'New' Remains Hot in Manhattan Beach

By Dave Fratello | October 23rd, 2018

Whatever the heck is going on out there in the market, good, bad or indifferent, there's one thing that's clear.

New construction in Manhattan Beach remains highly desirable and just keeps selling.

This week, you saw 2 new homes go into escrow in the Tree Section:

856 14th (5br/6ba, 3500 sqft.), asking $3.695M, and,

665 19th (5br/7ba, 3600 sqft.), in the American Martyrs neighborhood, asking $4.250M. (That's the home pictured above.)

We took a look at data as of today (Oct. 23), and found:

• 377 homes have sold or gone into escrow thus far in 2018 in Manhattan Beach,

• 53 so far have a "build date" of 2017 or 2018,

• That's 15% of sold inventory,

• 39 of the new homes sold for $3M or more, and

• The top sale among MLS-posted new construction was 130 19th at $8.085M. (Pictured second here.)

We're presenting below a couple of auto-updating lists below of new homes that are in escrow or which have sold already in calendar year 2018. Scroll down to see all the properties, and click on any one of them to see more.

(Email subscribers will need to view this post online to see the sold listings.)

A few more notable sales:

1721 8th (6br/6ba, 4480 sqft.) (pictured here) is the first East Manhattan Beach standard-size new construction home to scratch close to $4.000M, with a sale at $3.950M,

2413 Bayview (3br/4ba, 2780 sqft.) appears to be the highest-ever Manhattan Beach townhome sale at $5.500M,

713 35th (5br/7ba, 3880 sqft.) may qualify as the most pleasant surprise of the crop, a delightfully artful project that sold for $3.900M, and thus blew away notions that 35th St. was "too far north" for a pretty home to get top dollar, and

1017 Crest (4br/4ba, 2550 sqft.) may have taken the worst beating among new homes this year, the townhome netting $3.080M after a start at $3.725M, selling $345K under what very similar 815 Crest sold for in 2017.

With mostly great news out there on the new home front, you can see why developers even today are still bidding on dirt and building new. It will keep looking great until, perhaps, one day it doesn't.