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)
Homes sales report for the Village neighborhood in Manhattan Beach, California during May 2012. Homes for sale: No homes are listed for sale in the Village area. Pending sales: No houses are in escrow. May sales: One home sold in May 2012: Address Sale Price Bed/Bath Sq. Feet. Lot Year Built Days Listed 32 Village Circle $1,510,000 4/4 3256 5832 1984 149 Homes for sale in the Village 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 Sand Section neighborhood in Manhattan Beach, California during May 2012. Homes for sale: 26 Homes are listed for sale in the Sand Section of MB priced from $755,000 to $22,499,000. Pending sales: 15 Houses are in escrow priced from $1,050,000 to $5,600,000. May sales: 12 Homes sold in May 2012 in the Sand area: Address Sale Price Bed/Bath Sq. Feet. Lot Year Built Days Listed 301 25th St. $1,321,125 4/3 2052 1747 1966 200 521 2nd St. $1,370,000 3/2 1435 2703 1960 39 526 Marine $1,385,000 3/3 2232 4410 1986 24 325 21st St. $1,565,000 3/2 1536 2700 1957 67 228 33rd St. $1,700,000 3/3 1825   1999 175 437 1st St. $1,730,000 4/3 2632 2707 1985 0 3116 Alma Ave. $1,875,000 4/2 2491 3465 1927 84 121 32nd St. $2,705,000 4/3 2206 2696 1959 533 225 16th St. $3,000,000 5...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Page's Bookstore in Manhattan Beach is in its third year! Hard to believe that Page’s Bookstore only opened its doors in February of 2010. It feels like they have been here forever.  Against all odds an independent bookstore opens as many were closing their doors, including the larger national chains were shrinking their stores all over the nation.   We were thrilled that not too far from us another bookstore opens instead of the usual news that one closes. Needless to say we immediately became supporters. Three passionate women against all odds decide to follow their passion. Since books are our passion it was a natural fit to support them. Every opportunity we have we stop in and buy a book or two. Fuels our passion and supports their store.   So if you are every in Manhattan Beach, p...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Manhattan Beach Creamery:  A great ice cream Emporium If you ever strolled on Manhattan Ave in Manhattan Beach, then I am sure you must have seen this great Ice Cream Emporium. Question is, have you been able to walk by it, without going in? My next question is once you went in, where you able to walk out without buying something? This place is full of nostalgia: Ice cream, frozen yoghurt, had dipped strawberries, bananas, pretzels, marshmallows and I could go on and on. Assorted candies, from M&M are to an assortment of Lollypops which will bring out the inner child in you. They have assorted deserts of all types. Just to name a few of their deserts: Carrot Cake, Chocolate Moose, Red Velvet Cake and many more. Their famous ice cream sandwiches must be mentioned by me. Rather than readi...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
As it's not a holiday weekend, the current list of Manhattan Beach open houses is a great indicator that inventory is down in the beach community.  According to Manhattan Beach listing agent Keith Kyle with South Bay Brokers, "the market is experiencing very low levels of home inventory.  May of 2012 saw the highest number of Manhattan Beach home sales that we've seen in years and we are not seeing new listings to replace them".  This week offers about 50% of the usual number of open houses in the area.  The Manhattan Beach real estate market has really changed since the beginning of the year and seems to have become, at least temporarily, a sellers market. Below is this weeks open house list in Manhattan Beach and it's about half of what was available to see just weeks ago.   Days Hour...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
The real estate market in Manhattan Beach has continued at a brisk pace and summer seems to be heating up even further. May of 2012 saw a whopping 51 closed escrows which is the highest number of home sales in Manhattan Beach in the past 5 years. Of the 51 homes 8 sold over the list price, with 9 selling at list price and a majority of the other home sales closing fairly close to the list price. The luxury home market remained strong with 18 of the May 2012 home sales priced over $1.80M. The median listing price in Manhattan Beach for May 2012 was $1,559,000 and the median sold home price was $1,417,500. The chart below shows the inventory clearly low while both pending and sold homes in Manhattan Beach are rising fairly dramatically. Below are the Manhattan Beach home sales for May of ...
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By Ryan Case, 877-828-0710
(SCA Real Estate)
Lloyd Cullen Real Estate is a local Manhattan Beach Short Sale Realtor. As a Manhattan Beach Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Manhattan Beach Short Sale Realtor to help answer any questions you have in regards to Manhattan Beach Short Sales. Manhattan Beach Short Sale Realtor Lloyd Cullen is a local Manhattan Beach Short Sale Expert with experienced Manhattan Beach Short Sale Agents here to assist you.   Manhattan Beach Short Sale Realtor We specialize in Short Sales for Manhattan Beach and Surrounding Areas In this slow economy, are you upside down on your Manhattan Beach mortgage? It is possible to get out of an upside down mortgage if you utilize the help of a Manhattan Beach Short ...
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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 Section neighborhood in Manhattan Beach, California during March 2012. Homes for sale: No homes are currently for sale in the Village area of Manhattan Beach. Pending sales: One home is in escrow at the asking price of $1,559,000. March sales: No houses sold during March 2012.
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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 March 2012. Homes for sale: 10 Homes are listed for sale priced from $1,449,112 to $4,895,000. Pending sales: 9 Houses are in escrow in the Hill Section priced from $1,000,000 to $3,600,000. March sales: Five homes sold during March 2012: Address Sale Price Bed/Bath Sq. Feet. Lot Year Built Days Listed 307 Larsson St. $885,000 3/1 1216 3438 1957 27 8th $1,335,000 4/2 1958 5770 1960 0 206 S. Dianthus St. $2,050,000 3/2 1205 6250 1947 10 849 10th St. $2,400,000 5/5 4356 6000 2005 240 819 10th St. $3,600,000 5/5 4600 10,500 1999 287 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 March 2012. Homes for sale: 12 Homes are listed for sale in the Tree section priced from $819,000 to $2,695,000. Pending sales: 19 Houses are in escrow priced from $849,000 to $2,599,000. March sales: Nine homes sold in Mar. 2012: Address Sale Price Bed/Bath Sq. Feet. Lot Year Built Days Listed 3308 Pine Ave. $930,000 3/2 1330 4637 1948 25 2912 Palm Ave. $992,000 3/2 1604 4634 1960 177 2801 Palm Ave. $999,000 3/2 1098 4643 1950 2 2516 Palm Ave. $1,200,000 3/2 2264 7342 1947 28 1805 John St. $1,352,000 4/2 1394 5063 1950 7 3617 Pacific Ave. $1,425,000 6/5 2800 4726 2007 413 759 27th St. $1,589,000 4/3 1205 6250 1947 22 3613 Maple Ave. $1,599,000 5/5 3200 4643 2011 115 2600 Pine Ave. $1,799,000 5/5...
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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 March 2012. Homes for sale: 28 Homes are listed for sale priced from $755,000 to $22,499,000. Pending sales: 18 Homes are in escrow priced from $750,000 to $3,295,000. March sales: 5 Homes sold in March 2012 in the Sand area: Address Sale Price Bed/Bath Sq. Feet. Lot Year Built Days Listed 433 Marine Pl. $957,000 2/1 650 2702 1934 61 329 19th St. $2,300,000 4/4 3632 2705 2001 143 544 3rd St. $2,900,000 5/5 3800 2691 2011 81 1204 The Strand $5,750,000 6/4 2613 3318 1925 122 1712 The Strand $10,500,000 4/5   3338 2008 92 Manhattan Beach "Sand Section" homes for sale.
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
While many of the ocean front homes that had sold in 2011 now find themselves as construction sites, the market seems to have cooled a bit with many of the same homes on The Strand still active on the MLS.  There are currently 7 ocean front properties currently for sale, not including the hotel condo offerings at The Beach House Hermosa, with the average days on market over 238 days.  This is a pretty astounding number given the activity level of the market in Manhattan Beach.  While other areas of Manhattan Beach have seen tremendous activity, the ultra luxury real estate market in Manhattan Beach has been slow since the fall of 2011, but much of that has more to do with the prices of the current homes. Of the ocean front homes for sale on The Strand, all but one are in Manhattan Beach...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
    The 10.7 critical steps to successful Real Estate marketing You’re selling your home. The Real Estate market is appearing to show signs of stabilization. Is it safe to just throw a sign in the front lawn and an ad in the paper? Well this isn’t 2005 anymore. It is 2012 and real estate values are significant enough to affect the net worth of many homeowners. Making sure your home is marketed effectively to maximize your bottom line is most likely very important to you. Over the next few blog posts I will elaborate on a few of the points in the list overall, so stay tuned. . . Let's start with the following: 1. Exposure 2. Preparing the property for sale 3. Access to the property     EXPOSURE Exposure is the key to realizing market value. The true value of any asset is what the buyer w...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
March was a good month for high-end luxury home sales in Manhattan Beach, CA.  Seven single family homes priced over $2,000,000 in this coastal city closed escrow.  The prices ranged from $2,300,000 for a walk street contemporary in the Sand Section of Manhattan Beach, to $10,500,000 for a home on The Strand built in 2008 in a prime location on this sought after stretch of ocean front beach property in the Sand Section.   An ocean view lot sold for $2,050,000 in the Hill Section of Manhattan Beach. One condo (on The Strand) and one townhouse also sold over $2,000,000.   Insider Tip:  If you're searching for a contemporary style home Manhattan Beach is a good place to concentrate your home search.  Six of the ten luxury sales in Manhattan Beach last month were contemporary in design and...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Whether it is just a temporary blip in the market or the beginning of the long awaited turn around is yet to be determined but the market activity since the beginning of the year has been a dramatic change from the end of 2011. Manhattan Beach real estatehas always remained strong, from a pricing perspective, compared with most of California, but recently we've scene numerous sales with multiple offers, over askin price offers and very brief days on market. The chart above says everything....with a huge jump in pending home sales not seen in years. As of March 16th there are 86 pending home sales in Manhattan Beach which is truly an unbelievable number. With median home prices around 1.3M, there are few lower priced options in the area and homes sales have remained strong in the luxury ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Manhattan Beach was the only one of the beach cities to post luxury home sales during the month of February 2012. Redondo and Hermosa did not break the $2,000,000 barrier with any sale during the month.   Property One, located on a walk street and close to the water, sold for $3,000,000. The 3-bedroom, 3-bath 1,980 square ft. home claimed 3,605 square ft. of prime Manhattan Beach land. The property was on the market for 26 days and original list price was $3,399,000. The $1500 plus a sq. ft. sale price drives home the old adage: Location matters. Property Two, located in the Tree Section of Manhattan Beach, sold for $2,100,000. The 4-bedroom, 5-bath 3,893 sq. ft. home was built in 2000 on a 5,020 sq. ft. lot. The property was on the market 379 days and original list price was $2,299,00...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Where the 2012 Manhattan Beach Real Estate market is headed  . . . Ed's "State of The Market" Address When analyzing the real estate market, how do you know when it has really changed for the better?  Headlines.  Just reading headlines in the news can give you a clue where things may be headed. Real Estate trends are based more upon consumer confidence levels, than almost anything else. Of course there are significant driving factors which include the overall economy, the mortgage meltdown and other global factors, but it is you and your neighbors that really create the effect of any significant movement in real estate prices.    Take a look at this week's headlines... Warren Buffet on CNBC: I'd Buy UP 'A Couple Hundred Thousand' Single-Family Homes If I Could. DS News: Housing Crisis t...
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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 LA Times reported on a research paper looking in to the long term changes that could occur to our local Los Angeles beaches from rising sea levels.  The paper concluded that sandy beaches may face increased erosion and that many smaller beaches may shrink to the point that tourists no longer use them. The overall economic impact was studied for loss of tourism dollars in a meter rise of sea level and the Times article ranked "winner/loser" areas over the 100 year timescale.  For the Southbay, Manhattan Beach was expected to gain tourist money at an $8 million gain, though it suggested Redondo Beach would drop in income by $10 million. "Using models to project how climate change would alter the width of the sand, attendance and visitor spending at 51 public beaches in Los Angeles and...
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By Susan Murphy
(Keller Williams Realty Beach Cities)
The Hoffman Murphy Team loves to help students in our area achieve their dreams. Mira Costa High School needs your help. From March 21-24, talented students from the Mira Costa High School Orchestra will be competing in Atlanta, GA against other schools across the country. In order to qualify for this competition, Mira Costa High School successfully competed against 80 other schools. This competition is a privilege, and it’s not the first time that Mira Costa High School has competed – they’ve played at the Walt Disney World Concert Hall and Carnegie. To raise over $12,000 for this year’s competition in Atlanta, they are asking for your help. If you are a local business or individual, you can help them raise some of their funds for this year’s competition; simply visit the website for ...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
If you’re searching for the Southern California beach lifestyle but need to be close to LAX, LA and other Greater Los Angeles urban destinations, Manhattan Beach should be added to your home search menu.  Flip flops, shorts, shades and other markers of the casual lifestyle are evident, but so are movie studios, high-priced ocean front homes on The Strand and you may even spot a celebrity or two. In 2011 eight Manhattan Beach single family homes sold in excess of $5,000,000 with the highest price clocking in at $10,900,000.  Five of the eight homes sold were located on The Strand. There are currently four homes for sale in Manhattan Beach priced over $5,000,000.  Three of the four homes for sale in this lofty price range (the highest price property’s asking price is $24,900,000) are loca...
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