Manhattan Beach Sand Section Real Estate – 2018….By the Numbers

The Sand Section of Manhattan Beach is often the area most people see when they visit.  Big ocean views….walk to the beach….near constant beach breezes….it’s the epitome of luxury coastal living.  Demand for homes in the sand section remained high in 2018 with 133 home sales during the year.

View the current homes for sale in the Sand Section of Manhattan Beach

Median list prices for homes during the year were $2,980,000 with the median sales price at $2,925,000.  Average list price was just over $3,746,000 with the average sales price at  $3,596,000.  As is always the case with the sand section the numbers were skewed a bit due to some oceanfront Strand homes priced well into 8 digits with the highest sale at a stunning $17,400,000 while 108 The Strand closed out the year at $15,250,000.

2018 Manhattan Beach Real Estate….The Numbers

Date January Feb March April May June July August Sept Oct Nov Dec
For
Sale
29 42 46 50 51 51 49 49 49 49 36 27
New
Listing
17 29 22 18 21 26 25 14 18 18 7 6
Sold 7 5 13 11 11 16 16 15 10 12 9 9
Pended 9 11 17 6 14 19 15 13 9 8 11 8
Months
of Inventory (Closed Sales)
4.1 8.4 3.5 4.5 4.6 3.2 3.1 3.3 4.9 4.1 4 3
Months
of Inventory (Pended Sales)
3.2 3.8 2.7 8.3 3.6 2.7 3.3 3.8 5.4 6.1 3.3 3.4
Absorption
Rate (Closed Sales) %
24.1 11.9 28.3 22 21.6 31.4 32.7 30.6 20.4 24.5 25 33.3
Absorption
Rate (Pended Sales) %
31 26.2 37 12 27.5 37.3 30.6 26.5 18.4 16.3 30.6 29.6
Avg.
Active Price
 $7,293,000  $6,391,000  $5,565,000  $5,902,000  $5,552,000  $5,495,000  $5,751,000  $6,124,000  $5,894,000  $5,614,000  $6,154,000  $5,485,000
Avg.
Sold Price
 $3,153,000  $3,640,000  $3,717,000  $2,642,000  $3,472,000  $3,428,000  $3,656,000  $4,333,000  $4,143,000  $3,963,000  $3,011,000  $4,022,000
 Avg. Sq. Ft. Price (Sold)   $1,518  $1,533  $1,431  $1,273  $1,243  $1,431  $1,330  $1,543  $1,619  $1,543  $1,515  $1,400
Sold/List
Diff. %
97 96 98 99 100 98 96 96 99 96 97 97
Sold/Orig
LP Diff. %
94 90 96 99 97 98 92 93 96 94 94 91
Avg
Days on Market
90 102 37 38 47 22 75 77 24 68 50 90
 Median Sold Price   $2,840,000  $3,264,000  $3,500,000  $2,500,000  $3,725,000  $2,604,000  $2,840,000  $3,250,000  $2,725,000  $3,450,000  $2,700,000  $2,475,000

The Sand Section generally had bewtween 35 and 50 active homes for sale during most of the year with the usual drop off around the holidays and winter months.

About ktkyle

Keith Kyle is a long time resident of Hermosa Beach and a realtor since 2005. Having successfully started in real estate just as the market was declining rapidly, Keith has been a top agent at South Bay Brokers every year since 2007 and is one of the top buying and selling realtors in the South Bay.