Special offer

Manhattan Beach, CA Real Estate News

By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
After a steep increase in real estate prices during 2013 in Manhattan Beach the inventory still remains very tight. Income properties are no exception as there is currently only one Manhattan Beach income property listed for sale. The two unit property is located on 44th St. and asking price is $1,175,000. Four Manhattan Beach multifamily properties are in escrow with accepted offers. Prices range from $1,550,000 to $3,700,000. Scrolling back to closed sales since January 1, 2014 the MLS shows six multifamily sales in Manhattan Beach. Price range from $1,255,000 to $1,867,500 and all sales were two unit properties. For more information about Manhattan Beach income property for sale contact us at ToeringandTeam@gmail.comManhattan Beach income units for sale:
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Nine Manhattan Beach luxury properties priced over $2,000,000 closed escrow during March 2014. The most expensive sale was $12,500,000 for a double lot with two 3-bedroom condominiums on the property. Manhattan Beach luxury pending sales as of April 1, 2014: 23 Manhattan Beach luxury homes currently for sale priced at or over $2,000,000: 21 If you're in the market to purchase a Manhattan Beach luxury home, it would be our pleasure to help you achieve your real estate goal of owning property in one of Southern California's most sought after coastal areas. - Norma (310) 493-8333 Luxury homes for sale in Manhattan Beach:
Comments 0
By Dave Caskey, Luxury Property Specialist
(Shorewood Realtors)
  ROBINSON ELEMENTARY SCHOOL IN TOP SCHOOL DISTRICT OFFERS BEST EDUCATION FOR YOUR REAL ESTATE DOLLAR IN THE SAND SECTION OF MANHATTAN BEACH Manhattan Beach Sand Section homeowners within proximity of Opal Robinson Elementary school, home of the Riptides, take pride in their 2013 National Blue Ribbon School, which is within walking distance of most homes within the school’s boundaries. Located at 80 S. Morningside Dr. in Manhattan Beach, Robinson Elementary services both the southern portion of the Sand Section and all of the Hill Section of Manhattan Beach. This K- 5 elementary school has a total enrollment of approximately 300 students and consistently scores in the mid-to-high 900s on the API report.         Parents are very involved in school programs from volunteering in the classr...
Comments 0
By Dave Caskey, Luxury Property Specialist
(Shorewood Realtors)
My wife and business partner, Jennifer Caskey, and I have worked hard over the past 22 years to earn an esteemed reputation for successfully servicing the high end coastal market in the sought after beach communities that surround LAX. Cities such as Manhattan Beach, Hermosa Beach and Redondo Beach are targeted by many high net worth individuals not only for the proximity to the Pacific Ocean, but also for the top performing public school systems that are found throughout the area known as the South Bay. Manhattan Beach's Hill Section offers million dollar ocean views Traditionally, when a home is sold, the real estate agent hired for the job goes through a series of proven tasks that aid in sourcing the buyer and delivering a job well done. Typically this includes a sign in the yard, o...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
It is no secret the coastal homes along Southern California's coast command a premium price. The housing market recovery, coupled with the growing number of luxury home buyers, is contributing to a surge in luxury home prices in the South Bay of Los Angeles. During the past 12 months the luxury home markets I track and work recorded 23 sales priced over $5,000,000. Here is the breakdown by individual city: Manhattan Beach: 10 Luxury homes priced over $5,000,000 sold. Hermosa Beach: 2 Sales over $5,000,000 were recorded. The most expensive home on this list of high-end homes, a 7,000 sq. ft. home built in 2013 and located on The Strand in Hermosa Beach, sold for $14,800,000. Palos Verdes Estates: 6 Luxury sales over $5,000,000 were recorded per MLS information. Rolling Hills: 3 Rolling ...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Manhattan Beach luxury home sales for the month of January totaled nine properties including townhouses. The most expensive sale was $3,950,000 for a single family home at 128 8th Street. There are 14 Manhattan Beach luxury homes in escrow and only 8 Manhattan Beach luxury (priced over $2,000,000) for sale. The luxury market inventory is extremely limited with demand outpacing supply. If you are considering selling your Manhattan Beach luxury homes the numbers certainly indicated now is an excellent time to bring it on the market. If you personal circumstances are in agreement, Norma Toering and Team welcome the opportunity to meet with to discuss the your expectations and current market conditions. If you want to live the beach lifestyle and still be close to urban amenities Manhattan ...
Comments 0
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Breaking News: The Harry & David Store in Manhattan Beach, CA Closed! Harry & David has been an American institution for the past 80 years. They went through highs and lows but managed to come back stronger, hence you can imagine my shock. I am very sad and disappointed. First the economy is improving and we are still finding out that this   historic business is downsizing. How sad, there were so many great knowledgeable workers with strong customer service skills who are without a job. From a personal perspective, I will miss the store, since for me it was less than a ten mile drive and I could buy the  best gift baskets as well as perfect tasting fruit. I have never seen such large and flawless pears as the Harry and David pears, just to mention a favorite of mine. Many of my clients ...
Comments 17
By Kaye Thomas, e-PRO, Manhattan Beach CA
(Real Estate West)
        I normally write this post on December 31... but this year a good  friend  was in the hospital  and I  just got back into town.  Life is always full of surprises....   Looking back at  last year   I was  right and wrong on my real estate predictions for 2013.  Inventory did stay low but prices shot up to levels we last saw before the recession.  While I expected to see a rise in home values,  I didn't think we would see the significant increase we saw in Manhattan Beach  and  the rest of the  Beach Cities in such a short time frame.    Homes that had been on and off the market for years suddenly found new owners at new price levels.  Builders stepped back in the market with a lot of cash and entry level  buyers found themselves facing tough competition for smaller homes in all  ...
Comments 4
By Rachel Martiens and Kathy Tyndall = The Tyndall Team, Love Living In The South Bay
(RE/MAX ESTATE PROPERTIES)
If you haven't already checked out Little Sister in Manhattan Beach, you will want to. Not only is the food awesome, but so is the decor and the ambiance. Located in the beautiful and scenic downtown Manhattan Beach. Try the Singapore noodles. It's a good idea to call in advance, as this hot spot books up quickly! Little Sister Manhattan Beach    
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Perhaps prospective luxury home buyers interested in the beach cities were making holiday and new year plans rather than purchasing homes as 2013 vanished from our calendars. Whatever the reason, luxury home sales priced over $2,000,000 dipped ever so slightly in December. December updates by city: Manhattan Beach: 8 Manhattan Beach homes priced over $2,000,000 sold in December. The most expensive sale was a walk street home on 19th Street with 4 bedrooms and 4.5 baths. The property was on the market 198 days and sale price was $4,700,000. There are currently 7 Manhattan Beach homes in escrow with accepted offers and 12 luxury homes for sale. Hermosa Beach: There are currently 6 Hermosa Beach luxury homes priced over $2,000,000 for sale. MLS records show no sales or pending sales for t...
Comments 0
By Maureen Megowan, Palos Verdes Real Estate Blog
(Remax Estate Properties - )
In its earliest days, Manhattan Beach was part of the original Spanish land grant for "Rancho Sausal Redondo" ("Ranch of the Round Clump of Willows") in 1822, a rancho with a land mass of nearly 25,000 acres which extended from the areas as far north of what is now Playa del Rey, as far east as Inglewood, and as far south as Hermosa Beach. At one time the area was called "Shore Acres" by George Peck, who owned a section of the north end of town.  Manhattan Beach is built on sand. Planks were laid in the sand on Manhattan Avenue for vehicles and along the Strand and side streets for pedestrians. In the early days, old timers speak of walkways disappearing, small structures sliding and the sting of the sand. The dunes were a major problem. Some were 50 feet to 70 feet high. Developers wer...
Comments 2
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Manhattan Beach had a phenomenal year in 2013 for income property sales. Beach cities summary: The surging housing market of the Beach Cities combined with the limited availability of buildings for sale, made for a competitive buying environment. Multiple offers were the standard and "all cash" deals the trump card. Manhattan unit sales statistics for 2013: Available buildings: 1 Property is for sale at $3,150,000. Pending sales: 1 Building is in escrow priced at $999,000. Manhattan Beach sales: 23 Buildings sold in 2013 from $960,000 to $3,800,000. The average price was $1,915,000. The average year built was 1953. None of the MB unit transfers in 2013 was a distressed sale. Manhattan Beach income property building types (2013 Sales): Duplex – 57% Triplex – 13% Fourplex – 9% 5-8 Units ...
Comments 0
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
"Starter" Homes in Manhattan Beach Harder and Harder to Find By Keith Kyle For the first time in quite a while there are no single family homes currently active for sale in any area of Manhattan Beach priced under $1,000,000. Currently there are 5 single family homes in escrow that are priced under $1,000,000 with almost all exclusively in the Liberty Village area which is the most affordable neighborhood in Manhattan Beach. Gone may be the days of homes in the sub $1,000,000 range. Below are the current homes in escrow (as of 12/18/13) and below is a historical chart showing the past 3 years of homes below $1.0M.
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Lots of Manhattan Beach residents, or soon-to-be residents, will be celebrating the holidays in their recently purchased new homes. Eleven Manhattan single family luxury homes priced over $2,000,000 sold during the month of November 2013. Not bad results for a month filled with a cold weather snap and a long holiday weekend filled with family, friends and plenty of turkey with all the trimmings. Speaking of trimming, the most expensive home sold in Manhattan Beach during November was a home short on trimmings with its Modern Minimalist style, but it pulled out all the stops with its over-the-top beach lifestyle view of sand and surf at its location on The Strand. The nearly 4,000 sq. ft. home sold for $8,700,000. There are currently 12 Manhattan Beach luxury homes in escrow with accept...
Comments 0
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
With temperatures in the 50's (yikes...this is Manhattan Beach) it felt a lot like winter and to kick of the holiday season Manhattan Beach had it's annual holiday fireworks show. While some watched from boats, and others watched from the beach or the streets, I was fortunate enough to have front row seats in downtown Manhattan.
Comments 0
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
We have definitely seen signs of the market slowing down over the past 2 months in the South Bay, but that doesn't mean that slow down has been shared equally.  In fact in situations where the home is special, or location is great, or just happens to be in an area in which inventory is still dramatically low, we're still seeing an absolute frenzy with multiple offers, appraisal contingencies waived, and prices over the already high list prices.  So what's leading this somewhat confused market? There are many factors that have led to some houses being a hotbed of activity while others seem to sit.  Price is always a factor.  As I often advise my sellers, we have one chance to be a "new listing" and take advantage of all of the excitement and momentum that comes along with that.  Price to...
Comments 0
By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
The answer to the question, "what's so great about the Manhattan Beach sand section anyway?" can be summed up with 3 words......Location, location, location. The "sand" section of Manhattan Beach gets it's name from the proximity to the beach. The area stretches from Hermosa Beach to the edge of Manhattan known as El Porto. In this wonderful area you're never far from the beach, often walking distance to shops, restaurants and bars, enjoy almost perfect weather, are treated to spectacular sunsets, and often have great ocean views. The biggest drawbacks to this area are the price and the limited space as land is at a premium and just about every inch of lot is taken up by homes. Gone are most of the beach bungalows that actually fit on the lot and most have been replaced by larger and la...
Comments 0
By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
  You know a real estate market is "hot" when there are more homes in escrow than currently for sale in a given neighborhood or price range.  Such is the case with Manhattan Beach luxury homes priced over $2,000,000.   Manhattan Beach luxury homes move from "Just Listed" to "Just Sold" at a very fast clip.  The message this sends to prospective buyers is move fast or risk losing the property to another buyer.  The message it sends to sellers is this is your market so make the most of it.  Yes, the market does indeed speak to us.   Here's a snapshot of what is happening in the Manhattan Beach luxury home market as of November 2013: 19 Single family luxury homes priced over $2,000,000 are for sale in Manhattan Beach. 20 Manhattan Beach luxury homes are currently in escrow with accepted o...
Comments 3
By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Edward Kaminsky attends invitation-only conclave for top luxury Realtors®   “Leaders in Luxury” event attracts real estate professionals from across North America   DALLAS, Texas. (10/28/13) – [Edward Kaminsky] of [Shorewood Realtors] joined over 100 top real estate professionals, serving the upscale residential market, who converged the last week of October at The Four Seasons Hotel in Seattle (WA) for The Institute for Luxury Home Marketing’s annual Leaders in Luxury (LIL) conference.   According to [Kaminsky], the exclusive event was an invitation-only educational and networking opportunity for real estate professionals who handle million and multi-million dollar homes and estates. “This prestigious conference helps me deliver better service by providing cutting-edge information on w...
Comments 0
By Karen Anderson, San Pedro/Rancho Palos Verdes Neighborhood Expert!
(Keller Williams Realty-L.A. Harbor)
When it comes to buying a luxury, beach front property in California, there are several cities that offer luxurious real estate at an affordable cost. Whether you’re looking for local amenities, privacy, golf courses, or just simply miles of sandy beach, you can find the exact piece of property that you’re looking for in a few of California’s high end cities.  Manhattan Beach, is the perfect beachfront city located in southwest LA County. Just south of El Segundo, Manhattan Beach homes for sale provide a locale that is perfect for beach volleyball and surfing fanatics alike. Manhattan Beach is home to some of sports biggest professionals, so you know you’ll be living in the lap of luxury when you choose from one of our many Manhattan Beach homes for sale. Another popular beachfront city...
Comments 0