Now that 2016 is officially underway, we begin our end of the year review for 2015 median home sales. It seems practical for us to take a look at this information, no matter how general, to allow you to get a surface level understanding of what to expect if you are planning on buying or selling your home this year. For this review we are focusing on median sales of Manhattan Beach single-family homes, starting with the overall median sale for the entire city, followed by the MB sub sections (East MB, Sand, Hill, Tree). Take a look…
Overall Median Sale – $2,200,000
525 21st Street (1,084 sq ft, 2 bedrooms, 1 bathroom)
Alvin and Grace Hall didn’t realize at the time yet the home they bought in 1966 would answer all the dreams they had for their family. The Hall boys loved surfing at the beaches nearby and the family thoroughly enjoyed an active outdoor lifestyle riding bikes, playing at the nearby parks and adoring the sun and surf. Originally built in 1947 as a charming 2 bedroom home with office-the architect designed this beach house with a raised roof line featuring clerestory windows which allow for an abundance of natural light. You move easily through this home featuring a family room that looks onto an enclosed rear yard perfect for family gatherings and casual entertaining. Years ago the office space had been remodeled to serve as a third bedroom yet, can easily convert back to an office if so desired. The existing and easy flow floor plan can be updated to handle today’s family needs or you may decide to start new; whichever way you decide to enjoy the beach lifestyle this home is in an unique location and centrally located close to the beach, bike paths, parks, schools, restaurants and quaint shops. Follow in their footsteps-come make it your own!
East Manhattan Beach – $1,700,000
1231 Shelley Street (2,003 sq ft, 4 bedrooms, 3 bathrooms)
Beautifully updated 4 bedroom and 3 bath on a nice cul-de-sac corner. This home features a large wrap around private yard and patio with plenty of space for entertaining and outdoor activities. Three bedrooms are up, including the master suite with tastefully just-remodeled bathroom and new walk in closet. The home also features two separate living spaces as well as a dining area that opens up to that great yard.. The updated kitchen has granite counters, stainless appliances and all the bells and whistles. The floorplan is open and light and the home has been updated and lovingly cared for… The 54’x100′ (5,439 sq. ft.) lot offers extra frontage and yard space.
1774 Gates Avenue and 901 N Peck Avenue also sold at the median price of $1,700,000.
Sand Section – $2,825,000
506 Manhattan Avenue (2,028 sq ft, 3 bedrooms, 2 bathrooms)
Ocean views…Steps to the sand…The energy of Manhattan Beach Blvd. and the Pier a short walk away…Homes like this do not come on the market every day. This is a rare opportunity to own a huge lot in the prime heart of Manhattan Beach. The 2nd and 3rd floors feature extra long panoramic balconies. Some of the many features include: A fireplace and wet bar in the living room, granite countertops in the kitchen, a rain shower, jacuzzi bathtub, skylights, crown moldings, elegant tile and hardwood flooring, central air conditioning and heating, a 2-car garage with storage and more. A 4th room can be used as an office, a den, or an additional bedroom. The ocean views are awesome, providing a tranquil and refreshing juxtaposition against the scene and nightlife of Manhattan Beach Blvd. with the pier just a few blocks away. Limitless upside investment potential. A cheerful home, a breath of fresh air, and a truly exciting opportunity.
Hill Section – $2,900,000
864 5th Street (1,515 sq ft, 2 Bedrooms, 2 Bathrooms)
*Lot size 5,702 sq ft
Tree Section – $2,122,500 (Median Average)
3413 Elm Avenue – $2,100,000 (3,412 sq ft, 4 bedrooms, 4 bathrooms)
Beautiful Tree Section Custom Tuscan-style home on corner lot, Four bedrooms, three and a half bathrooms, Dramatic two story tiled entry foyer Formal living room with marble fireplace, Formal dining room with crown molding and built in cabinets, French doors opens onto secured brick patio and backyard, several private balconies upstairs, Large kitchen with large butcher block island, granite countertops, walk-in pantry, under cabinet lighting and recessed lights, hardwood floors, Bright and sunny breakfast room with tile floors, Two story Family room with brick fireplace, Spacious Master bedroom suite with sitting area and fireplace, Master bath with jacuzzi tub and large shower, Upstairs library, open to family room below, with built in desk and cozy seating with tons of storage, Tile roof, Full security system, Three car garage.
This is a very wide-ranging snapshot of Manhattan Beach in 2015, but we feel it is a nice starting point for you. Certainly better than a general South Bay median home price, and significantly superior to a southern California report that you see in the mass media. All real estate is local, and for cities like Manhattan Beach in particular, real estate is hyper-local. So if you want more specific details in an area of Manhattan Beach, shoot me a call or email and we can supply you with the right information.
Richard Haynes
DRE: 01779425
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The Richard Haynes Real Estate ShowA leader in South Bay real estate for the better part of a decade, Richard thrives as an advisor to his clients with over $248 million in sales as a broker or investment principal at his boutique agency, Haynes. Richard is known for his keen local market insights which have been featured in the L.A. Times, The Street, and Forbes, along with his weekly South Bay real estate blog. [read more]