Monday, March 31, 2014

Prices continue to rise on Tree Section Single Family Houses for Sale in Manhattan Beach CA

Homes in the Manhattan Beach Tree Section remain highly desirable and sought after and there is no doubt that as we get further and further into the Spring 2014 selling season prices will continue to go up. Inventory has been scarce for a while and if you are selling, there's no reason not to maximize your net proceeds. If you are a buyer looking west of Sepulveda, a house in the Tree Section is about as close to a sure thing investment as you can make. At least in the short term.

1500 Walnut Ave, Manhattan Beach CA, 90266. 

"The perfect Manhattan Beach Cape Cod home in the heart of the Tree Section walking distance to Award Winning Pacific Elementary School. This 3 bedroom home is right out of Coastal Living magazine complete with gourmet lovers remodeled kitchen with Carerra Marble counter tops, subway tile backsplash, all stainless steel appliances, and opens to a lovely living room. Hardwood floors throughout the home give it the true beach house feel and designer paint colors make this home literally one the best shingle style homes to hit the market in a long time. Timeless in every way, this home comes complete with 2 bathrooms, plantation shutters, a white picket fence, spacious yard, flagstone paver entry, 2 car garage and is located middle block in one of the most desirable cities in the USA. Walk to school and even walk or ride your beach cruiser to downtown Manhattan Beach. The perfect blend of indoor-outdoor living compliments the story book feel of this true California Beach house."


MLS SB14062987. Listed by NWRE Brokers. $1,499,000. This may be the new entry level price point for Manhattan Beach Tree Section "starters".

Thursday, March 27, 2014

North End Sand Section Manhattan Beach Townhouse with Ocean Views


Enjoy spectacular ocean views and sunsets from this amazing sand section home. Ideally located just steps to the beach, restaurants, shops and Award Winning Manhattan Beach Schools. The open floor plan with the gourmet kitchen open to the living room is great for entertaining. Three of the four bedrooms are located on one floor making it ideal for families. The spacious floor plan is appointed with hardwoor floors, travertine, granite and other fine finishes throughout. The 6 car parking will make it easy to always have lots of friends over.

I've always really liked the North End neighborhood. Great proximity to the Rosecrans corridor for shopping, restaurants and entertainment, great freeway access, close to the beach of course and a real small town feel that's hard to find these days.

Listed by Shorewood Realtors MLS SB14061657. $2,350,000. 4 bedrooms 3.5 baths, 2454 sq ft, built in 2001.3304 Alma Ave Manhattan Beach CA 90266. 

Tuesday, March 25, 2014

Manhattan Beach Sand Section House with Views

Island Modern 4 Bedroom & 3.5 Bath Single Family House (not a townhome) boasts incredible unobstructed, panoramic ocean views from PV to Malibu. An entertainer's dream kitchen with state of the art stainless steel appliances including a Eurocave 100+ bottle wine refrigerator, a professional 6-burner Thermador stove & double oven, a GE Monogram refrigerator & Bosch dishwasher and features lagos azul limestone & custom Cherry cabinets. The top level Floor to Ceiling retractable Fleetwood pocket doors open to a deck w/ private spa tub & outdoor fireplace. Amenities include French Doors, Maple hardwood & slate floors throughout, an integrated sound system/DVD players throughout the house, a Security/Intercom system with camera, 3-zone A/C & much more. Located in the heart of a classic coastal neighborhood, this beach house is a nucleus for family and friends. This peaceful retreat unfolds to reveal a thoughtful balance between indoor and outdoor living with many unexpected features. Relaxed but refined, crisp but inviting,the casual elegance of this purposeful environment embraces an active beach life where sun, sand, ocean breezes, and memories are closely interwoven. MLS SB14056779. 3316 Crest, Manhattan Beach CA 90266. Listed by NWRE Brokers $2,299,000.



Tuesday, March 11, 2014

If you think that there aren't a lot of houses for sale in Manhattan Beach CA 90266....

If you think that there aren't a lot of homes for sale in Manhattan Beach CA 90266 you are absolutely correct. Or at least not a lot from my perspective. Here's why.

Currently there are 42 active Manhattan Beach MLS listings and another 40 in escrow (MLS status "backup" or "pending"). So, in the unlikely event that nothing else was listed, we would have just enough inventory on hand to cover one month. I also get the same result by another metric. That is, looking back at what has sold (closed escrow) over the past 30 days in Manhattan Beach. By that count we get 35 sales and we can say we have 1 month plus another week of inventory on hand. Still probably not enough to satisfy housing demand in 90266.

Diving deeper into the active listings, there are 8 Sand Section homes for sale, 15 Tree Section listings, 4 in the Manhattan Beach Hill Section, 3 in Manhattan Village, and 10 in East Manhattan Beach (MLS Areas 146 and 147).

The median price of active Manhattan Beach listings is $1,957,500 with the distribution in the higher end luxury home segment at 13 homes listed fro sale between $2-$3M, one in the high $3's, 2 in the $4M range, 2 in the $5M range and then a jump up to $12,875,000 for the most expensive home for sale in Manhattan Beach and it isn't even on the Strand!

Single family homes dominate the conversation. Of the available listings, only 4 are townhomes or condos and the rest are SFRs.

THESE ARE ALL THE CURRENTLY AVAILABLE HOMES LISTED FOR SALE IN MANHATTAN BEACH CA 90266


Friday, March 7, 2014

Tree Section Classic Mediterranean House for Sale


This beautiful warm Mediterranean  home is located on a wonderful family street walking distance to schools, downtown Manhattan Beach, and sand. This home has an updated open floor plan with a light bright feel. The home offers a great space for families and entertaining. Gourmet kitchen attached to a grand family room and opening to a spacious backyard with built in BBQ kitchen, Spa and lots of play area. 5 large bedrooms with an extra office/studio room. All the rooms have been upgraded with wood floors and custom closets. It has 4 full bathrooms with remodeled features. Recent Upgrades: Kitchen remodel including new Sub Zero Refrigerator; Completely remodeled Master Bathroom Suite; Hardwood Floor; Custom mirrored closets and design; 2 Heaters; A/C; New Roof (lifetime guarantee); Window treatments; Built in Office Cabinets, New front and backyards, Custom garage storage.




View full listing.

If you are not familiar with the Manhattan Beach Tree Section, here's what I can share with you.

The Tree Section is comprised primarily of Single Family Homes (SFRs) sitting on 5000 sq ft lots although there are also considerably larger lots as well. It is located West of Sepulveda Blvd (PCH) and East of the Manhattan Beach Sand Section. The northern boundary is Rosecrans and on the South Manhattan Beach Blvd. You will find everything from new construction SFRs to original mid century homes and even a few older ones. Prices can vary considerably if you are in any of the
sub-neighborhoods such as American Martys or the Gaslight District.


While at first you might think that the name comes from the many trees you will see in the neighborhood, the real derivation is the street names: Palm, Oak, Pine, Elm, etc. It is a great place to live and many residents find it an easy walk or bike ride to downtown and the beach.

Saturday, February 15, 2014

Selling a Home in Manhattan Beach CA? Here's 7 Seller Tips


What can you do to maximize how much you can sell your Manhattan Beach Home for? Here's 7 Selling Tips you might find useful to avoid costly mistakes:
  • Prepare your home to get a positive emotional response from the Buyer
  • Price it to Get Multiple Offers over the asking price the first 10 days
  • Don't Over Upgrade (if you are painting, putting in new flooring, or updating appliances)
  • Make your home extremely easy to see and available for Buyers
  • Talk to your Neighbors - they may know someone who want to live in the neighborhood
  • Be aware of your obligations to disclose (which I will discuss with you)
  • Follow your Agent's advice. This is what we do for a living!
Follow this link to download a Free Guide with more information on each of these key topics.

If you are thinking of selling a home in Manhattan Beach CA and are wondering what you need to do to prepare your home for sale, watch the video below and then follow this link to download the free PDF with my Seller's Tips. If you don't have a login, you can create one on the fly.


7 Seller Tips PDF Free Download

It's a great time to be a seller in the Beach Cities or South Bay. Call me at 310 975 5139 and we can discuss your situation as well as my strategy to sell your home for the highest price possible and help you maximize your bottom line. I cover Redondo Beach, Hermosa Beach, Manhattan Beach and  Torrance CA.

Follow me on Twitter @ellisposner for more Real Estate News, Trends, and Market Updates.


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Redondo Beach Home Sales 2013: Townhomes, Condos, and Houses
Hermosa Beach CA Real Estate Agent Ellis Posner 2013 Home Sales
Most Expensive Hermosa Beach Ocean View House NOT on The Strand

Sunday, January 26, 2014

Sand Section Homes for Sale in Manhatta Beach CA

We all get that inventory has been very light recently at the Beach but I can't believe there are only 7 homes for sale in the Manhattan Beach Sand Section. Wow. I guess that's what's mean by a Seller's Market. Here's what's listed for sale:


By comparison, there are currently 13 homes for sale in the Hermosa Beach Sand Section and more choice under $2M. Ironically, a property on the Hermosa Beach Strand is priced higher than The Manhattan Beach Strand.

Saturday, January 11, 2014

Teardowns and New Construction Homes in Manhattan Beach CA

Manhattan Beach WalkStreet Ocean View
If you've been following my various Real Estate blog sites such as www.90278realestate.com, www.90254realestate.com, or www.ellisposner.com, you already know that I have been tracking new construction homes at the beach for quite a while. Other than I like new construction - and who doesn't love the smell of fresh paint and carpet, new homes are what defines the market in terms of price because why would anyone pay more for a comparable resale if you can buy new.

In Manhattan Beach, Hermosa Beach, and Redondo Beach, CA, buildable lots are at a premium. Last year I sold a buildable R2 lot in North Redondo Beach with multiple cash offers from builders before it even hot the MLS. Why? There just aren't that many lots left to build on that can be acquired at a workable margin. So, while many builders have been sitting on lots, "banking" them in real estate lingo, we are simply running out of lots to build on.

Manhattan Beach New COnstruction Living Room

A recent article in the LA Times had this to say about teardowns and new construction in Manhattan Beach CA:

"Tear-downs have long stirred controversy, especially in beach communities — once-funky towns that have seen property values skyrocket over the years amid an influx of wealthy residents, chic boutiques and cafes. Many who grew up in the area have moved out, unable to afford a house with an ocean breeze. Many who did own homes couldn't resist cashing in.
Death often precedes a tear-down. For example, when an elderly homeowner passes away and children choose to sell rather than live in the property. The competition for what developers call lots — because the land is more valuable than the house — is fierce.

Manhattan Beach Teardown
The front-end loader swung to the right and took a bite out of the shingled roof of the quaint cottage. The roar of the engine and crackle of buckling lumber carried down Elm Avenue in Manhattan Beach.


Within 40 minutes, a demolition crew reduced the 1950s one-story to rubble. The 782-square-foot house would be replaced by a 3,300-square-foot Cape Cod.
"It feels exactly like the good old days," said the property's developer, Mike Leonard.

Those days of booming demolition and construction came during last decade's housing bubble. Now, tear-downs are again on the rise in Southern California's affluent communities, as a rebounding housing market triggers a residential reconstruction boom.
With little vacant land left, developers and wealthier buyers are snapping up small, older houses in sought-after locales, then leveling them to build modern mansions.

Manhattan Beach Walkstreet Home

The wave of demolition has revived criticism that the new homes tower over those next door and clash with neighborhood character. Residents complain that their once-quiet streets have become perpetual construction zones.

The upscale South Bay town of Manhattan Beach exemplifies the trend. Builders in the city pulled permits to demolish 84 residential units from July 2012 to June 2013, the latest available data. That's nearlydouble the number pulled for the same period a year earlier. In August, one Manhattan Beach City Council member described the ongoing construction as a tsunami.

Prominent Manhattan Beach builder Matt Morris recalled a lot he purchased in the spring.
"I overpaid, in my mind, by $250,000," he said.

The day after he went into escrow, Morris said, another developer offered to pay $150,000 more for the property. He declined the offer. There are simply too few lots available. And Morris believes he stands to make more upon selling the newly built house.

Manhattan Beach New Construction Rendering

Manhattan Beach, which long ago morphed from a quaint beach town to ritzy burb, has recently been debating tightening its anti-mansionization ordinance, which aims to reduce the visual bulk of new homes and preserve older ones.

Leonard, the developer who demolished the Manhattan Beach cottage in October, said he is "ambivalent" about the new restrictions under consideration.

"As long as it satisfies the residents," said Leonard, who has constructed many Cape Cod-style houses throughout the city. "If the city and residents want small, I build small. If they want bigger, I build bigger."

Other local developers, however, have criticized the proposed changes. After the push-back, the City Council voted in November to send the proposals to the Planning Commission for further study."

Monday, November 25, 2013

Manhattan Beach CA 90266 Real Estate for Sale: MLS Townhouse, Condo and Single Family Home Listings

Welcome to www.90266realestate.com.
If you want to buy, sell, list, or are just interested in Manhattan Beach CA Real Estate Market Trends, you've come to right place to search for homes for sale from all Brokers, Agents, and Realty Companies in the area such as Shorewood Realtors, South Bay Brokers, RE/MAX, Keller Williams, Prudential, Coldwell Banker, Redfin, Zip Realty, etc as well as the specialty shops.


Whether it is a Townhouse, Single Family Residence, Sand Section, Tree Section or Hill, you will find it on this site.

90266realestate.com offers a local perspective with insight into the market place, data and statistics that the national Real Estate websites such as Zillow, Trulia, Realtor.com and the others just do not have. Our state of the art map based home search and house hunt integrates directly to Zillow for values. The screens are not cluttered with non related ads and we are always here to answer your questions. This is the feet on the street view local agent real world perspective. What's actually happening right now and what you can expect to find as a buyer or seller.


In addition to the hundreds of homes listed in the MLS (multiple listing services), we also have access to a number of "off market" pocket listings that will not appear on any website. And, if you are looking for value, we are running a number of SPECIAL OFFERS including rebates to help pay for your closing costs that offer significant out of pocket savings.

Call 310 975 5139 for more information or email socalistings@yahoo.com. Enjoy! 


Click on any of the homes on the map for more information. These are always the most current MLS listings and update in real time.

 

Tuesday, September 17, 2013

Sand Section Modern Townhouse with Ocean View in Manhattan Beach CA 90266


217 4th Place, Manhattan Beach CA 90266. Sand Section attached townhouse. 3 bedrooms, 3.5 baths, 2100 sq ft. MLS SB13122567. $2,230,000.
 
"Located in a premier view location on the east edge of Bayview in South Manhattan, this 3 bedroom, 3.5 bath approx. 2100 sf townhome features stunning ocean views, a short walk from the beach and town. Built in 2004, this property has many custom features including dramatic stairway featuring curved glass windows, 4 slate covered decks, 2 fireplaces, a 3 stop elevator, an extra deep two car garage, Hepa air filtration system, indirect lighting, wiring for electronic blinds, surround sound in living room, and more. Gourmet kitchen with smashing ocean and MB pier views, with top end stainless steal appliances including Sub Zero refrigerator, Thermador CMT double wall oven plus warming drawer, 5 burner gas cooktop and ceiling mount Glass Hood and Thermador dishwasher. Master suite with office area, large master bath with 6 head steam shower and spa tub, and large walk in closet with extensive custom built-ins. Lower 3rd bedroom has been opened up to function as second family room.. easily converts back to bedroom. Covered guest parking is shared with other unit."


Looking for a Manhattan Beach Sand Section home for sale? The following pre-set MLS search of Area 142, Manhattan Beach Sand Section, update in real time whenever you click on the click even if you are reading this blog post months after it is published.

Manhattan Beach Sand Section Listings, Condos, Townhouses, SFRs, Foreclosures, Short Sales
Manhattan Beach Sand Section MLS Listings less than $1,000,000 Condos, Townhouses, SFRs
Manhattan Beach Sand Section MLS Listings $1,000,000 to $2,000,000 all property types
Manhattan Beach Sand Section MLS Listings over $2,000,000 Condos, Townhouses, SFRs
Manhattan Beach Sand Section condominiums - townhomes for sale MLS listings
Manhattan Beach Sand Section Single Family Detached homes for sale MLS listings
Manhattan Beach Sand Section Realty Homes 4 bedrooms and larger MLS listings
Manhattan Beach Sand Section Realty Homes 1000-2000 sq ft Manhattan Beach MLS listings
Manhattan Beach Sand Section Realty Homes 2000-3000 sq ft Manhattan Beach MLS listings
Manhattan Beach Sand Section Realty Homes over 3000 sq ft Manhattan Beach MLS listings