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Manhattan Village Real Estate Update - November 2009

11-21-09
Keith Kyle
Keith Kyle: Real Estate Agent in Manhattan Beach, CA
  • view my blog
  • Office: (310) 546-7611 x366
  • Mobile: (310) 251-2344

Well things seem to have slowed a bit in Manahattan Villagewith only one home currently in escrow and 8 homes currently active and for sale with an average days on market of 70 days. Of the 8 active listings the lowest priced home is bank owned (REO) and listed at $775,000 with the highest priced home at $2,249,000 and the average being $1,164,000. In addition to the one bank owned home at 12 Monterey Ct, there is an additional short sale at 42 Dover Pl with the other homes being standard sales. 3 of the homes are Manhattan Village court homes, 3 are townhomesand the two single family homes are located at 19 Bridgeport and 11 Chatham. 4 homes closed escrow since September 1st with and average sales price of just over $760,000. Click here or on any listing to view the current Manhattan Village homes for sale.Manhattan Village Real Estate

Keith Kyle is a licensed Realtor and e-Pro with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com and FindYourSouthBayHome.com offer the most comprehensive real estate websites in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com. For more information on the South Bay, visit my Beach Cities Real Estate blog.

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Manhattan Beach-Beach Cities Real Estate: Are we headed to boring?

10-29-09
Manhattan Beach CA/ e-PRO..... Kaye Thomas...
Manhattan Beach CA/ e-PRO..... Kaye Thomas... : Real Estate Agent in Manhattan Beach, CA
  • view my blog
  • Mobile: (310) 721-7438



Last week Curbed LA pondered that real estate may be on the way to boring. They wondered if our local real estate markets have lost the frenzy we have all come to associate with buying and selling real estate in Southern California.

However if the 24 folks who made offers on 1708 Magnolia in East Manhattan Beach last week are any indication... we have not reached boring. The home was listed for $699,000 and drew big crowds. The accepted offer was about $825,000 for a 3 bedroom+ den, 1 bath home with 1236 sq ft home on a 4870 sq ft lot that needed upgrading. A few days later 1509 Manzanita a 3 bedroom 1 bath 1098 sq ft home also needing updates on a 5247 sq ft lot in Liberty Village saw a quick sale. Originally listed for $749,000 this one appears to have accepted an offer at $799,000.

Of course the real excitement will occur when these homes are appraised. That is the cliff hanger as the loans on both these homes fall under conventional guidelines and therefore will be subject to the appraisal rules under Fannie Mae and Freddie Mac guidelines.


Mid level priced homes also seem to be faring well. In the Trees a newer home at 648 26th Street on an over-sized lot drew over 300 people at the Saturday and Sunday Open Houses. The home was built in 2004 and is on a 5120 sq ft lot. It is listed at $1,799,000. Rumor has it that they have received offers but so far no sale has been reported.


While sellers in the upscale price ranges continue to search for buyers, sellers in the entry to mid level price ranges seem to be having better luck providing they are priced right. Overpricing is still the kiss of death no matter where your property falls on the price scale. I can think of a number of homes that have been on the market forever. They were priced too high and have been rejected by buyers. Now they are "old" inventory and will likely have to really drop their price to attract interest. It's never a good idea to chase the market down at any price level.

An article in the Daily Breeze points out that South Bay median home prices were up overall even as prices were lower then at this time last year. While prices in the South Bay were up 7.4%, the Beach Cities saw prices drop 25.6% from last year. Manhattan Beach was down 12.9%, Hermosa saw declines of 25.8% and Redondo was off 7.2% from September 2008. However even though prices were off from last year by a fairly significant amount, Manhattan Beach had the highest median home price in the California with a median of $1,502,000.

Meanwhile the financial markets are very concerned about what's happening in the commercial real estate sector. For those of us who remember the S & L debacle of the '80's this could be an issue that will have consequences for the residential market. We just saw what happened when credit dried up from 2007-2008 and the effect that had on the residential housing market.


Personally, I think a little boring might be nice....

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Open Houses Abound this weekend in Manhattan Beach

10-22-09
Keith Kyle
Keith Kyle: Real Estate Agent in Manhattan Beach, CA
  • view my blog
  • Office: (310) 546-7611 x366
  • Mobile: (310) 251-2344

October 24th and 25th

Well this is certainly one of the busiest open house weekends we've seen in a while in Manhattan Beach. If you're a homebuyer in Manhattan Beach, curious about prices, or just like to visit open houses, there is just about everything available to see.....beach front Strand homes, Manhattan Village townhomes, ocean views, tree section homes.....well everything.

View this weeks open houses below and if you're seeing this and it's out of date, visit our Manhattan Beach open house page with updated lists every week.

Day

Time

Address

Description

Price

Sun.

2-4

626 Rosecrans Ave.

1 BD 1 BA, Charming,
Craftsman Cottage

$699,900

Sun.

1-4

1509 Manzanita Ln.

3 BD, 1 BA,
Great Starter Home

$749,000

Sun.

1-4

10 Cayman Ct.

2 BD, Stunning Beauty

$849,500

Sat.

2-4

22 San Miguel Ct.

2 BD, Beauty,
Golf Course

$875,000

Sun.

2-5

532 5th Pl.

2 BD, 2 BA, Charmer,
Sand Section

$899,000

Sun.

1-4

1456 Marine Ave.

6100 sq. ft. lot,
Remodeled Home

$935,000

Sun.

1-4

2204 Ardmore Ave.

3 BD, Very Cute

$979,000

Sat. & Sun.

2-5

1900 Oak Ave.

4 BD, 3 BA,
Bring an Offer

$999,995

Sun.

1-4

38 Sausalito Cir.

3 BD, 3 BA, Lovely,
Plan 6 Home

$999,999

Sun.

2-4

232 16th Pl.

3 BD, 2 BA

$1,099,000

Sun.

1-4

622 Rosecrans Ave.

3 BD, 2 BA

$1,160,000

Sat. 12-3

Sun. 1-5

3204 Vista Dr.

2 BD, SFR, Great Loc.,
New listing, Must see

$1,225,000

Sun.

2-4

318 Gull St.

4 BD, 4 BA, Must sell,
New construction

$1,250,000

Sun.

1-4

2317 Walnut Ave.

3 BD, 3 BA,
Big Backyard

$1,279,000

Sun.

2-4

432 23rd Pl.

3 BD, 3.5 BA,
Great Buy, Spacious

$1,299,950

Sun.

1-4

1816 6th St.

4 BD,3 BA,New listing,
3400+ sq. ft.

$1,319,000

Sat. & Sun.

1-4

1464 9th St.

4 BD, 4 BA,
Detached Guest House

$1,350,000

Sun.

1-4

217 5th St. #B

3 BD,, 3.5 BA,
1.5 Blocks to Beach

$1,359,000

Sun.

1-4

325 2nd St.

3 BD, 3.5 BA, View

$1,379,000

Sun.

1-4

420 23rd Pl.

Newer 2300+ sq. ft.,
3 Blocks to Beach

$1,399,000

Sat.

2-4

708 Manhattan Ave.

2 BD, 3 BA,
Bonus Room

$1,479,000

Sun.

1-4

428 21st Pl.

3 BD, 4 BA, Stunning,
Contemporary

$1,499,000

Sun.

1-4

432 21st Pl.

Ocean Views

$1,499,000

Sun.

2-4

805 Crest Dr.

3 BD, 3.5 BA,
New Price

$1,595,000

Sat. & Sun.

1-4

455 35th St.

4 BD, 3 BA, O/V Home,
New listing, Beautiful

$1,599,000

Sun.

1-4

1305 11th St.

5 BD, 4 BA, Beauty,
Contemporary

$1,599,000

Sun.

2-4

4321 Crest Dr. #A

3 BD, 2.5 BA, White,
Water Ocean Views

$1,599,000

Sun.

2-5

1312 N. Ardmore

4 BD, 2600 sq. ft.,
1500 sq. ft. yard

$1,679,000

Sun.

1-4

1605 Elm Ave.

4 BD, 3 BA

$1,699,000

Sat. & Sun.

1-4

713 Anderson

3 BD, 2.5 BA, Custom,
Stunning Home

$1,725,000

Sun.

1-4

304 16th Pl.

3 BD, 4 BA, Ocn. Vu's.
New, Green Home

$1,779,000

Sun.

2-4

4323 Crest Dr. #B

3 BD, 2.5 BA, White,
Water Ocean Views

$1,789,000

Sun.

2-4

566 31st St.

5 BD, 5 BA

$1,795,000

Sun.

1-4

433 21st St.

Gorgeous,
Mediterranean

$1,795,000

Sun.

1-4

429 21st St.

Spectacular Views

$1,795,000

Sat. & Sun.

1-4

1300 Voorhees

5 BD, 4.5 BA, New,
Cape Cod, Beautiful

$1,799,000

Sat. & Sun.

1-4

233 24th Pl.

3 BD,3.5 BA, New,
1965 sq.ft.,Great Vu's.

$1,799,054

Sun.

1-4

19 Bridgeport

5 BD, Beauty,
3,000 sq. ft.

$1,850,000

Sun.

2-4

4320 Highland Ave. #C

3 BD, 2.5 BA, White,
Water Ocean Views

$1,859,000

Sun.

1-4

305 7th St.

Best Townhome

$1,879,000

Sun.

2-4

517 1st St.

Robinson School Dist.
New Spanish Home

$1,899,000

Sat. & Sun.

1-4

521 12th St.

4 BD, 3100 sq. ft.

$2,099,000

Sat. & Sun.

1-4

232 24th St.

3 BD,3.5 BA, New,
1965 sq.ft.,Great Vu's.

$2,099,054

Sun.

2-4

562 33rd St.

Gorgeous Craftsman,
In Trees

$2,199,000

Sun.

1-4

913 Highview

3 BD, 3.5 BA, Home

$2,249,000

Sun.

2-4

420 36th St.

4 BD, 3.5 BA,
Plus Office

$2,295,000

Sun.

2-4

312 44th St. #D

4 BD, 4.5 BA, White
Water Ocean Views

$2,299,000

Sat. & Sun.

1-4

848 14th St.

5 BD, 4.5 BA, Reduced price,
Walk to School/Town

$2,299,000

Sun.

2-4

312 44th St. #E

4 BD, 4.5 BA, White
Water Ocean Views

$2,299,000

Sat. & Sun.

1-4

1308 Manhattan Ave.

3 BD, 3 BA

$2,495,000

Sun.

2-4

1706 Pacific Ave.

5 BD, 4 BA, Office,
7150 sq. ft. lot

$2,495,000

Sun.

1-4

217 32nd St.

3 Units, 3600+ sq. ft.,
Ocean Vu. Walkstreet

$2,499,000

Sat. & Sun.

2-5

903 10th St.

6 BD, 6.5 BA,
Bring an Offer

$2,850,000

Sun.

3-5

228 20th St.

Ocean view,
Walkstreet

$3,200,000

Sun.

2-4

718 N. Poinsettia Ave.

6 BD, 5.5 BA,Tuscan,
Villa, New Price

$3,489,000

Sat. & Sun.

2-4

645 12th St.

5 BD, 5.5 BA, Reduced,
Amazing Ocn. Vu.

$3,599,000

Sat. & Sun.

1-4

768 31st St.

5 BD, 4.5 BA, New

$3,599,000

Sun.

1-4

440 6th St.

6 BD, 6 BA, Brand,
New construction

$3,999,000

Sun.

2-4

121 17th

Beach Perfect Home,
Wow location

$3,999,950

Sat. & Sun.

2-5

511 Pacific Ave.

3 BD 6 Full/ 3 1/2 BA,
8300 sq. ft.

$5,750,000

Sun.

1-4

216 7th St.

4 BD, 4 Full & 2 1/2 BA,
Office, New

$5,890,122

Sun.

3-5

645 9th St.

6 BD, 6.5 BA,
New construction

$7,475,000

Sat. & Sun.

2-5

116 Terraza Pl.

7 BD, 10 BA,
Private Estate

$10,000,000

Sun.

2-5

2920 The Strand

7 BD, 6.5 BA,
Ocean Front

$12,500,000

Keith Kyle is a licensed Realtor and e-Pro with South Bay Brokers in Manhattan Beach. He serves his clients throughout the South Bay and his websites KeithKyleHomes.com and FindYourSouthBayHome.com offer the most comprehensive real estate websites in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more. Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com

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New Group- Angels in the Rain-Please Join I think we can make a difference!

10-20-09
Mary Thomas PV,RB,MB,Torrance,Pas, Arc,SM REALTOR®*
Mary Thomas PV,RB,MB,Torrance,Pas, Arc,SM REALTOR®*: Real Estate Agent in Rancho Palos Verdes, CA
  • view my blog
  • Office: (310) 946-2205
  • Mobile: (310) 946-2205

I started a new group ANGELS IN THE RAIN that would post help available in our communites and inspiring stories of good deeds during hard times.

I would love to see this be a source to the Lost and in Need in America.

If we all post any food banks, out reach in our communites than when someone is in need in America, they can come to the rain no matter where they are and find help for the hurting during these hard times in America.

The recession may be ending but we still have unemployment at 10%.

Check out my first posting of a food bank that ships food anywhere in the United States for a 50% discount to anyone. No Qualifying necessary. I would love to see more resources such as this and more angel stories of real live angels that are encouraging and reaching out in a positive way to others.

This Group is for postings of help available throughout all of the rain communities of America and for stories of real live Angels & Humans who helped those in need, or stories of those in need currently now that need an Angel and are struggling in America Today.*Food banks etc.. can post here so we can pass it on in our communities.

Each day we have a choice to be blessed by being a blessing!

That is the best blessing you can receive in his Kingdom!Angel

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Sales Trends and Prices in Manhattan Beach 2009

10-13-09
Mary Thomas PV,RB,MB,Torrance,Pas, Arc,SM REALTOR®*
Mary Thomas PV,RB,MB,Torrance,Pas, Arc,SM REALTOR®*: Real Estate Agent in Rancho Palos Verdes, CA
  • view my blog
  • Office: (310) 946-2205
  • Mobile: (310) 946-2205

Here is the latest sale prices for the Manhattan Beach Area through October,2009. We are looking stabile and will keep going slow but strong thru the end of the year. I am sticking with FoxNews and the call on the W recession...We are waiting for the next wave of Foreclosures to be released and that should trigger another wave but do to our High End Property Position the wave shall break very gently over Manhattan Beach..Ok so we can say "We are blessed above the Mess" of the current tsunami of Change that can hit soon but on the other hand- It is just like the saying : The Past is history, The future is a mystery and all we have is the Present- It's a gift..So Enjoy it! Now is a great time to buy, sell or refi, with interest rates low..

Real Estate for the Soul's Featured Property of the Week:

http://activerain.com/blogsview/388938/32646-Coast-Site-Rancho Rancho Palos Verdes Best Ocean view Condo

http://activerain.com/blogsview/306368/4134-Pacific-Coast-Hwy Torrance Newer Home Best Newer Construction

http://activerain.com/blogs/palosverdesrealtor4god/tags/homes%20historical Pasadena Victorian Updated and Prestigious

Real Estate Articles: Palos Verdes Sales Market Prices: http://activerain.com/blogsview/1283416/latest-rancho-palos-verdes-home-prices-sold-statistics-2009-charts http://activerain.com/blogsview/1283346/latest-palos-verdes-estates-housing-sold-statistics-2009 http://activerain.com/blogsview/403208/Palos-Verdes-Home-Owners

Torrance Sales Market Info: http://activerain.com/blogsview/640769/Torrance-Do-you-know

Manhattan Beach Market Info: http://activerain.com/blogsview/637229/Manhattan-Beach-June-2

Home Sellers Tips: http://activerain.com/blogsview/667760/Selling-your-Home-2

Home Buyers Tips: http://activerain.com/blogsview/672576/Buyers-How-Much-is http://activerain.com/blogsview/632181/-LOOKING-FOR-PRICES http://activerain.com/blogsview/452990/Los-Angeles-County-Great FHA

http://activerain.com/blogsview/462789/Renting-Versus-Buying-In

http://activerain.com/blogsview/389098/Tax-Savings-on-Moving

http://activerain.com/blogsview/487163/Interst-Rates-up-Dont Save money on interest buy now Save America 2009 http://activerain.com/blogsview/1256436/i-just-love-this-picture-

Family Info & events http://activerain.com/blogsview/500245/-Top-4-Best Brunches in the Pv & South Bay

http://activerain.com/blogsview/662220/Some-Great-hiking-Trails http://activerain.com/blogsview/652009/Favorite-Parks-and-Beaches http://activerain.com/blogsview/650041/Pv-Mom-s-Club LA City Guides- Places to see http://activerain.com/blogsview/142901/Searching-for-Best-Schools http://activerain.com/blogsview/233943/Internet-Safety-for-Children

Senior Care & Events Seniors http://activerain.com/blogsview/467528/Reverse-Mortgage-is-it http://activerain.com/blogsview/472230/Keep-Safe-Coalition-Protecting

More articles: Senior-Long-Term-Care http://activerain.com/blogsview/471828/Senior-Long-Term-Care

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