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Manhattan Beach, CA Real Estate News

By Lauren Perreault
(RE/MAX Estate Properties)
 The Crafstman home may set a record for the entire South Bay if it sells for its current asking price of  $28.9 million. Sitting on a massive corner double lot on the Strand and 10th Street, this historic stunner was originally built in 1922, boasts sweeping views from Palos Verdes to Malibu and sits just south of the Manhattan Beach Pier.  You'd definitely need a maid for this nearly 6,000 square footer that has nine bedrooms and 8 baths! If this one sells even near its asking price, it will reach a peak never before achieved in the area. In 2014, another home on The Strand sold for just under $16 million, and one newly consturcted home is currently showing as a pending sale at $19.8 million, which is well up from its original asking price of  $17,990,000. The listing is held by Re/Ma...
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By Lauren Perreault
(RE/MAX Estate Properties)
 David Letterman had his Top 10 list so I too thought I'd make one, as great minds think alike! Here are the Top 10 Reasons to live in Manhattan Beach. # 10. Trader Joes! Owning a home near a Trader Joe's increases your property value. Realty Trac recently released an article that shows a pretty scientific study determined that living near a Trader Joe's VS a Whole Foods store makes you money! See the Fortune.com article here and the Time Money article here.  #9. It's the best city to be single! CNN Money named Manhattan Beach the “Best City to be Rich and Single”. It's no wonder with a ton of fun things to do, eat, drink and see, this is a magical place for a date.  #8. It's close to LAX and the freeways. The biggest and best airport in LA is undoubtedly LAX and it's only 3 miles away....
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Our market indicators point to a minute cooling off of luxury home sales in Manhattan Beach as we reach the halfway point of 2015.  There's a slight increase in inventory and a dip in number of sales recorded on the local MLS.  Although the market is still firmly planted in seller territory when it comes to who the market favors, there are still several positive indicators for buyers especially if they are obtaining financing for their luxury home purchase.  Interest rates are still very good and as homes accumulate a growing number of days on market the playing field shared by buyer and sellers becomes more level.The tally for June 2015 sales of luxury homes priced over $3,000,000 in Manhattan Beach stands at 10 with 61 days on the market being the average.  There are currently 13 luxu...
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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 a bit late in getting this market report out, but last week was graduation week and there were several ceremonies to attend along with celebratory dinners to recognize several new graduates in the family.  We added a political science major, a registered nurse, a Princeton bound high school grad and an 8th grade grad who was recognized for both his academic and athletic prowess.  It was a wonderful week on the family scene, but let's move on to real estate.Here's your June update for the Manhattan Beach luxury home market:22 Manhattan Beach luxury homes priced over $2,000,000 closed escrow during May 2015.  19 were single family homes and three of the sales were townhouses.24 Manhattan Beach luxury homes priced over $2,000,000 are in escrow with accepted offers.  One of the sales wa...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Here's your luxury home update for coastal properties in Manhattan Beach, CA for the month of April 2015:13 Manhattan Beach luxury residences priced over $2,000,000 sold in April.  Five were townhouses, the remaining were single family homes.The Strand address once again took top price honors with the sale of an El Porto beach front property for $6,475,000. To receive detailed updates of what's on the market and what's selling in your neighborhood send us your email address with a request to add you to our e-newsletter.  You'll find interactive "live" maps with the skinny on what's happening in your neighborhood.  If your neighborhood is not included, we'll be happy to add it.  You may contact us at 310 493 8333 or email us at ToeringandTeam@gmail.com.Luxury Manhattan Beach homes for sa...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
For this report on Manhattan Beach, CA, luxury homes will be defined as any residential property (single family, townhouse or condo) priced at or above $2,000,000. Eight Manhattan Beach luxury single family homes sold during February 2015.  There are currently 17 Manhattan Beach luxury homes in escrow with accepted offers and 29 Manhattan Beach single family luxury homes are for sale. One Manhattan Beach luxury townhouse sold during February and five are in escrow with accepted offers.  There are currently four Manhattan Beach luxury townhouses for sale. For more information about selling or buying luxury properties in Manhattan Beach contact Charlemagne Int’l Properties at 310.493.8333 or email ToeringandTeam@gmail.com Luxury Manhattan Beach homes for sale:  
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By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
By Keith Kyle One of the questions I'm frequently asked by home buyers is "if the market favors sellers so much, why aren't more people selling their homes?" That's a great question and unfortunately I just don't have a great answer. The theory (and hope if you represent buyers) in our area over the past 2 years is that if values go up high enough sellers will be compelled to list their houses. The problem is we are there....and they're still not putting their homes on the market.  We have exceeded peak prices in our higher end markets such as Manhattan Beach and Hermosa Beach, yet home inventory is almost non-existant. I realize I'm going to sound like a realtor here, but home sellers.......NOW IS AN IDEAL TIME TO SELL!!!
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
For this report on Manhattan Beach, CA luxury homes will be defined as any residential property (single family, townhouse or condo) priced at or above $2,000,000. Six Manhattan Beach luxury homes closed escrow during the month of January 2015.  The sale prices ranged from $2,400,000 to $3,500,000. There are currently 19 Manhattan Beach luxury properties in escrow with accepted offers. 25 Manhattan Beach luxury homes are currently listed for sale.   For more information about luxury properties in Manhattan Beach contact Charlemagne Int'l Properties at 310.493.8333 or email ToeringandTeam@gmail.com Luxury Manhattan Beach homes for sale:
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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 luxury home sales closed out 2014 on a strong note with 14 single family homes selling for more than two million dollars during December.  There are currently 12 Manhattan Beach luxury homes in escrow with accepted offers.  18 luxury single family homes are currently listed for sale in Manhattan Beach.  That's a slight increase in inventory but the luxury home market in Manhattan Beach begins 2015 as a strong seller's market. If you are considering selling or purchasing a luxury home in Manhattan Beach it would be our pleasure to provide a value analysis for both sold and active properties of interest. Manhattan Beach luxury homes for sale:  
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Santa Claus showed up in Manhattan Village If you happened to be shopping in Manhattan Village, the Mall in Manhattan Beach, you probably noticed that Santa Claus took time off from his busy schedule and has been hanging out for the past few days at the Mall. Those who noticed this decided to have their pictures taken with him. So if you want your picture or your children’s picture taken with Father Christmas make sure you drop in the Mall. BTW parking is free unless you start shopping, then it could get expensiveJ). If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, fe...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices California Properties)
Poinsettias: have pet Toxins according to Veterinarians & the ASPCA Most of us think of Poinsettias as the Christmas Flower. To many nothing says Christmas better than a Poinsettia. If you are a pet owner this beautiful flower should not be in your household. According to the ASPCA and most knowledgeable Veterinarians this Plant is very toxic to your pets. So for many years I have enjoyed poinsettias from a far, or in the Malls during the Holidays. On a side note did you know that this Plant has been around since the Aztecs? The Aztec Kings loved them since it is able to bloom even in higher altitudes. Just does not like the cold. So with that said enjoy this picture which I took in Manhattan Beach at the Manhattan Village Mall. If you are considering buying or selling a home, a 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 income units remain in high demand this month. On average they are selling within the first few weeks if priced competitively. Available Units: 2 Apartments are listed for sale in Manhattan Beach priced from $2M to $7M Units in Escrow: 4 Units are in escrow ranging from $1.45M to $3.2M October sales included 3 units from $1,090,000 to $2,500,000. Unit breakdown: Triplex sales – 2 Fourplex sales - 1 On pricing, this month’s units sold an average of 2% within the asking prices. The average time on market was just over two weeks. Would you like more information about income units in Manhattan Beach? Find out the current market value of apartments you own? Toering & Team has helped many investors with both buying and selling investment properties around the entire South Bay...
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
Luxury home sales in Manhattan Beach, California are much like sunshine and ocean waves in this upscale coastal town located in the South Bay of Los Angeles--they are something you can count on happening day after day and month after month.  Here's a snapshot of what happened during October 2014 in the Manhattan Beach luxury home market.   17 Manhattan Beach luxury homes priced over $2,000,000 sold during October 2014. A Sand Section property, just steps from The Strand, topped the price chart for October by selling for $4,725,000.  The property sold for a tad over $1300 a sq. ft. and was located on a 2,698 sq. ft. lot.  Manhattan Beach dirt is super expensive especially when it is that close to the sand of The Strand.   26 Manhattan Beach luxury homes are in escrow with accepted offer...
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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 September 2014. For more information about selling or buying a home in the Mira Costa neighborhood of Manhattan Beach contact ToeringandTeam@gmail.com Homes for sale in the Mira Costa area of Manhattan Beach:   Recent home sales in the Mira Costa neighborhood 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 Hill Section in Manhattan Beach, California during October 2014. The Hill area of Manhattan Beach is known for larger, estate style homes. Many have commanding views of the ocean and surrounding neighborhoods. The home prices can rival any area of MB except The Strand with its ocean front location. Homes for sale in the Hill Section of Manhattan Beach:   Home sales in the Hill 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 October 2014. Review the map of homes sold compared to current homes for sale and you will see the Liberty / Heights neighborhood is a sought after location in Manhattan Beach.  Homes in Liberty / Heights are more affordable than most other Manhattan Beach neighborhoods, and Polliwog Park offers many events and activities for the local residents. Homes for sale in the Liberty / Heights area of Manhattan Beach:   Recent sales 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 Sand Section neighborhood in Manhattan Beach, California during October 2014. The Sand is the ocean frontage neighborhood of Manhattan Beach. It is one of the most sought after locations in the city due to the beach lifestyle. Homes for sale in Manhattan Beach - "Sand Section":     Recent home sales in the Manhattan Sand 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)
  Homes sales report for the Tree Section neighborhood in Manhattan Beach, California during October 2014.  The "Trees" area is on the beach-side of PCH but just inland from the Sand area.   It is known for having slightly more yard space than the tightly packed water frontage neighborhood. Homes for sale in the Tree section of Manhattan Beach:   Recent home sales in the Tree Section of Manhattan Beach CA:
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By Norma Toering Broker for Palos Verdes and Beach Cities, Palos Verdes Luxury Homes in L.A.
(Charlemagne International Properties)
There are currently 23 Manhattan Beach, California homes for sale priced over $2,000,000.  There are 24 Manhattan Beach luxury homes in escrow with accepted offers.  Nine luxury homes sold in Manhattan Beach during September 2014. The most expensive September 2014 sale in Manhattan Beach  was a 5000 square foot property located in the Sand Section and sold for $9,300,000 . For more information on Manhattan Beach, CA luxury homes contract Charlemagne Int'l Properties at ToeringandTeam@gmail.com   Manhattan Beach luxury homes for sale:  
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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 September 2014. Manhattan Beach is one of the beach cities of the South Bay of Los Angeles.  The coastal setting and close proximity to LAX and freeway access, fine dining and shopping make it one of the most desirable areas to live in greater Los Angeles. Homes for sale in the Village neighborhood of Manhattan Beach:   Recent property sales in the Village area of Manhattan Beach:
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