Manhattan Beach, CA Real Estate News

By Melinda Flynn
(Melinda Flynn Real Estate)
Call me if you'd like an update of your local LA/South Bay neighborhood update. If you live outside of my market, I have a great Referral Network and will recommend an agent in your area!  
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
5 Manhattan Beach Luxury Homes (priced over $2,000,000) sold in January 2013. All sales were located in the Manhattan Beach Sand neighborhood. The properties ranged in price from a low of $2,325,000 to $9,450,000 being the top priced paid for a home on The Strand. There are currently 23 Manhattan Beach luxury homes for sale and 12 Manhattan Beach luxury homes in escrow. For more information on luxury homes in Manhattan Beach contact Norma Toering & Team.  (310) 493-8333 Luxury homes for sale in Manhattan Beach, CA:  
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
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 Manhattan 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...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
  The holidays are often perceived as a quiet time for real estate activity. This year things were a bit different. I know I was busy showing my luxury listing in Hermosa Beach throughout the holiday season, and I’m quite sure many of the same buyers were viewing luxury homes in Manhattan Beach too. Two Manhattan Beach luxury homes priced over $2,000,000 closed escrow December 2012: 1751 Matthews Avenue sold for $2,125,000 624 6th Street sold for $3,700,000 There are currently 9 Manhattan Beach luxury homes in escrow. 17 Manhattan Beach Luxury homes are for sale. For more information on luxury homes for sale in Manhattan Beach contact Norma Toering & Team.  (310) 493-8333 Homes for sale in Manhattan Beach (Over $2 million.)
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Mira Costa neighborhood in Manhattan Beach, California during December 2012. Homes for sale: 11 Homes are listed for sale priced from $985,000 to $7,995,000. Pending sales: 6 Houses are in escrow priced from $659,000 to $2,899,000. December sales: 9 Homes sold during December 2012 in Mira Costa from $1,085,000 to $2,075,000. Homes for sale in the Mira Costa area of Manhattan Beach:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Liberty / Heights neighborhood in Manhattan Beach, California during December 2012. Homes for sale: 1 Home is listed for sale at $1,079,000. Pending sales: 2 Houses are in escrow priced from $1,250,000 to $1,359,000. December sales: Three homes sold during December 2012 from $950,000 to $1,300,000. Homes for sale in the Liberty / Heights area of Manhattan Beach:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Village neighborhood in Manhattan Beach, California during Dec 2012. Homes for sale: No homes are listed for sale in the Village area. Pending sales: No houses are in escrow. Dec. sales: One home sold in December 2012 for $1,399,000.
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Hill Section neighborhood in Manhattan Beach, California during December 2012. Homes for sale: 5 Homes are listed for sale priced from $1,445,000 to $7,950,000. Pending sales: 3 Houses are in escrow in the Hill Section priced from $1,500,000 to $2,997,000. December sales: Five homes sold during December 2012 at $1,875,000. Homes for sale in the Hill Section of Manhattan Beach:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Tree Section neighborhood in Manhattan Beach, California during December 2012. Homes for sale: 6 Homes are listed for sale in the Tree section priced from $1,299,900 to $1,995,000. Pending sales: 8 Houses are in escrow priced from $1,099,000 to $2,250,000. December sales: Nine homes sold in Dec. 2012 from $703,000 to $1,750,000.   Homes for sale in the Tree section of Manhattan Beach:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Sand Section neighborhood in Manhattan Beach, California during December 2012. Homes for sale: 12 Homes are listed for sale in the Sand Section of MB priced from $985,000 to $5,500,000. Pending sales: 5 Houses are in escrow priced from $995,000 to $7,499,000. December sales: 5 Homes sold in December 2012 in the Sand area from $1,260,000 to $3,775,000.   Homes for sale in Manhattan Beach - "Sand Section":  Homes over $2 million that have sold in the Sands area of Manhattan Beach in the last 12 months:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
I’m tracking luxury homes sales in Manhattan Beach and Hermosa Beach because I have a vested interest in high-end homes in the area since I have one listed for sale in Hermosa Beach. It’s important to know the local market, the competition as well as the absorption rate when devising a marketing plan tailored to the luxury home buyer. For the purpose of this report I’ll refer to all single family home sales over $2,000,000 in Manhattan Beach as luxury properties, and break them down by 2012 sales in each neighborhoods.   Manhattan Sand Section Sales: 44 Manhattan Beach Sand Section single family homes sold in 2012 . The highest price paid was $10.5M for a 4 bedroom, 4.5 bath home built in 2008 and located at 1712 The Strand. Manhattan Tree Section Sales: 25 Manhattan Beach luxury homes...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Nine luxury homes sold in the Beach Cities (Hermosa and Manhattan) of the South Bay in November 2012. Manhattan Beach recorded eight of the luxury sales over $2M for the month, but the highest sale ($3,950,000) occurred in Hermosa Beach. Redondo Beach did not record any sales over $2M during November.   The priciest sale was a home located on The Strand in Hermosa Beach. The oceanfront home was built in 1982 and sold for just over $1200 a sq. ft.   If you would like more information on luxury homes in Hermosa and Manhattan Beach contact Norma Toering & Team at REMAX Estate Properties.
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Tree Section neighborhood in Manhattan Beach, California during October 2012. Homes for sale: 9 Homes are listed for sale in the Tree section priced from $920,000 to $2,575,000. Pending sales: 15 Houses are in escrow priced from $675,000 to $2,250,000. October sales: Four homes sold in Oct. 2012 from $1,700,000 to $2,580,000.   Homes for sale in the Tree section of Manhattan:  
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Homes sales report for the Sand Section neighborhood in Manhattan Beach, California during October 2012. Homes for sale: 12 Homes are listed for sale in the Sand Section of MB priced from $995,000 to $11,249,500. Pending sales: 7 Houses are in escrow priced from $999,995 to $4,150,000. October sales: 9 Homes sold in October 2012 in the Sand area from $900,000 to $7,050,000.   Homes for sale in Manhattan Beach - "Sand Section":     Homes over $2 million that have sold in the Sands area of Manhattan Beach in the last 12 months:     Homes under $2 million that have sold in the Sands area of Manhattan Beach in the last 12 months:  
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One of the many aspects of what make the Beach Cities of Manhattan, Hermosa, Redondo Beach and El Segundo so special is the small town community feel they offer.  Each is different but in general people really enjoy living in these towns and never does it show more than in the holiday season.  Last week kicked it off with the Manhattan Beach holiday walk and pier lighting.  Stores were open and giving out goodies, there were reindeer, carolers, and loads of families.  The Manhattan Beach pier was lit with Christmas trees and the roundhouse building at the end, which houses the aquarium and cafe was lit with it's usual green lights to look like a tree itself. There's just something unique about the smell of Christmas trees and smell of the ocean....welcome to the beach!   Keith Kyle is a...
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I had written long ago about one of the unique places to exercise in Manhattan Beach....sand dune park.  As much of the sand section in Manhattan and Hermosa is actually built upon a sand dune, it seems that one of the few untouched areas became a great place to exercise (and socialize as it turns out).  The park sits on the east side of the hill (dune) that separates the sand section from the tree section.  It's popularity was part of what made it fun, but as it sits in the middle of a neighborhood, it also had consequences.  The park was closed for a time while the tried to come up with a solution that would allow people to use the park but not quite so many at a time as they were using it at all hours and basically irritating the local homeowners and parking was always a challenge.  ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Beach Cities - Luxury Home Sales Report for October 2012   Norma (310) 493-8333 October 2012 was a strong month for luxury home sales in Manhattan Beach, CA.  8 Single family homes priced over $2,000,000 closed escrow during the month.  The most expensive sale closed at $7,050,000 for a remodeled home with 4 bedrooms and 5 bathrooms on The Strand. The Beach Cities of Hermosa and Redondo recorded no sales of luxury homes priced over $2,000,000 for the month of October.    
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By Keith Kyle
(South Bay Brokers)
For luxury home buyers wanting it all, the hill section of Manhattan Beach may be the ideal location to call home. According to Keith Kyle, top realtor with South Bay Brokers, "Manhattan Beach hill section real estate offers something that the sand section doesn't....space. While the goal for many home buyers is to live near the ocean and ideally have views of the ocean, the lots sizes closest to the ocean doesn't allow for much, if any, outdoor space. By comparison the lots in the hill section are often far larger, offering luxury home buyers tremendous ocean views, while still allowing for a large home and a large yard." Click here to view the current homes for sale in the hill section of Manhattan Beach. Currently there are 7 active homes for sale ranging from just under a millon dol...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Best of both worlds united:  Cupcakes Couture & the Manhattan Beach Creamery As some of you know I have written about Cupcakes Couture a while back (http://actvra.in/LD  ) as well as about the Manhattan Beach Creamery (http://actvra.in/CDZ  ) Diane and I were heading to the “old location of Cupcakes Couture and we were so surprised that the establishment was closed, upon further investigation we saw the sign that they moved and consolidated with Manhattan Beach Creamery. We were a bit disappointed not having the intimate environment of the “old” Cupcakes Couture place that is life though. So we immediately headed to the corner and the place was mobbed not all for Cupcakes mind you. This was November and the Ice Cream & Frozen Yogurt was flying out the door. Diane and I said we better ke...
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With the low inventory and high demand, the few short sales that appear on the market don't seem to last long. We've tracked the Manhattan Beach and Hermosa Beach short sale and foreclosure market for the past few years and we are now at a several year low with only two "distressed" sales currently active on the South Bay MLS. In recent months the few short sales and foreclosures in these areas are generally pricing and selling closer to market value. Below are the two current foreclosures, one each in Manhattan Beach and Hermosa Beach. The condo in Hermosa Beach is located in the condo/hotel The Beach House Hermosa Beach and is unusual due to it's condo/hotel aspect which only allows owners to stay a total of 90 days a year. This challenge makes financing almost impossible which is par...
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