Manhattan Beach Real Estate Report – By the Numbers

Information is key to making sound real estate decisions.  Nowhere is that more important than the high end and luxury market of Manhattan Beach CA.  The information below should help you keep up with the market and provide valuable insight into where the market currently is and where it’s going in the future.  See below for updated information such as number of active homes, pending sale, recent closed home sales and home prices for Torrance, Manhattan Beach, Hermosa Beach and Redondo Beach

New Listings

Active Listings

Pending Sales

Closed Sales

Days on Market

Price Per Foot

Average Sales Price

2 Sales in Manhattan Beach Above $20,000,000 in 2017

By Keith Kyle

2017 has seen a few sales with HUGE numbers that are still pretty unheard of….even in this high end luxury community.

The record setter was at 1000 The Strand closing at $21,000,000.  This was a showcase piece of land with an older multi unit building.  Sitting on an oversized lot just 2 blocks from downtown and the pier, this oversized property offered stunning and unblockable views of the Manhattan Beach pier, the beach, and the coastline.  The 4 plex currently on the lot consists of a 4 bedroom “owners” unit along with 3 two bedroom units and almost 6,000 square feet.  The home closed escrow in May.  Originally offered in 2015 at $28,900,000 the home was featured in the LA Times as a potential record setter.

The second highest sale of the year was another legacy type property in the Manhattan Beach hill section at 814 Pacific.  This incredible estate sat on a 23,000+ foot lot which is massive even by hill section standards.  The challenge in Manhattan Beach is that even into the multi millions….you can’t have it all.  That’s not the case with 814 Pacific as it most definitely had it all…..large house, huge yard, big view, pool, sport court, gym area, 5 car garage, guest house…

The home offered almost 10,000 feet with the main home featuring 5 bedrooms and 5 1/2 baths with many of the rooms offering big ocean views.  The property also had a detached guest house with 1 bedroom 1 bath and a separate “man cave”.  Although the home is great, it’s the outdoor areas that truly make it spectacular.

3420 The Strand Manhattan Beach – September’s Big Sale

The biggest sale of the month was located on the oceanfront Strand at 3420 The Strand. This was a pretty spectacular home perched fairly high on the dune offering stunning views. The home featured 5 bedrooms, 6 baths and an enormous 5,500 square feet on 3 levels. Built in 2003 and designed by renowned Architects Grant Kirkpatrick and Erik Evens of KAA Design Group, 3420 The Strand enjoys a corner walkstreet lot with great beach and walkstreet frontages.

Originally listed at $17,995,000 and reduced in July to $16,500,000 the home sold for $15,400,000. For information on the current oceanfront Strand homes for sale contact Manhattan Beach realtor Keith Kyle with Vista Sotheby’s International.

June 2017 Home Sales in Manhattan Beach CA

By Keith Kyle

June 2017 was a big month for home sales in Manhattan Beach CA with a fairly huge number of homes selling.  The summer months are always an active market and this year was no different with 57 Manhattan Beach homes closing escrow.  Thats well above the normal number of Manhattan homes selling in a month.  Median home prices were up significantly over June of the previous year with the median home in Manhattan Beach selling at just under $2,467,000 which was a 28% increase from June of the prior year.  Click here to see all of the recent home sales in Manhattan Beach CA.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Lawndale 12 $535,000 $519,000 3.1%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

There’s No Better Place to Beat the Heat than Manhattan Beach

The South Bay is often referred to as “the bubble” and that can mean a lot of things…..lifestyle, schools and certainly the weather. There’s no doubt that the weather impacts the home values and a weekend like this one makes it clear why. While we in the bubble hear about this heat wave, with tempatures well into the triple digits, it just couldn’t be nicer at the beach. With tempatures “cooking” us in the mid 80’s and ocean tempatures nearing 70, you just wouldn’t know that it’s hot just a few miles away.  From bikerides on the beach, to surfing and playing volleyball, to shopping and dining in downtown Manhattan Beach, there’s something for everyone.  While in town take a look at the Manhattan Beach open houses if you’re interested in finding out just what it’s like to live in this wonderful coastal community.

Manhattan Beach Home Prices for May 2017

Manhattan Beach saw

City Homes
Sold
May 2017 Median May 2016 Median Year over Year % Change%
Carson 41 $458,000 $453,000 1.2%
El Segundo 8 $880,000 $803,000 9.7%
Gardena 65 $523,000 $425,000 23.1%
Harbor City 14 $503,000 $439,000 14.5%
Hawthorne 46 $610,000 $485,000 25.8%
Hermosa Beach 26 $1,738,000 $1,285,000 35.3%
Lawndale 16 $485,000 $455,000 6.5%
Lomita 18 $653,000 $488,000 33.7%
Long Beach 356 $472,000 $485,000 -2.6%
Manhattan Beach 46 $2,175,000 $1,875,000 16%
Marina Del Rey 32 $933,000 $925,000 0.8%
Palos Verdes Estates 47 $1,650,000 $1,499,000 10.1%
Playa Del Rey 31 $720,000 $560,000 28.6%
Rancho Palos Verdes 51 $1,275,000 $1,060,000 20.3%
Redondo Beach 87 $1,054,000 $950,000 10.9%
San Pedro 63 $620,000 $489,000 26.8%
Torrance 140 $690,000 $593,000 16.4%
Westchester 44 $965,000 $1,130,000 -14.6%

Can East Hermosa Beach Compete with Manhattan Beach Prices?

There’s no doubt that the real estate market in Hermosa Beach is just as hot, if not hotter, than Manhattan Beach, but the newest listing east of PCH at 826 18th is definitely going to help determine if east Hermosa Beach can handle a price for new construction that exceeds some new construction in Manhattan, Hermosa’s more expensive neighbor to the north.  The area east of PCH in Hermosa Beach is generally the least expensive neighborhood in this small coastal community due to the fact that it’s the furthest from the beach.

We're sorry, but we couldn't find MLS # SB17111561 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

December 2016 Home Sales and Home Prices in Manhattan Beach

By Keith Kyle

December was a pretty typical month in Manhattan Beach real estate with 38 home sales at a median price of $1,863,000.  December traditionally is a much slower month but with the continued demand for Manhattan Beach homes, there doesn’t seem to be such a thing as a slow month.  Click here to see the sold homes in Manhattan Beach for December.  For the current homes for sale visit our active listings page.

City Homes
Sold
December
2016 Median
December
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22.1%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15.1%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

Manhattan Beach Home Sales and Housing Prices for November 2016

By Keith Kyle

Manhattan Beach posted some solid home sales numbers in November 2016 with 38 homes selling at a median price of just over $1,862,000 which was up slightly over November of the previous year.  It was below the high points of the year but was still another solid month.  To see the home sales in Manhattan Beach click here.

City Homes
Sold
November
2016 Median
November
2015 Median
Year
over Year % Change%
Carson 54 $450,000 $420,000 7%
El Segundo 14 $816,000 $1,171,000 -30.3%
Gardena 44 $504,000 $413,000 22%
Harbor City 9 $523,000 $404,000 29.5%
Hawthorne 37 $575,000 $520,000 10.6%
Hermosa Beach 17 $1,380,000 $1,625,000 -15%
Lawndale 8 $393,000 $521,000 -24.6%
Lomita 6 $473,000 $535,000 -11.6%
Long Beach 298 $490,000 $435,000 12.6%
Manhattan Beach 38 $1,863,000 $1,831,000 1.7%
Marina Del Rey 21 $955,000 $945,000 1.1%
Palos Verdes Estates 25 $1,550,000 $1,675,000 -7.5%
Playa Del Rey 20 $658,000 $612,000 7.5%
Rancho Palos Verdes 47 $1,088,000 $945,000 15.1%
Redondo Beach 75 $900,000 $855,000 5.3%
San Pedro 58 $515,000 $485,000 6.3%
Torrance 112 $656,000 $585,000 12.1%
Westchester 32 $943,000 $892,000 5.7%

August Home Sales and Home Prices in Manhattan Beach CA

By Keith Kyle30th Street Kitchen

August 2016 was a solid month for homes throughout the South Bay with Manhattan Beach seeing a slight decline in median home price over August of 2015.  Manhattan Beach saw 36 closed home sales in the month of August with a median home price of $1,800,000.  As of October 18th 2016 there are 112 active homes and income properties for sale in Redondo Beach and 129 homes currently in escrow.  The lowest price of the month was a 2 bedroom condo in the Sand Section at $1,180,000 with the highest sale a $5,350,000 for a five bedroom single family home built in 2016.  View the current homes for sale in Manhattan Beach, CA or view a list of the homes sold in Manhattan Beach and the South Bay in August.

City Homes
Sold
August
2016 Median
August
2015 Median
Year
over Year % Change%
Carson 56 $450,000 $430,000 4.7%
El Segundo 15 $1,075,000 $780,000 37.8%
Gardena 43 $470,000 $399,000 17.8%
Harbor City 24 $523,000 $450,000 16.1%
Hawthorne 47 $575,000 $493,000 16.8%
Hermosa Beach 22 $1,723,000 $1,389,000 24.%
Lawndale 16 $498,000 $437,000 13.8%
Lomita 23 $619,000 $510,000 21.4%
Long Beach 348 $463,000 $459,000 .8%
Manhattan Beach 36 $1,800,000 $1,923,000 -6.4%
Marina Del Rey 24 $1,059,000 $928,000 14.1%
Palos Verdes Estates 42 $1,412,000 $1,815,000 -22.2%
Playa Del Rey 16 $623,000 $560,000 11.2%
Rancho Palos Verdes 57 $1,065,000 $1,155,000 -7.8%
Redondo Beach 100 $968,000 $842,000 15%
San Pedro 70 $481,000 $475,000 1.3%
Torrance 179 $645,000 $585,000 10.3%
Westchester 44 $1,093,000 $890,000 22.7%