Manhattan Beach Median Home Prices for February 2016

By Keith Kyle128 14th Street

The South Bay saw another strong month for home prices although a few cities, Manhattan Beach included, saw big percentage drops in median home prices.  Those numbers, especially in smaller cities, or in a month with fewer home sales, don’t really mean much, but taken over times gives a good indication as to what is happening in the local Manhattan Beach real estate market.

Manhattan Beach had a pretty slow month with with 22 home sales, which is slightly below the norm, but the number of closed sales has been trending down over the past few months.  The median home price was below $2,000,000 for the first time in a while at just under $1,800,000 but doesn’t appear to indicate any trend and rather just the fact that most of the sales in February were resales and not new construction as well as fewer walkstreet and oceanfront homes that quickly drive up the monthly prices.  Visit our Manhattan Beach real estate market trends section to see the various trends and statistics in Manhattan Beach.

City Homes
Sold
February
2016 Median
February
2015 Median
Year
over Year % Change%
Carson 38 $420,000 $395,000 6.2%
El Segundo 11 $1,109,000 $815,000 36%
Gardena 38 $410,750 $334,000 23%
Harbor City 10 $527,500 $393,000 34.2%
Hawthorne 30 $483,000 $450,000 7.4%
Hermosa Beach 17 $1,225,000 $1,512,500 -19%
Lawndale 8 $431,000 $415,000 3.9%
Lomita 11 %505,000 $326,000 55%
Long Beach 238 $461,000 $409,000 12.7%
Manhattan Beach 22 $1,795,000 $2,361,000 -24%
Marina Del Rey 25 $864,000 $1,335,000 -35%
Palos Verdes Estates 33 $1,403,000 $1,300,000 7.9%
Playa Del Rey 10 $626,000 $710,750 6.9%
Rancho Palos Verdes 26 $1,110,000 $1,039,000 6.9%
Redondo Beach 45 $869,750 $812,000 7.1%
San Pedro 33 $505,000 $416,000 21.4%
Torrance 85 $565,000 $544,000 4%
Westchester 21 $917,000 $820,000 11.8%