Manhattan Beach, CA Real Estate News

By Matt Pernice
(NW Real Estate Brokers)
Manhattan Beach Real Estate is an investment decision in quality Southern California living. The upscale, waterside beach community is beautifully situated at the southern end of the Santa Monica Bay. With white sandy shorelines and Pacific Ocean views to Catalina and Malibu, you're going to enjoy the sun's rays all year round in this stylish community of luxury residences and condominiums The city happily boasts its two-mile coastal heritage with tree-lined streets and an excellent collection of shops and exceptional dining establishments. Located in this first-class neighborhood, you will find that Manhattan Beach Real Estate has an exquisite variety of quintessential cottage properties beginning in the low $800,000 price range. A few of these bungalows offer vintage personality with ...
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By Matt Pernice
(NW Real Estate Brokers)
Regardless if a person prefers a luxury vacation lifestyle with outdoor fun or a beach home with ocean views, now is the time to shop for one of these magnificent homes in Manhattan Beach. From spacious uber mansions, to costal duplexes, to highly affordable town houses with low or no HOA fees, there is a property for everyone. All aspects are here: a year round South California lifestyle full of fresh air and outdoor fun, a tropical retirement destination or an activity-filled vacation retreat. Folks that live here divide the area into a number of neighborhoods each one have their own completely unique characters. The Sand Location refers to the neighborhood along side the coastline and includes many exquisite Manhattan Beach Homes with a amazing and relaxing character. Many of the ide...
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By Matt Pernice
(NW Real Estate Brokers)
Manhattan Beach CA Homes can certainly be identified as a community of properties produced for those searching for paradise and prestige. When it comes to the urban professional men and women raising a family unit who really likes the Southern California approach to life, year round warm temperatures, and the coastal surf, Manhattan Beach homes have numerous attractive lifestyle characteristics. Whether it’s a highly-informed and higher class culture or a prime elementary school system for those with children, Manhattan Beach is a great spot for anyone in any phase of your life to come home to. Manhattan has 35,000 residents with a outstanding median household income of $107,750, 73% having a college degree and 64% in management, professional and affiliated jobs. Through 2009, 289 singl...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Whether you're a serious sand section buyer, keeping up with the market in the tree section, or just curious to see what that house down the street looks like, there's an open house for you.  The schedule may be altered a bit if we have the expected rainy weekend, but see below for the scheduled Manhattan Beach open houses or visit our South Bay open house site for information on other cities.   Day Time Address Description Price Sun. 1-4 4 Bermuda Ct. Manhattan Village 2 BD, 2 BA,Lunch Served,MB Village Townhome $695,000 Sat. & Sun. 1-4 1319 Manhattan Bch. Blvd. 3 BD, 3 BA $749,000 Sun. 1-4 11 Cordoba Ct.Manhattan Village 3 BD, + Bonus Area,Best Buy in the Village $799,000 Sun. 1-4 462 36th Pl. 2 BD,2 BA,Spanish Style,Single Family Home $847,000 Sun. 1:30-4 330 41st St. #G 2 BD, 2.5 BA...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
The Value of an Great Education: A look at what effect great schools in Manhattan Beach, Hermosa Beach and Redondo Beach, CA have on local Real Estate One of the biggest draws to the South Bay for many families with young children is not only the clean beaches where you learn how to surf before walking, the tight-knit community and casual lifestyle offered throughout the area, but the top-notch public school system  offered in Manhattan Beach, Hermosa Beach and Redondo Beach. Each city operates its own school district, Manhattan Beach Unified, Hermosa Beach Unified and Redondo Beach Unified. What’s appealing to many homeowners or those looking to purchase in one of these communities is the fact that school-aged children can attend one of many—not just a singular—award winning public sch...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
There is ample opportunity for just about any buyer considering the gated community of Manhattan Village in Manhattan Beach CA.  Currently there are 6 homes for sale in Manhattan Village with 4 "court" homes (traditionally thought of as townhomes) 1 townhome and one "estate" or single family home at 19 Chatham priced at $1,579,000.  The market has remained very active in Manhattan Village with three homes currently in escrow.  Of the 3 on is a single family, one townhome and one court home with one being a short sale.  View the active listings below or visit our Manhattan Village information and MLS listings site. Below is a list of this weeks open houses.  Normally we see maybe 2 or 3 houses that will be open and available  so this weekend allows the opportunity to see just about every...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
  What can go wrong when searching online for a new home in Manhattan Beach, CA? What real estate website do you have ear-marked? Zillow? Trulia? Homes.com? Realtor.com? Do you ever find prices to be waaayyy off? See a house you love listed for sale then call on it only to find it sold 4 days ago? How does this happen? Where’s the glitch in the system? How come the information can be so inaccurate on such reliable, name brand sites? When using an internet service outside of a direct MLS link such as RedDoor, Zillow and the like, you can't always assume the information to reflect up-to-the-minute changes of what’s going on in the active Real Estate market.  Here’s why . . . Nowadays, a listing is built in the Multiple Listing Service by hand by a listing agent. That agent will input all ...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Have you ever seen this line in a newspaper or website? “I’m the #1 agent!” or “Hire me, I am # 1!” Did you also happen to notice that line on almost every page of the Real Estate section?  Heck, I myself am guilty of using the term myself and I am not alone.  Unfortunately, it is probably one of the most over used description an agent can use in trying to promote their skill. Naturally, the assumption is that sellers desire to hire the best in the business. So naturally, if an agent has ever achieved #1 at anything they should let you know about it. The fun part is reading the fine print, if they are brave enough to publish it. If they were, it would read something like this: “#1 agent …in my office for the month of April 2011.” What is missing from the fine print may be that there are...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Condos vs. Townhomes:  What’s the difference? What really is a condominium (“condo”, for short)? Did you know that when you see the word “townhome” or “townhouse”, you are most likely buying a condo? Let’s take a minute to examine the Real Estate market as it related to condominiums located in Southern California including but not limited to Manhattan Beach, Redondo Beach, Hermosa Beach, the South Bay Cities, and the Westside of Los Angeles. Legally, a condominium is the form of housing tenure and other real property where a specified part of a piece of real estate is individually owned while use of and access to common facilities such as hallways, elevators, laundry rooms, and exterior areas is executed under legal rights associated with the individual ownership and controlled by the a...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Manhattan Beach Hill Section – If you are a millionaire (or lucky enough to be a billionaire), you want to live in Manhattan Beach, and if having your neighbors a mere six feet away from you in the Sand Section is not your idea of comfortable living, then the Hill Section is most likely your destination.  The Hill Section obtained is name from the simple fact that it is on a hill; many might say one of the most aesthetically astonishing and residentially desirable hills in the World. That is, of course, if you based your opinion on some of the following criteria: The Climate-- A Mediterranean-type climate with mild temperatures, year round. Even when temperatures reach over one hundred degrees in Los Angeles, Manhattan Beach can easily stay a comfortable eighty degrees. The Schools-- Ma...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
All builders are the same. Wait a minute . . . that would be like saying children are all the same. They have the same parents, same upbringing, same household yet two kids from the same family and parents can often be completely opposite in personality and interests.  New homes throughout the South Bay also can be as diverse, even though they have similar beginnings. In our unique South Bay Real Estate market, values can vary dramatically, lot to lot, street to street, and builder to builder. It’s important to know where your new home came from! Having built 2 homes personally for my family, as well as partnering in numerous building projects throughout the beach cities and selling thousands of homes over the past 24 years, I am often asked what the significant difference amongst the b...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Hard to believe school is right around the corner. Summer camps are winding down and vacations are coming to a close. Kids will be back to school in their shiny new duds on Wednesday, August 31st. Click here for the full 2011-2012 Manhattan Beach school calendar. As we look ahead, I want to congratulate hardworking parents and teachers alike who have mentored and guided the children of Manhattan Beach into ranking as the #1 school district for household incomes over $800k and #6 in the nation overall. That's impressive team work. I'm sharing the article with you below. We have some great values in our current inventory; like a 3 bed 2 bath house in East Manhattan Beach, walking distance to the elementary and middle schools, for $925,000. Visit our website to view all of the great buys i...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
There's plenty to look at this weekend with an abundance of beautiful Manhattan Beach homes being held open.   Click above for other South Bay cities Day Hours Address Description Price Sat. 1-4 1450 Man. Bch. Blvd. #D 2 BD, 2 BA, View $469,000 Sat. & Sun. 2-4 1450 Man. Bch. Blvd. #C 2 BD, 2 BA, Condo,Excellent Price $469,000 Sat. 2-4 1155 11th St. #6 3 BD, 2.5 BA, Over 1700 sf $599,000 Sun. 2-4 730 Roscrans Ave. 3 BD, 1 BA, New Kitchen, Roof $709,000 Sun. 2-5 2503 N. Valley Dr. 2 BD, 1 BA,Cute Beach Bungalow $782,000 Sat. & Sun. 2-4 1630 22nd St. 3 BD, Yard, Cute $790,000 Sat. & Sun. 1-4 37 Catalina Ct. 2 BD, 2.5 BA, New ListingManhattan Village $804,700 Sat. & Sun. 1-4 37 Catalina Ct. 2 BD, 2.5 BA, New Listing Manhattan Village $804,700 Sun. 2-4 11 Cordoba Ct. 3 BD, Townhome Beauty,Ma...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Whether you're looking for an ocean view townhome, a home in the gated community of Manhattan Village, or a beautiful hill section estate, this weeks open house schedule has something for everyone.  To view open houses in the neighboring cities of Hermosa Beach and Redondo Beach, visit our South Bay open house site updated weekly. Day Hours Address Description Price Sat. & Sun. 1-4 1450 Man. Bch. Blvd. #C 2 BD, 2 BA, Remodeled, $479,000 Sat. & Sun. 2-4 1155 11th St. #6 3 BD, 2.5 BA, 1788 sf $599,000 Sun. 2-5 1420 12th St. #1 3 BD, 2.5 BA, Twnhm.Hardwood Floors $679,000 Sun. 11-1 726 Rosecrans Ave. 2 BD, 1.75 BA,Just Reduced $739,000 Sun. 2-4 730 Rosecrans Ave. 3 BD, 1 BA, New,Turn Key $779,000 Sat. & Sun. 2-4 462 36th Pl. 2 BD, 2 BA, SFR $898,800 Sun. 2-4 28 Santa Cruz Ct. 3 BD, Sharp, ...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
We've seen some recent additions and a one recent sale on the prestigious Manhattan Beach Strand in the past month.  The notable sale was of 3516 The Strand at a price of $7,300,000, a Tuscan inspired home built in 2010 by Sexton Homes.  The home was most recently priced at $8,500,000 but perhaps more telling of the state of the luxury oceanfront market was that the home was originally pre-completion priced just shy of $14,000,000 in 2009.  The combination of an unusually abundant inventory of oceanfront homes, an initial price that was extremely aggressive and a much more challenging lending environment led to an almost 50% reduction from original list price.  Currently there are 6 luxury oceanfront properties on the market in Manhattan Beach priced between $5,999,000 for 3112 The Stra...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Summer is here, and the beaches of Southern California are a major selling point whether buying or leasing property in the Beach Cities of Redondo, Hermosa and Manhattan Beach.  Who can resist the cool ocean breezes on a sunny California day?   Manhattan Beach offers a variety of properties for lease.  There is something for almost every budget.   18 Homes are available for lease in Manhattan Beach, CA ranging in monthly rents from $3,200 to $35,000. 12 Homes leased out during the month of May for $2,995/mo to $11,000/mo.  The average rental price from completed leases in May was $5,750/mo.   6 Condos/Townhomes are available for lease in Manhattan Beach priced from $5,000 to $10,500.  4 Condos/Townhomes leased in May in from $5,000/month to $9,000/month. Norma Toering & Team RE/MAX Palo...
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
April was a fairly strong month for home sales in Manhattan Beach. We saw a fairly typical 36 homes close escrow during the month but the pending home sales continued to trend upward with 45 homes in escrow. The luxury home market in Manhattan Beach had a strong month with 9 homes over $2.0M closing during April. As many of my Manhattan Beach home buyer clients have noticed there is a distinct shortage of homes in the $1.1-$1.5M range and the expected uptick in inventory prior to summer has yet to happen. The charts below show information for all of Manhattan Beach and for area specific home sales click on the links below. Tree Section Home Sales Sand Section Home Sales East Manhattan Home Sales Manhattan Village Home Sales Hill Section Home Sales     Keith Kyle is a licensed Realtor, s...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
The Tree Section The Tree Section of Manhattan Beach is considered one of the most desirable places to live. It is bordered by Sepulveda Boulevard to the East, Manhattan Beach Boulevard to the South, Rosecrans Avenue to the North, and the Sand Section to the West. Its proximity to the ocean, LAX and an easy commute to the city, make it as appealing geographically as it is aesthetically. The area adopted its name, the Tree Section, not from the many trees that populate the neighborhood, but rather from the street names: Palm , Oak, Elm , Pine, etc.  The area is also well known for its strict tree ordinance that restricts homeowners from removing most trees from their property without a permit from the city, thus preserving the visual attraction of the area. The Tree Section attracts fami...
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By Ed Kaminsky, Ed Kaminsky
(Kaminsky Real Estate Group/Shorewood Realtors)
Los Angeles Times states Housing Chill?   That's the word on the streets according to today's LA Times. The front page of the business section running Friday, May 13th would have any local homeowner nervous about their equity. I just got back from a recent cross-country trip to help advise on the opinion of value of a 25,000 square foot home in the Houston area, a Castle (literally, a Castle!) located just outside the City of New York, and some other coastal properties just outside of San Francisco. I can attest to the fact that the housing market does, in fact, appear chilly. But what does the fact that home sales have dropped nearly 10% this year mean to you?   Well if you are selling, it really means that if you were hopeful prices would rise this Spring , you  may have to hold on to...
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By Susan Murphy
(The Hoffman-Murphy Team - Keller Williams)
We just want to know! Manhattan Beach is a beautiful place to both live and visit! If you're not doing anything this weekend, really think about taking a little well-deserved relaxation time and heading towards Manhattan Beach! Filled with volleyball nets, bicycle pathways and plenty of sand, this town provides all of us with shops, restaurants, an aquarium, and miles and miles of beachside sidewalks. Interested in buying your dream home in this wonderful town? Contact the Hoffman Murphy Team today for more information, or simply give us a call at (310) 939-9393
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