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Keith Kyle's Blog

By Keith Kyle | Agent in Manhattan Beach, CA

Manhattan Beach Luxury Home Market Update


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.  Surprisingly that's simply not the case.  Since August 1, 2010 9 homes have sold for over $2,000,000 with an additional 6 homes in escrow.  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.  The demand for Manhattan Beach luxury real estate has remained strong despite the challenges that the jumbo mortgage market presents.  Click to view current Manhattan Beach real estate listings 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

  Address  Sold Price   List Price  Days on Mkt Sq Ft Year
501 7th ST   $   1,900,000  $     2,190,000 73 3594 1990
440 5th ST   $   2,835,000  $     2,899,000 48 3070 2008
316 26th ST   $   3,200,000  $     3,200,000 92 4160 2006
124 3rd ST   $   4,030,000  $     4,295,000 19 4646 1996
757 30th ST   $   2,125,000  $     2,189,000 0 3350 2007
656 19th ST   $   2,350,000  $     2,399,000 17 4016 2001
644 17th ST   $   3,270,000  $     3,450,000 143 5406 2003
946 9th ST   $   2,685,000  $     2,699,000 46 4316 2002
809 Highview AV   $   4,300,000  $     4,200,000 14 1544 1949

Below are the homes currently in pending or backup status in Manhattan Beach.

Pending Luxury Home Sales in Manhattan Beach

 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.

manhattan beach median for sale



Keith Kyle is a licensed Realtor, short sale specialist and Top Producer with South Bay Brokers in Manhattan Beach.  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.  Keith can be reached at 310-251-2344 or by email at info@KeithKyleHomes.com.  For more information on the South Bay, visit my Beach Cities Real Estate blog.

 
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