About Manhattan Beach's Manhattan Beach Village

Manhattan Beach Village Home Sales in 2009

The city of Manhattan Beach consists of six different sub-areas in the world of the real estate multiple listing services. Each of these areas has clear distinctions that make them unique from the others. The Manhattan Village area is the only fully gated community in Manhattan Beach. Also, unlike the other areas in Manhattan Beach, the Village has far more townhomes than single family homes. In fact, there are more than four times as many townhomes. Back in 2000, it was one of the more exclusive areas to live. The Village area was the second most expensive area in all of the beach cities to buy a home and the sixth in the South Bay when you add the cities on the Palos Verdes peninsula. This past decade has seen a shift occur in the South Bay in home values to the point where the Village area now ranks tenth in the South Bay. Last year was particularly tough with respect to home sales here, especially for townhomes. While most areas have, nonetheless, seen the number of homes sold drop to about half of their peak, the Manhattan Village area townhome sales are down to 20 percent of where they once were.

Sales prices are off as well. At the peak here, the median sales price of a townhome exceeded $1.2 M. Last year, the median price was closer to $825 K. Back in 2000, the median sales price was about $530 K. Likewise, single family homes started the decade at $900 K and ended it above $1.3 M. Hopefully, we will enter this new decade with a renewed energy in the market here. One positive indication of this is the fact that there are currently three townhomes in escrow following a year when only nine townhomes sold the entire year.

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While it's fairly uncommon for single family homes to come on the market in Manhattan Village, it's even rarer for the homes to stay on the market for much time. If you're interested in a single family home in this gated community now may be your opportunity with 5 homes currently on the market with 3 active listings for sale and 2 currently in escrow. Click here to see the Manhattan Village estate home floor plans

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

I am so excited about the new Open Sesame location in Manhattan Beach! It is located in the Manhattan Beach village near the Olive Garden. I am hoping they will continue to open locations in the South Bay. Maybe Redondo next? Or maybe Palos Verdes. We need more yummy restaurants on the hill :)

If you haven't already been to this restaurant I highly recommend it. It is tasty!! I first went to the Long Beach location in Belmont Shores. That restaurant is a bit different inside. It is much more quaint.

I have yet to try something on the menu that I didn't like. The service at both the Manhattan Beach and Belmont Shores location was exceptional. Each item is bursting with flavor. Check it out!

http://www.opensesamegrill.com/index.html