While many reports tout the dire situation in the housing market it's often assumed that the luxury real estate market in higher end cities such as Manhattan Beach certainly must be slow to non existent.Â Surprisingly that's simply not the case.Â Since August 1, 2010 9 homes have sold for over $2,000,000 with an additionalÂ 6 homesÂ in escrow.Â While the numbers are certainly lower than during the peak of the market, they are far different from the perception that nothing is selling in the luxury market.Â The demand for Manhattan Beach luxury real estate has remained strong despite the challenges that the jumbo mortgage market presents.Â Click to view current Manhattan BeachÂ real estate listingsÂ by price or view recent Manhattan Beach home sales.
Below are the homes sold since August 1st 2010 with list or sales prices above $2,000,000
|Â||Address||Â Sold PriceÂ||Â List PriceÂ||Days on Mkt||Sq Ft||Year|
|501||7th STÂ||Â $ Â 1,900,000||Â $ Â Â Â 2,190,000||73||3594||1990|
|440||5th STÂ||Â $ Â 2,835,000||Â $ Â Â Â 2,899,000||48||3070||2008|
|316||26th STÂ||Â $ Â 3,200,000||Â $ Â Â Â 3,200,000||92||4160||2006|
|124||3rd STÂ||Â $ Â 4,030,000||Â $ Â Â Â 4,295,000||19||4646||1996|
|757||30th STÂ||Â $ Â 2,125,000||Â $ Â Â Â 2,189,000||0||3350||2007|
|656||19th STÂ||Â $ Â 2,350,000||Â $ Â Â Â 2,399,000||17||4016||2001|
|644||17th STÂ||Â $ Â 3,270,000||Â $ Â Â Â 3,450,000||143||5406||2003|
|946||9th STÂ||Â $ Â 2,685,000||Â $ Â Â Â 2,699,000||46||4316||2002|
|809||Highview AVÂ||Â $ Â 4,300,000||Â $ Â Â Â 4,200,000||14||1544||1949|
Below are the homes currently in pending or backup status in Manhattan Beach.
Â See below for median for sale vs. median sold homes showing a decline in inventory of homes priced above $2,000,000 and sales slightly up.
Keith Kyle is a licensed Realtor, short sale specialist and Top Producer with South Bay Brokers in Manhattan Beach.Â He serves his clients throughout the South Bay and his websites KeithKyleHomes.com, ManhattanBeachLuxuryRealEstate.com and FindYourSouthBayHome.com offer the most comprehensive real estate websites in the South Bay with free MLS access, current home listings, open houses, recent home sales information and more.Â Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.Â For more information on the South Bay, visit my Beach Cities Real Estate blog.