Category: Search for Homes
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 and Hermosa Oceanfront Home Market Alive and Well
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 While some fairly original homes still exist, most have long been replaced by spectacular homes with endless views of the beach and the ocean.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.
The Days Of Redondo Beach Short Sales May Be Winding Down
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.
I found a home to show you!…..how showing homes has changed in this market
It wasn’t long ago that a client wanting to look at homes in the South Bay often meant a day long journey of looking at the abundance of available homes and trying to narrow down which one had the fewest objections to the buyer. As there were so many homes on the market, and every day meant new options, buyers could lose interest over the smallest details.
My how things have changed. Now when a client calls to say they want to look at all of the homes in their price range there are few, if any to see. The excitement comes now when you can say, “I found one!” and you actually have a home to show. It’s certainly never a dull moment in real estate and maybe someday there will be a more balanced market…I’ve been told they once existed.
To see the latest chart showing a good example of how there’s nothing to see visit lack of starter homes for sale in Redondo Beach post.
