Published on 2012-09-02 14:54:00
If you think it would take an amazing house to break the sales price record in an area where the median sales price of a home is over $1 million, you would be correct.
Although prices are up 13 percent above last year at this time, the sale of 1918 Manhattan Avenue on August 15th is one for the record books. It sold for $5,350,000 -- the highest price ever paid for an off-Strand home in Hermosa. We noted this property prioir to it hitting the market on our blog post, Sellers Testing The Upper [..]
Published on 2012-08-28 19:44:00
If you’re considering purchasing or selling Manhattan Beach houses or real estate you may have wondered how we come up with a suggestion on current market value. It’s always based on the sales prices of comparable homes. Think of current list prices as a bit of a fantasyland for the seller. It merely represents what sellers hope to get for the home, not what homes are truly worth.
To illustrate this point, let’s look at a Manhattan Beach home that was listed in March of 2012. The aver [..]
Published on 2012-08-23 10:15:00
All it takes is one property to get the price-hike ball rolling. Look back to late 2011 and you’ll see what I mean. In December, 3002 Hermosa Avenue (interior picture on the right and below) sold at $931 a square foot, or $3,350.00. Then, the snowball effect began, picking up steam as it rolled along. Not only did 3002 Hermosa justify the new, higher prices, but buyers were feeling more comfortable and even started showing some aggression in offering prices.
If you aren’t familiar with o [..]
Published on 2012-08-21 17:13:00
The real estate market in Manhattan Beach never ceases to amaze me – especially lately. The inventory is tight and it doesn’t appear that it will loosen up anytime in the near future. With all the prime properties either sold or in escrow, investors and traditional buyers are forced to look for homes on streets they previously wouldn’t have considered.
This past Saturday, four homes on the same street (two townhouse buildings) went into a pending status after being on the market for alm [..]
Published on 2012-08-19 09:58:00
The Tree Section overall has been on fire with little to no inventory and very active buyers all year. Since the beginning of the year, buyers saw this as an opportunity with low interest rates and prices down to snatch up a property. The 500 location is a very desireable spot with close access to a few parks, the sand dunes, and still walkable to the beach.
583 31st Street Manhattan Beach: Listed on August 9th, 583 31st St. is already under contract and has a backup offer in place. Off [..]
Published on 2012-08-15 20:09:00
Life on any of the South Bay’s amazing beaches is a dream-come-true for many and a dream being pursued for many others. Hermosa Beach is a small city full of down-to-earth residents that can typically be found at the beach, at the pier, at one of our charming watering holes or grabbing a bite at one of the city’s great eateries.
In other words, Hermosa Beach locals take advantage of all that this 1.4 square mile slice of Southern California has to offer. If you aren’t familiar with H [..]
Published on 2012-08-14 21:53:00
After a very long 2 year fiasco, we are finally closing the books on 2811 N. Valley in the Tree Section of Manhattan Beach. The Chase owned foreclosure is finally closed and recorded for $850,000, which makes this under $400 a square feet.
But don't be fooled. This one was on a skinny 25X100 lot on the busy Valley Drive. The property appraised for $950,000 so it looks like our client got a GREAT DEAL.
This one had 2240 square feet with an additional 450 square feet of "boot leg" [..]
Published on 2012-08-14 21:46:00
Manhattan Beach high-income homeowners who are considering selling their homes should probably consider doing so before the end of the year. There’s a new 3.8 percent tax going into effect on January 1, 2013, imposed on certain investment income.
How much you’ll owe from the proceeds of the sale of your home depends on your income and how much profit you make off the sale. This new tax, an Obama administration strategy to raise money for the Patient Protection and Affordable Care Act, ap [..]
Published on 2012-08-09 19:34:00
While Manhattan Beach is a small city, we have a great big real estate market. Not “big” in the number of homes available, but huge in the amount of money that changes hands during the typical transaction. For instance, in the second week of July this year the median sales price of residential real estate in Manhattan Beach was $1,716,250.
It’s a pity the inventory of available homes isn’t as impressive. During the month of June inventories in the South Bay in general were down 40 per [..]
Published on 2012-08-08 23:45:00
An interesting fact about “beach property in California” is that while beaches dot the entire California coast, from north to south, the perception of beach property in California is of those in the southern part of the state.
Northern California homes, if located on the beach, are generally described as “ocean-front.” I’m not sure, but I think it has something to do with the differences in climate and lifestyle between the two areas. Southern California’s weather is more conduciv [..]
Published on 2012-08-06 14:02:00
Pocket Listings in Manhattan Beach: The "secret" inventory that floats around in the broker community. Unless you are working with a Manhattan Beach realtor directly you will typically not have access to this list. Here is the list of Manhattan Beach pocket listings updated every week on Friday. In order for us disclose the full address, you must contact Matt or call us direct at (310) 808-3247.
Manhattan Beach Tree Section: $1,299,000 3 bedrooms, 3bathrooms, 40X125 Lot.Manhattan Beach [..]
Published on 2012-08-04 20:59:00
In 2011 we saw an influx of stagnant Strand homes in Manhattan Beach for sale. Properties that did not find a home in 2011, saw bidders gobble them up in 2012. We saw this numerous occasions so far this year. We are going to take a look at all of the properties in 2011 and 2012 on The Strand in Manhattan Beach.
Strand Homes In Manhattan Beach: Available In 2011 But Sold In 2012
1712 The Strand, Manhattan Beach: A+ location only 6 blocks north of the pier, very walkable to downtown. B [..]
Published on 2012-08-01 17:32:00
A Manhattan Beach ocean view home was just listed on July 25, 2012 by Matt Pernice of NW Real Estate Brokers. Matt Pernice specializes in The Sand Section of Manhattan Beach along with ocean view homes.
The list price of this ocean view home is $1,350,000 and provides great flexibility to a new buyer. Rent out the unit downstairs and live upstairs or incorporate the rental into the main living area. The choose is yours!
Located in the northern part of Manhattan Beach, California thi [..]
Published on 2012-07-28 10:10:00
Description: Ocean View Single Family in The Sand Section of Manhattan Beach. This property is within walking distance to all of the bars, restaurants, and yoga studios found in North Manhattan.
Additional Details:Asking $1,350,000Single Family Zoned (R1)1225 Square Feet1350 Square Feet Lot Dimensions of 30X453 bedrooms and 2.0 bathrooms total
Published on 2012-07-22 01:16:00
The 100 block is one of the most desireable locations in all of Southern California. Huge ocean views without the traffic of a strand home. Majority of the properties on the 100 block are situated on a full 30X90 lot with a north/south orentation. Let's take a look at the all of the properties that have traded hands thus far on the 100 block this year.
128 18th St Manhattan Beach, CA: Situated on one the most desirable walk streets north of the pier. This ocean view north facing [..]
Published on 2012-07-16 18:20:00
Looking for the full listing on this property? Find the detailed report on 3615 Crest Manhattan Beach.
Description: Ocean View Duplex in The Sand Section of Manhattan Beach. This property is owned by Chase Bank and is one of two Foreclosures in Manhattan Beach.
Additional Details:Asking $905,000Legally Zoned DuplexBuilt in 1958, but remodeled several times1450 Square Feet1350 Square Feet Lot Dimensions of 30X453 bedrooms and 3.0 bathrooms total
Published on 2012-07-16 17:57:00
View the full listing report for 201 43rd St in the north end of Manhattan Beach CA.
Description: Single family detached home in North Manhattan Beach, CA. This El Porto home ocean views from two levels and is in a great location to hit the local surf spots.
Additional Details:Asking $1,479,000 Single Family ResidenceBuilt In 20031799 Square Feet1350 Square Foot, Lot Dimensions 30X45 3 bedrooms, 3.5 bathrooms
Please note that there was an error on a few of the details on the vide [..]
Published on 2012-07-15 22:40:00
A hoover video over Manhattan Beach, CA. Thought this gave a great perspective over our city. It was shot at dawn with a helicopter and shows a great sunrise in the video. Check it out!
Published on 2012-07-03 21:21:00
View the high definition video tour of this Manhattan Beach home. Can't find the video you are looking for? Contact us, and we will take a high definition video tour for any property you are interested in.
Description:Single family detached home in the Sand Section of Manhattan Beach. A great alternative to a townhouse, situated on a corner lot.
Additional Details:Asking $1,499,000Single Family ResidenceBuilt in 20062000 Square Feet1350 Square Feet Lot Dimensions of 30X453 bedrooms and [..]
Published on 2012-07-03 21:16:00
Description:New 2012 modern build on the 400 block of 34th St with big ocean views. Contemporary build designed by local Hermosa Beach arcitiecht Larry Peha.
Additional Details:Asking $3,299,000Single Family ResidenceBuilt in 2012 4300 Square Feet2700 Square Feet Lot Dimensions of 30X904 bedrooms and 4.5 bathrooms
Published on 2012-06-30 00:45:00
Major banking institutions in the nation are starting to shift gears on how they deal with non-performing mortgages. Before now, banks would focus on liquidating non-performing assets by going through the foreclosure process via trustee sale. The banks would then take these assets and hire outside assets management firms that would in-turn hire Realtors to dispose of them. Banking institutions are not in the business of holding real estate inventory rather they make their money on the yield they [..]
Published on 2012-06-29 14:14:00
As real estate in the sand section of Hermosa Beach continues to heat up, sellers are starting to test the higher-end markets with listings like 1918 Manhattan Ave, a home in Hermosa Beach, CA. This property is like no other we've seen in Hermosa Beach. Yeah sure there are really nice modern builds on the Strand but something this nice not on the Strand? Being offered at over $1,000 a foot we had to go take a look. View all of the additional pictures of this property here.
This recent 2011 bu [..]
Published on 2012-05-20 19:21:51
Related posts: Lastest Manhattan Beach Homes (Sand Section) Manhattan Beach Homes Sold in Last 90 days Manhattan Beach Pending Homes May 2011 Latest Hermosa Beach Homes (Sand Section) Battle On The Strand – Manhattan Beach 2011
Published on 2012-05-11 09:51:10
Townhouses in Manhattan Beach are selling faster than they can make it to market. Townhouses or condos are usually two on a lot meaning a standard full lot is 30X90 in the sand section are built with two units, either being detached or attached. Is there a preference between detached or attached? Detached units are generally more desirable due... Read More
Published on 2012-04-01 22:10:26
This home is one of a kind. The striking 3,774 square foot home, designed by KAA and built by Jay Wishman. It boasts 3 bedrooms plus an office and a media room with 4 bathrooms, and could be used as a 5 bedroom. As you enter the property, you know you are not just entering... Read More
Published on 2012-03-17 12:43:20
As we cross into 2012 the market looks much different, flush with agressive buyers and non existent sellers. With the low inventory in MB, just 82 properties currently and multiple bids across the price spectrum it makes you look back and say “Is the bottom in?” I dont want to call the bottom here but the market activity suggests... Read More
Published on 2012-03-15 10:06:47
Price $TBD (Coming Soon) 2 bedrooms/1 bathroom 660 Square Feet 1320 Square Feet Lot 30X44 Lot Condition:Fair Location Location Location! Charming beach cottage in the heart of Hermosa Beach sand section. 2 bedrooms, 1 bath with new carpet and engineered wood flooring. Move in condition! Build later with unblockable panoramic ocean views. Related Posts 8640 Gulana #J2010... Read More
Published on 2012-03-15 09:56:17
Bank of America Foreclosure 2 bedrooms/1 bathroom 790 Square Feet Single Family Residence 6001 Square Foot Lot Condition:Fair This terrific beach bungalow has 2 bedroom 1 bathroom and is located in the desirable neighborhood of Torrance just 6 miles from the beach. With hardwood floors, a detached garage, and wood paneled walls. This home is conveniently located near... Read More
Published on 2012-02-11 20:40:15
5107 Ocean Front Walk Marina Del Rey, CA 90292 – Looking for alternatives to Manhattan Beach & Hermosa Beach Ocean Front Property? Related Posts 5107 Ocean Front Walk Marina Del Rey, CA 90292 Yahoo News PRESS RELEASE: Soft Modern Beach Front Living In Marina Del Rey, California 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered... Read More
Published on 2012-02-11 19:59:40
Quite simply one of the finest spec (developer built) walkstreet homes to ever hit the market. Located in the 100 block, on perhaps Manhattan Beach’s best walkstreet, this incredible tropical contemporary home combines extraordinary design with exceptional location. A short walk from the downtown, this home features 5 bedrooms, 5.5 baths, two family rooms, and... Read More
Published on 2012-02-10 16:07:20
Matt Pernice of NW Real Estate Brokers a boutique real estate firm in Manhattan Beach, CA lists 5107 Ocean Front Walk in Marina Del Rey for $8,650,000. Manhattan Beach, California (PRWEB) February 07, 2012 Matt Pernice of NW Real Estate Brokers in Manhattan Beach, California offers a unique and rare opportunity on the sand in Marina Del Rey. This truly one of a kind soft... Read More
Published on 2012-01-31 10:09:43
Related Posts 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey CA 90242 Offered At $8,650,000 5107 Ocean Front Walk Marina... Read More
Published on 2012-01-31 00:07:10
Related Posts 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey CA 90292 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey CA 90242 Offered At $8,650,000 5107 Ocean Front Walk Marina Del Rey, CA 90292