Recent Home Sales and Current Active MLS Listings. Find Homes for Sale in Manhattan Beach. Condos, Townhouses, Single Family Detached Homes, Foreclosures, REOs, Short Sales, and more...

Whether you want to buy or sell a home in Manhattan Beach, CA,  having the most current Real Estate data and search tools can only benefit you. This website offers comprehensive analysis, tips to buy or sell real estate, a best of breed MLS map based search as well as the inside scoop on many home listings.

Currently, there are 154 Manhattan Beach home listings for sale in the MLS which include 39  homes that came on the market over the last 30 days.

There were 26 residential home sales in Manhattan Beach during October 2010. This compares to 35 homes sales for October 2009 and 39 home sales during September 2010. There are 60 homes currently in escrow (MLS status pending or backup.)

Following is a detailed analysis of October 2010 Manhattan Beach home sales. To view the current inventory of homes available for sale in Manhattan Beach, use our pre-set searches which follow the sales results for each Manhattan Beach neighborhood to find active MLS home listings. If you have any questions, want to see homes listed for sale or to buy or sell Real Estate in 90266 call 310 975 5139 or email socalistings@yahoo.com. To find out whether home prices are going up or down in Manhattan Beach, follow this link for our Market Snapshot interactive report.

Manhattan Beach Sand Section Home Sales October 2010

3408 Crest Dr, Manhattan Beach CA 90266. MLS # V10005272. Single Family Detached Home.  2 bedrooms, 1.5 bathrooms, 1098 sq ft. Listed for sale $899,000 Sold for $810,000. 255 Days on Market.  Listing Brokerage Keller Williams. Real Estate Agents: Sell Rebecca Chambliss; Buy Kelly Gibson, Northwest Realty. Short Sale. Comments: Proof that short sales can well be worth the wait.Excellent North End Manhattan Beach Sand Section location. Was used as a duplex but could easily be converted back to a standard single family home.

121 42nd St, Manhattan Beach CA 90266. MLS # 10476695.  Single Family Detached Home. 2 bedrooms,  2 bathrooms, 1072 sq ft home on a 1350 sq ft lot. Listed for sale $829,000 Sold for $880,000. Listing Brokerage Prudential Beverly Hills. Real Estate Agent: Sell - Buy Lucio Bernal. REO Sale (bank owned foreclosure) Comments: El Porto Sand Section North End location one block to the Strand. This one is proof that you can sell a home for significantly more than the listing price. Our strategy for anyone who wants to sell a home is to price 3-5% below fair market value and you might actually net 1-3% over comparable home sales.

4419 Highland Av, Manhattan Beach CA 90266. MLS # S10084825. Single Family Detached Home. 4 bedrooms, 3 bathrooms, 2001 sq ft. Listed for $998,000 Sold for $940,000. 14 Days on Market.  Listing Brokerage Shorewood Realtors. Real Estate Agent: Sell - Buy Uni Mayesh, Shorewood Realtors. Standard Sale. Comments: You may have passed this home numerous times - it's on the corner across from the Chevron gas station. But is is west of Highland and a few blocks to the Strand.


225 41st St, Manhattan Beach CA 90266. MLS # S10091169 Single Family Detached Home. 2 bedrooms, 2 bathrooms, 1292 sq ft. Listed for $1,099,00 Sold for $975,000. 68 Days on Market. Listing Agent Brokerage Shorewood Realtors. Real Estate Agents: Sell Fred Zuelich;  Buy RE/MAX Palos Verdes. Standard Sale. Comments: Cute North End El Porto Sand Section home with white water ocean views 2 blocks to the Strand. If you want to buy, notice the delta between the listing and asking price. It's a buyer's market.


225 39th St, Manhattan Beach CA 90266. MLS # Single Family Detached Home. 3 bedrooms, 1.5 bathrooms, 1592 sq ft. Listed for $1,179,000 Sold for $1,159,000. Days on Market 40.  Listing Brokerage Shorewood Realtors. Real Estate Agents: Sell - Kris Terrill; Buy Shorewood Realtors. Standard Sale. Comments: Excellent North End Sand Section location 2 blocks to the Strand. Ocean views and move in condition. Good example of price right, show right to sell without price reductions.


 
2813 Vista Dr, Manhattan Beach CA 90266. MLS # S10081020. 2 separate freestanding 2 bedroom 1 bathroom homes. Listed for $1,465,000 Sold for $1,425,000. 55 Days on Market.  Listing Brokerage Coldwell Banker Residential. Real Estate Agents: Sell Sean Goodsell; Buy South Bay Brokers. Standard Sale w/$5,000 credit for repairs. Comments: Ocean view Sand Section property. We're not sure if this pencils out as income property, but certainly should for live in now, build later.


301 2nd St, Manhattan Beach CA 90266. MLS #
S10065220. Detached Townhouse Condo. 3 bedrooms, 3.5 bathrooms, 2111 sq ft. Listed for $1,659,000 Sold for $1,625,000. 110 Days on Market.  Listing Agent Brokerage Shorewood Realtors. Real Estate Agents: Sell Jeremy Shelton Buy Shorewood Realtors. Standard Sale. Comments: Don't let the legal description (townhouse condo) fool you. This one, as the saying goes, "feels like a single family home.) Perfect corner, west facing South End Sand Section location just three blocks to the Strand with unobstructable ocean views and sunsets.


228 32st St, Manhattan Beach CA 90266. MLS # S10065261. Single Family Detached Home. 4 bedrooms, 3.5 bathrooms,  3937 sq ft. Listed for sale $4,895,000 Sold for $3,800,000. 110 Days on Market.  Listing Agent Brokerage Northwest Realty. Real Estate Agents: Sell Jim Lisi; Buy Shorewood Realtors. Standard Sale. Comments: WOW. Amazing North Manhattan Beach Sand Section walk street ocean view new construction 2 blocks from the Strand. 'Nuff said.



Manhattan Beach Sand Section Active MLS Home Listings
90266realestate.com is your Manhattan Beach Realty resource if you want to buy or sell Real Estate at the beach. To find homes for sale in the Manhattan Beach Sand Section, click here to view all Sand Section condos, townhouses, single family homes, short sales, foreclosures, REOs, listed in the MLS.  Schedule a showing online or call 310 975 5139 to view properties in person. Here's some other popular Sand Section MLS searches to find homes. You can modify your search results by toggling back to the search tab, changing the criteria and hitting results.


Find Homes Manhattan Beach Sand Section
Manhattan Beach Sand Section MLS 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
Sand Section Realty Find Homes 4 bedrooms and larger MLS listings
Sand Section Realty Find Homes 1000-2000 sq ft Manhattan Beach MLS listings
Sand Section Realty Find Homes 2000-3000 sq ft Manhattan Beach MLS listings
Sand Section Realty Find Homes over 3000 sq ft Manhattan Beach MLS listings
Foreclosures - Manhattan Beach Real Estate Sand Section REOs and Short Sales MLS
Foreclosures - Manhattan Beach Real Estate Sand Section REOs MLS listings
Foreclosures - Manhattan Beach Real Estate Short Sales find homes MLS listings

Manhattan Beach Tree Section Homes Sold October 2010 

2700 Elm Av, Manhattan Beach CA 90266. MLS # S10068005. Single Family Detached Home. 3 bedrooms, 1.5 bathrooms, 1288 sq ft. 4480 sq ft lot. Listed for sale $899,000 Sold for $835,000. 95 Days on Market. Listing Brokerage RE/MAX Beach Cities. Real Estate Agents: Sell Veda Casper; Buy Aaron Klapper Shorewood Realtors. Comments: Great locations, potential fixer or tear down.

1724 Oak Av, Manhattan Beach CA 90266. MLS # S10089527. Single Family Detached Home. 5 bedrooms, 4  bathrooms, 3333 sq ft. Listed for $1,200,000 Sold for sale $1,066,000. 11 Days on Market.  Listing Brokerage RE/MAX Beach Cities. Real Estate Agents: Sell Julie Lyon and Sheri Fejeran; Buy Shorewood Realtors. Standard Sale. Comments: Advertised by the listing real estate agent as needing "major renovation". At this selling price, with a popular Tree Section floor plan, it was a good value for the buyer.

622 Rosecrans Av, Manhattan Beach CA 90266. MLS #

S10080238. Single Family Detached Home. 3 bedrooms, 2 bathrooms, 1495 sq ft. Listed for $1,095,000 Sold for $1,075,000. 12 Days on Market.  Listing Brokerage Seaside Realty. Real Estate Agents: Sell - Seaside Realty; Buy- Shorewood Realtors. Standard Sale. Comments: Highly upgraded open floor plan home six blocks to the beach and the Strand. Tree Section convenient location. Good example of price it right out of the gate to sell quickly.

854 27th St, Manhattan Beach CA 90266. MLS # S10077513. Single Family Detached Home. 3 bedrooms, 2 bathrooms, 2136 sq ft. Listed for sale $1,150,000 Sold $1,100,000. 41 Days on Market.  Listing Brokerage Shorewood Realtors. Real Estate Agents: Sell Kevin Pratt Shorewood Realtors; Buy South Bay Brokers.  Standard Sale. Comments: Tree Section Corner 5000 sq ft lot fixer. Let's see if there is new construction built on this site.


668 31st St, Manhattan Beach CA 90266. MLS # S09113999. Single Family Detached Home. 3 bedrooms, 1 bathrooms, 1197 sq ft. Listed for $1,300,000. Sold for $1,150,000 after it was reduced to $1.1M.  281 Days on Market.  Listing Brokerage Shorewood Realtors. Real Estate Agents: Sell Shorewood Realtors; Buy The Real Estate Group. Standard Sale. Comments: We have to imagine that this Tree Section Gaslight Area home was sold for lot value: 4200 sq ft in the Tree Section.

2908 Laurel Av, Manhattan Beach CA 90266. MLS # S10064836. Single Family Detached Home.  3 bedrooms, 2.5 bathrooms, 1984 sq ft. Listed for $1,249,000. Sold for $1,180,000. 112 Days on Market.  Listing Brokerage Northwest Realty. Real Estate Agents: Sell Lauren Forbes; Buy Shorewood Realtors. Standard Sale. Comments: Excellent Tree Section location, 4640 sq ft lot.



1144 Elm Av, Manhattan Beach CA 90266. MLS # S10042256. Single Family Detached Home. 5 bedrooms, 4.5 bathrooms, 3291 sq ft. Listed for $1,599,000 Sold for $1,480,000. 132 Days on Market.  Listing Brokerage South Bay Brokers. Standard Sale. Comments: Classic Tree Section home in an excellent location. Walk or bike to downtown and the Strand. Home was built in 2007 and has the amenities you would expect. Impressive double door entry, dramatic two story living room with clerestory windows, holiday dinner sized formal dining room. Center island kitchen with stainless appliances and breakfast room. Master suite with fireplace, balcony and walk-in closet. Family (fun) room with fireplace opens to private patio and yard.

1821 Poinsettia Av, Manhattan Beach CA 90266. MLS # S10098427. Single Family Detached Home. 5 bedrooms, 3.5 bathrooms, 3131 sq ft. Listed for $1,799,000 Sold for $1,675,000. 34 Days on Market.  Listing Brokerage Shorewood Realtors. Real Estate Agents: Sell Jeremy Shelton, Steve Zukmann; Buy Susan Jensen, South Bay Brokers. Standard Sale. Comments: Beautiful French Normandy style home in an excellent Tree Section location. This 1999 built home has been well taken care of and is in great shape. Very sunny and nice west facing backyard. Great open floor plan.


Find Homes Manhattan Beach Tree Section
Manhattan Beach Tree Section MLS Listings Standard Sales, Foreclosures, Short Sales, REOs
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale less than $1,000,000
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale $1,000,000-$1,500,000
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale $1,500,000-$2,000,000
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale $2,000,000-$2,500,000
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale over $2,500,000
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale 3 bedrooms
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale 4 bedrooms
Manhattan Beach Tree Section MLS Listings Single Family Homes for sale 5 bedrooms
Manhattan Beach Tree Section Homes for sale less than 1000 sq ft
Manhattan Beach Tree Section Homes for sale real estate 1000-2000 sq ft
Manhattan Beach Tree Section Homes for sale real estate 2000-3000 sq ft
Manhattan Beach Tree Section Homes for sale real estate over 3000 sq ft
Manhattan Beach Tree Section Bank Owned REO foreclosures
Manhattan Beach Tree Section pre-foreclosure short sale listings
Manhattan Beach Tree Section Realty - All foreclosures Bank Owned REOs and Short Sales


Manhattan Beach Hill Section Homes Sold October 2010

720 Manhattan Beach Blvd, Manhattan Beach CA 90266. MLS # S10094627. Single Attached Condo Townhome. 2 bedrooms, 2.5 bathrooms,  1844 sq ft (taped). Listed for sale $1,049,000 Sold for $1,000,000. 22 Days on Market.  Listing Agent Brokerage RE/MAX Execs Redondo Beach.  Real Estate Agents: Sell Susan Freeman; Buy Shorewood Realtors. Standard Sale. Comments: Priced right by the real estate listing agent for a quick sale. Don't be fooled by the address. Ocean views and turn key with high end amenities. Categorized as Hill Section but walking distance to the Strand, beach, and downtown, so it also feels like a Sand Section property.


856 11th St, Manhattan Beach CA 90266. MLS # S10053624Single Family Detached Home. 4 bedrooms, 2.5 bathrooms, 2236 sq ft. Listed for sale $1,449,000 Sold for $1,400,000. 118 Days on Market.  Listing Agent Brokerage Shorewood Realtors. Real Estate Agents: Sell Buy Shorewood Realtors. Standard Sale. Comments: Manhattan Beach Hill Section walk to downtown, beach, the Strand, restaurants, etc. South facing backyard, 6000 sq ft lot.

  

801 Highview Av, Manhattan Beach CA 90266. MLS # Single Family Detached Home. 6 bedrooms, 6.5  bathrooms, 6429 sq ft house on a 8565 sq ft lot. Listed for sale $5,997,000 Sold for $5,625,000. 35 Days on Market.  Listing Agent Brokerage South Bay Brokers. Real Estate Agents: Sell John Altamura Buy Bryn Stroyke. Standard Sale. Comments: WOW. This is one of the more amazing Hill Section Homes. Extra high ceilings and wide galleries accentuated by double thick walls, arches and columns all built to maximize the unobstructable ocean views in this 6 bedroom en suite home. Large ocean view Master bedroom has separate his/her vanities, toilets with a huge closet. There's a separate 3 bed wing which is separate from the Master to allow privacy, but close enough for a family with young children. Powder rooms are located upstairs and downstairs. The very large ocean view kitchen is appointed with top of the line appliances, industrial stove, large separate Sub Zero refrigerator and freezer, 2 dishwashers and large center island. Big ocean views are also enjoyed from the formal dining room, living room, library and game room w/wet bar. And, you can easily walk downtown, to the beach, the Strand, restaurants, etc from this convenient location.

Find Homes for Sale Manhattan Beach Hill Section
All Manhattan Beach Hill Section Residential Real Estate for Sale
Manhattan Beach Hill Section Condos - Townhouses for Sale MLS Listings
Manhattan Beach Hill Section Single Family Detached Homes for Sale MLS Listings
Manhattan Beach Hill Section Real Estate for sale - Homes less than $1,000,000
Manhattan Beach Hill Section Real Estate for sale. Homes $1,000,000-$1,500,000
Manhattan Beach Hill Section MLS Listings. Real Estate $1,500,000-$2,500,000
Manhattan Beach Hill Section Real Estate. Homes for sale above $2,500,000
Manhattan Beach Hill Section 4 bedrooms MLS Realty Listings for Sale
Manhattan Beach Hill Section 5 bedrooms Homes for Sale Realty Listings
Manhattan Beach Hill Section Homes over 3000 sq ft for sale MLS Listings

90266realestate.com is your one stop Manhattan Beach Realty resource if you want to buy or sell Real Estate at the beach. To find homes for sale in the Manhattan Beach Hill Section, click here to view all Hill Section condos, townhouses, single family homes, short sales, foreclosures, REOs, listed in the MLS.  Schedule a showing with an agent online or call Ellis Posner 310 975 5139 to view properties in person. If you are going to buy or sell in the Hill Section, you want to know what the market trends are. Click here for our market snapshot report. "Search like an Agent" with a Listingbook Account.


Manhattan Village Realty - Homes Sold October 2010

31 Coronado Ct, Manhattan Beach CA 90266. MLS # V10089462. Attached Townhouse Condo.  bedrooms, bathrooms, sq ft. Listed for Sale $819,000 Sold for $815,000. 5 Days on Market.  Listing Agent Brokerage Peninsula Sotheby's International Realty. Real Estate Agents: Sell Rick Edler; Buy Joanne Kim. Standard Sale. Comments: Priced right by the listing agent for a quick sale. Plan 3 town home with two master suites plus a den or 3rd bedroom. Cathedral ceilings, skylight, marble fireplace in living room as well as hardwood floors. Cute and cozy patio perfect for entertaining with golf course views in the background.




Manhattan Village Realty Tips
Nestled into a secluded, guard gated area of Manhattan Beach, Manhattan Village is an exclusive collection of 400 custom town and court homes representing the finest in beach living. The community boasts a main pool and spa area, four additional spas, and a quite atmosphere. Although many of the properties are categorized as attached condos or townhomes in the MLS, we have been told by more than one escrow officer and lender that these units are, in fact, zoned as "PUD" which stands for planned unit development. Many lenders consider PUDs to be a variant of a single family home and price the loan as such. For more information or to buy or sell real estate in Manhattan Village call Ellis Posner 310 975 5139 or email socalistings@yahoo.com.

Find Homes for Sale Manhattan Village
Manhattan Village - All Realty MLS listings for sale condos, townhouses, SFRs
Manhattan Village 2 bedroom and larger townhouses, condos, single family homes
Manhattan Village 3 bedroom and larger Real Estate for sale townhouses condos SFRs
Manhattan Village Real Estate less than $1,000,000 condos, townhomes, houses for sale
Manhattan Village Real Estate more than $1,000,000 condos, townhomes, houses for sale
Manhattan Village condos and townhouses for sale MLS Listings
Manhattan Village single family houses for sale MLS Listings

For a personalized market snapshot report for Manhattan Village Realty, click here. If you want to buy or sell a home in Manhattan Village, this report will help you get a better understanding of prices and real estate trends in Manhattan Village.

Manhattan Beach Heights - Liberty Village Realty Homes Sold October 2010

1451 23rd St, Manhattan Beach CA 90266. MLS # Single Family Detached Home.  bedrooms, bathrooms, sq ft. Listed for $1,749,000 Sold for $1,710,000. 15 Days on Market.  Listing Brokerage Re/Max Execs Redondo Beach. Real Estate Agent: Sell Buy Susan Freeman. Standard Sale. Comments: This amazing home has 30 foot soaring ceilings, a wrought iron spiral staircase, and travertine hallways. One bedroom is on lower level with its own full bath presently being used as an office. Formal living room with exquisite use of windows for natural lighting, romantic fireplace; room enough for a grand piano. Three car garage with built in cabinetry, dog run on the side of the home. Excellent Heights - Liberty Village location. Priced and marketed right by the listing agent.


Manhattan Beach Mira Costa Neighborhood Homes Sold October 2010
1616 2nd St, Manhattan Beach CA 90266. MLS # S10097406 Single Family Detached Home. 3 bedrooms, 1.5  bathrooms, 1023 sq ft. Listed for sale $709,900 Sold for $709,900. 5 Days on Market.  Listing Agent Brokerage N. Wolf Real Estate. Standard Sale. Comments: Probate Sale - priced low to sell. This house was sold "as-is" and although it was mostly in original condition was able to pass an FHA inspection! Listing agent priced it right to sell.
233 Meadows, Manhattan Beach CA 90266. MLS # S10076700 Single Family Detached House. 3 bedrooms, 1.5 bathrooms, 1542 sq ft. Listed for sale $1,450,000 Sold $1,400,000. 73 Days on Market.  Listing Agent Brokerage Real Estate Agents: Sell - Buy- Standard Sale. Comments: Ouch. The house was mostly original condition and was marketed as being sold for land value. The lot is 14,000 sq ft which is huge by Manhattan Beach standards and would possibly have views when the new structure goes up. Considering that this was a unique property to market, the real estate listing agent priced it right to sell. Mira Costa neighborhood.
1721 3rd St, Manhattan Beach CA 90266. MLS #S10077481. Single Family Detached House. 6 bedrooms, 3.5  bathrooms, 4342 sq ft. 7500 sq ft lot. Listed for sale $1,619,000 Sold $1,560,000 52 Days on Market.  Listing Agent Brokerage Shorewood Realtors. Real Estate Standard Sale. Comments: Mira Costa. Gorgeous remodeled home! Open floor plan with ground floor bedroom. Spacious rooms, light & bright throughout. Beautiful kitchen, breakfast nook overlooks backyard with pool & spa. Family room with bar area and french doors that open to the backyard. Formal dining room, formal living room with fireplace and a laundry room.


1603 3rd St, Manhattan Beach CA 90266. MLS # S10099342 Single Family Detached House. 5 bedrooms, 3.5 bathrooms, 4904 sq ft on a 8634 sq ft lot. Listed for sale $$1,749,000 Sold for $1,757,000 4 Days on Market.  Listing Agent Brokerage Shorewood Realtors. Real Estate Agents: Sell Shorewood; Buy RE/MAX Palos Verdes. Standard Sale. Comments: Mira Costa home on a corner lot has been extensively remodeled and upgraded throughout. The kitchen with double-wide Sub Zero refrigerator, Thermador Range, custom cabinets, granite counters and built in breakfast table opens to a large Living Room with Fireplace, Wet Bar, and French Doors leading to the backyard with pool, SPA, and outdoor grilling and dining area. This Mira Costa house certainly proves that a listing agent can price to sell quickly and get sell a home above the asking price in less than 10 days!
1511 5th St, Manhattan Beach CA 90266. MLS #S10100087 Single Family Detached House. 5 bedrooms, 4 bathrooms, 4300 sq ft house, 7500 sq ft lot. Listed for sale $1,859,000 Sold $1,779,000. 3 Days on Market.  Listing Agent Brokerage Shorewood Realtors. Real Estate Agent Gary Richardson. Standard Sale. Comments: Proof once again that homes that show well and are priced right sell quickly no matter what the marker conditions. Beautifully build by Dennis Cleland in 1997 on one of the best streets in East Manhattan Beach. Flat 7500 sf lot.

Find Homes for Sale East Manhattan Beach
All East Manhattan Beach MLS Real Estate Listings - Mira Costa, Heights, Liberty Village
East Manhattan Beach Single Family House Listings - Mira Costa, Heights, Liberty Village
East Manhattan Beach Townhouse - Condo Homes for Sale
East Manhattan Beach Homes for Sale less than $1,000,000
East Manhattan Beach Homes for Sale $1,000,000 - $2,000,000
East Manhattan Beach Homes for Sale $2,000,000 - $3,000,000
East Manhattan Beach Homes for Sale over $3,000,000
East Manhattan Beach Real Estate 3 bedroom homes for sale
East Manhattan Beach Real Estate 4 bedroom homes for sale
East Manhattan Beach Real Estate 5 bedroom homes for sale

For a personalized market snapshot report for Manhattan Beach Realty, click here. If you want to buy or sell a home in Manhattan Beach this report will help you get a better understanding of prices and real estate trends.  Buyers: "Search like an Agent" with a Listingbook Account.

October 2010 Manhattan Beach Home Sales Statistics
Lowest Home Price $709,900
Highest Home Price $5,625,000
Average Home Price $1,497,112
Average Days on Market 67
Single Family Homes Sold: 23
Condos - Townhomes Sold: 3
Sand Section: 8 Homes sold - 7 Single Family Houses, 1 condo townhouse sale
Hill Section: 3 Homes sold - 2 Single Family Detached Homes, 1 condo townhouse sale
Tree Section: 8 Single Family Detached Homes sold
Manhattan Village: 1 Home sale - condo townhouse (PUD)
Manhattan Beach Mira Costa: 5 Single Family Detached Houses sold
Manhattan Beach Heights - Liberty Village: 1 Single Family Detached Home sold
Short Sales: 1
REOs: 1 bank owned foreclosure

The most common question posed to a Real Estate Agent is always some variation of "are home prices going up or down?". We get this question in good markets and bad, whether the person asking is a home owner or not, or even whether there is any interest in buying or selling real estate. Hopefully the information on recent sales, our Market Snapshot, and the MLS searches have helped you answer that question. If you are still not, sure.....

Buy - Sell Manhattan Beach Real Estate with a top local Real Estate Agent
90266realestate.com is published by Ellis Posner (DRE # 01416970), a local Manhattan Beach Real Estate agent who specializes in Manhattan Beach and Beach Cities (Redondo Beach, Hermosa Beach, El Segundo) Realty. During calendar year 2009, Mr. Posner was ranked as a top agent in the area based on closed sales transactions (23). Ellis can help you buy or sell a home, acquire investment property or rent or lease a condo, town home or single family home. Call 310 975 5139 or email ellisposner@yahoo.com. Other Ellis Posner published websites include www.socalistings.com, www.socalupdates.com, www.90277realestate.com and www.90278realestate.com. You can follow socalistings on Twitter or become a fan of socalistings on Facebook. Experience counts. Call Ellis Posner for "straight talk" on Real Estate, a confidential CMA, Real Estate agent insight, and to buy or sell residential or investment real estate. 

Bonus Tip for Home Owners - Selling a Home in Manhattan Beach in 10 Days or Less

Here's the information you'll need to price your home to sell in ten days or less. While you can research most of this yourself, realistically you will need a real estate agent to pull some of it together for you. These tips relate to pricing your home to sell now and are not offered as a substitute for the work of a licensed real estate appraiser.

1) Home Price per square foot of recent closed sales in your neighborhood - all property types.
2) Home Price per square foot of homes currently in escrow (MLS status: pending/backup).
3) Home Price per square foot of current active listings in the MLS in your neighborhood.
4) Recent sales price of the most similar homes to yours for the last 6 months. What you really want here is the MLS printout from a real estate agent for the comparable homes. The reason you'll need the MLS printout from a real estate agent is because you want to see if there were any seller concessions (which affect the selling price), the type of financing used to buy (will be covered in a future blog post) and other pertinent information to the sale.
5) Average and median sales prices for homes sold or for sale in the above categories.

Once you have the information indicated above, you or your real estate agent should calculate the absorption rate for homes for sale similar to yours. In other words, if there are 2 similar homes sold per month and there are 10 similar properties on the market, there is what real estate agents consider to be 10 months of inventory and the absorption rate is 2 homes per month.

The next step is to list the compensating factors that may make your home more valuable when you sell. Examples of compensating factors would be 2 fireplaces (family room and master bedroom), rather than just one; recently remodeled kitchen with stainless appliances and granite countertops; new hardwood floors; view; large lot. These are factors that will add to the value of your home and the selling price.

That part of the exercise may have felt good, here's the hard part in putting a price on your home. What didn't you like about it when you bought and what needs to be fixed? Examples would be busy street; original roof needs replacing; high HOA dues (condos and townhomes); non permitted additions; small family room, etc. Items that are not fixable, such as a small room will definitely affect the sales price of your home more than repairs or updates that can be made.

Both parts of this exercise are highly subjective as to home prices and there are no absolutes. An experienced real estate agent can help you determine how much to add or subtract to what your home may sell for based on compensating factors.

Lastly, you should review the price reduction history of homes currently for sale, recently sold, and currently active. Again, you may need the help of a real estate agent to put this information together.

If you or your agent do this exercise diligently, you may notice some trends such as:
  • many homes have only sold after (multiple) price reductions.
  • in a soft market, the price per sq ft for pending/backing MLS listings is often less than the sold price per sq ft.
  • there are fewer homes going into escrow than are coming on the market.
  • after reductions, homes are selling for 1-3% below the last MLS list price.
  • homes priced below the market may sell for above the MLS list price and in fewer days.
We have also observed that when buyers feel the home is priced right, whether after a reduction or initially, they will make offers closer to the listing price in the MLS. Additionally, if a buyer feels that a certain property is a "deal", they will be more likely to hang in through the escrow. Want proof? Talk to anyone who has bought or sold a short sale.

Remember, whether you want to buy or sell a home in Manhattan Beach, our "Market Snapshot" report will provide a lot of the information we have suggested you gather. Click here to get started on gathering home pricing info and home values.

Comments

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