 – 5 5.00 2007 5,000 4,930
Avg 2,519,538 36 – 4 3.69 1988 2,602 2,577
18 Closed Home Sales since 2/1/2013
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 1,199,000 1,214,500 2 2.00 1927 1,350 990
Max 11,500,000 449 10,995,000 5 5.00 2012 4,761 3,507
Avg 2,409,278 78 2,362,350 3 3.72 1987 2,281 2,562
Sum 43,367,000 42,522,300
Status: All (48)
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 925,000 1,214,500 2 1.00 1921 982 990
Max 11,500,000 449 10,995,000 5 6.00 2013 5,000 5,885
Avg 2,496,458 46 2,362,350 3 3.71 1987 2,465 2,549
in Manhattan Beach, Ocean View Homes, Oceanfront Homes, Walkstreet Homes Posted by Keith Kyle
Redondo Beac Esplanade

1311 Paseo Del Mar – Oceanfront Home for Sale in San Pedro’s South Shores

**Please note that this home sold and this is an older post**

Beautiful Cape Cod inspired oceanfront home at 13110 Paseo Del Mar in South Shores.  Click here to view all of the ocean front homes in the South Bay cities of Palos Verdes, Manhattan Beach, Hermosa Beach, Redondo and more.

 

 

in Communities, Homes of Note, Ocean View Homes, Oceanfront Homes, San Pedro Posted by Keith Kyle

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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

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

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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.