Some years go by with very little activity in the Liberty Village neighborhood of Manhattan Beach. But this year has seen quite a mix of sales in the area, establishing a good range of comps and a sense of what buyers should expect to pay in 2014.
Liberty Village – just east of Polliwog Park – is typically the most "affordable" subregion of MB. This whole area east of Redondo Ave. and north of MBB was developed at once with nearly identical little 1000 sq. ft. cottages in the early 1950s. You can still find some of those originals. Then there are cottages that have been remodeled with some additions. Finally, comparatively rare in the LV when considered against Manhattan Beach as a whole, you have homes that were built new within the last 20 years or so, after scraping the old cottage.
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Just over a year ago, in 2012, the general asking price for cottages in the Liberty Village area was within the $700K range. However, in 2013, starting prices jumped right past the $800K value range, right up to the current going rate for original cottages, which seems to be about $930K. The most recent of those was at 1409 Wendy Way, a very original 3br/1ba home, which closed for $937K last week (pictured).
For a detailed list of Liberty Village sales in 2013 (including cottages, remodels, and newer construction), please see the post entitled “2013 In Liberty Village” at the MB Confidential website.
Find out what's happening in Manhattan Beachwith free, real-time updates from Patch.
Liberty Village can be seen as a weathervane for what is going on across the MB market. So, whether you are looking to purchase property in Liberty Village, or just want to keep up to date on the Manhattan Beach real estate market in general, these sales and statistics can be rather insightful.
