|There has been a lot of New Construction in Manhattan Beach CA|
Manhattan Beach Real Estate often is divided into "West of Sepulveda" and "East of Sepulveda" (PCH). On the east side of town we have 3 distinct MLS Areas which are Manhattan Village, Heights/Liberty Village, and MLS Area 147 designated as "Mira Costa" because, well it is the neighborhood around Mira Costa High School. Or, more specifically the homes west of Aviation Blvd, east of Sepulveda, North of Artesia Blvd and South of Manhattan Beach Blvd. The predominate housing type you'll find are Single Family Residences and you'll see everything from original 2 bedroom 1 bath homes up to huge mansions.
For the first nine months of 2015 there were 55 closed escrows of which 11 were Townhomes or condos. For the lucky few who can find one, many of these units did not sell at much of a premium over North Redondo Beach which is itself rapid price appreciation.
Compared to Manhattan Beach overall, there were 276 total sales, so the "Mira Costa" neighborhood of East Manhattan Beach represents just about 20% of all sales. This exceeds the other two neighborhoods handily.
The composite of the average price of a SFR was just a little over $2M and would be a 2700 SQFT 4 bedroom 2.5 bath built in 1975 and on the market 36 days.
Here's a map of the homes that sold so far this year in MLS Area 147
|MLS Area 147 Sales Jan-Sept 2015|
Here's the list of every house that has sold with addresses, list prices, etc
|SFRs Sold in MLS Area 147 Jan-Sept 2015|
And here's your market dynamics report.
Last thing I want to mention is that 18 of the 44 properties sold for above the asking price. That's 40%.
If you are considering selling your home contact me to learn what you can do today to sell for more tomorrow.