Only 2 Active Foreclosure Listings in All of Redondo Beach

By Keith KyleRedondo Beach foreclosures

The distressed home and foreclosure market was never a major factor in the Beach Cities as the coastal communities were always buffered a bit from the huge price drops after the real estate bubble burst.  Some of the outlying South Bay communities did see a large increase in bank owned homes and short sales but the closer the community was to the ocean, the less impact we tended to see.

That being said there were still a healthy (or unhealthy depending on what side of the process you were involved with) number of distressed homes for several years, but that’s virtually come to a trickle.  From a high of 130 active foreclosure listings back in 2010, which does not include the number of homes in default, to only 2 active foreclosures in Hermosa, Redondo and Manhattan Beach combined.  Hermosa Beach and Manhattan Beach were always very limited in the distressed market with the bulk of the foreclosure listings being in Redondo Beach.

1501 Magnolia Ave in Manhattan Beach – Home for Sale Video Walkthrough

Come and join us for a video tour of our latest listing in beautiful Manhattan Beach.  1501 Magnolia is a fantastic single level home that has been inspired by life at the beach.  Welcome home to this perfect beach cottage for sale in the beautiful city of Manhattan Beach CA.   This single family home, just 2 blocks from Meadows Elementary School is as charming on the inside as it is from the outside.   This beautiful home was upgraded and expanded in 2010 and from the color choices to the materials used, was clearly inspired by the joys of coastal living.  For sale by Manhattan Beach realtor Keith Kyle, this home features 2 large bedrooms plus a spacious master suite, open kitchen perfect for entertaining, front and rear yards, back patio, hardwood floors throughout, 2 beautiful bathrooms and all of the coastal charm imaginable.


For more information on this wonderful home or any of my listings, please contact me.

Keith Kyle    Year End Top Producer since 2007, Realtor, e-Pro

Vista Sotheby’s International Realty – DRE#01712785
2501 N. Sepulveda Blvd. |  Manhattan Beach, CA 90266
(310) 251-2344  | (310) 546-7611 x366  Keith.Kyle@vistasir.com

 For real estate information, open houses, and FREE MLS access visit www.KeithKyleHomes.com

If it has a panoramic view why can’t I see it?

Working and living in a beach community, much of the appeal, and what buyers areRedondo Beach Oceanfront searching for are views of the ocean. Many listings tout their panoramic ocean views, whitewater views, Catalina views etc so why can’t I seem to find a picture of it? Buyers these days are savvy and understand that realtors often use words like cozy or quaint when they mean small, charming to mean original condition, etc. so when they can’t see the view, they just may not believe it has the view. We are not only selling homes in Manhattan Beach, but a lifestyle and if a picture is worth a 1000 words, this is a missed opportunity.

The Poets are Hot! Home Sales on the “Poet” Streets of East Manhattan Beach

There is an area in East Manhattan Beach in the area known as the poet streets.  If the three most recent sales are any indication demand is driving prices way up with all three not only receiving multiple offers but selling dramatically over asking price.

See the map below to view the locations of these 3 East Manhattan Beach homes.

No Shortage of New Construction 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

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

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