Manhattan Beach Home Sales for April 2016

By Keith Kyle756 36th

The April home sales numbers and median prices were once again impressive in Manhattan Beach and throughout most South Bay cities. Some cities saw a drop in median prices from the previous year but all are still trending upwards from 2015.

The luxury real estate market of Manhattan Beach saw 35 closed sales in April of 2016 with a median home price of $2,200,000 which was well ahead of 2015 in which the median price in April was $1,880,000.

Visit our South Bay real estate site to see the recent home sales in Manhattan Beach and the South Bay.

City Homes Sold April 2016 Median April 2015 Median Year over Year % Change%
Carson 59 $426,000 $414,000 2.9%
El Segundo 13 $900,000 $787,000 14.3%
Gardena 39 $445,000 $395,000 12.7%
Harbor City 14 $517,000 $412,000 25.6%
Hawthorne 43 $552,000 $484,000 14%
Hermosa Beach 22 $1,333,000 $1,450,000 -8%
Lawndale 17 $400,000 $410,000 -2.4%
Lomita 19 $475,000 $485,000 -2.1%
Long Beach 331 $440,000 $425,000 3.5%
Manhattan Beach 35 $2,200,000 $1,880,000 17%
Marina Del Rey 29 $874,000 $940,000 -7%
Palos Verdes Estates 41 $1,365,000 $1,537,000 -11.2%
Playa Del Rey 19 $705,000 $427,500 64.9%
Rancho Palos Verdes 46 $941,000 $1,040,000 -9.5%
Redondo Beach 102 $904,000 $844,000 7.1%
San Pedro 49 $490,000 $448,000 9.4%
Torrance 147 $590,000 $590,000 0%
Westchester 32 $915,000 $873,000 4.8%

See The Homes That Sold In Manhattan Beach CA in March 2016

By Keith KyleManhattan Beach Modern Houses

March was yet another very busy month for home sales in Manhattan Beach and the South Bay with home prices continuing to go up and the number of home sales rising as well.  The demand has been pretty overwhelming in Manhattan Beach with multiple offer situations selling over the list price being the norm.

Manhattan Beach saw 34 homes sell and close escrow in March of 2016 with only one of those homes selling below $1,000,000.  The average list price of $2,675,985 and the average sales price at $2,657,132 which again shows that very few homes are selling below list price….even in a market in which inflated prices are becoming more common.  The lowest priced home of the month was a 2 bedroom townhome in Manhattan Village at $984,000 and the most expensive was $5,700,000 for an older home on an enormous (by Manhattan Beach standards) 11,405 square foot lot.  As has been the norm for the past 2 years, none of the sales were foreclosures.

Click any link below to see the homes sold in March of 2016.
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance

Median Home Prices in Manhattan Beach Decline Y-O-Y in February 2015

By Keith Kyle912-Duncan

February saw a continuing decline in the homes for sale and the number of homes sold in Manhattan Beach and much of the South Bay with housing inventory remaining well below the average.  Manhattan Beach saw 25 homes sell in February at a median price of $1,750,000.  Although it was a 16% drop from the median price a year earlier, that had been a record setting month with median home prices well over $2,000,000.

City Homes Sold February 2015 Median February 2014 Median Year over Year % Change
Carson 39 $395,000 $362,500 9.0%
El Segundo 14 $818,250 $952,000 -14.0%
Gardena 23 $334,000 $372,500 -10.3%
Harbor City 11 $393,000 $317,500 23.8%
Hawthorne 29 $410,000 $460,000 -10.9%
Hermosa Beach 14 $1,512,500 $1,265,000 19.6%
Lawndale 9 $415,000 $412,250 0.7%
Lomita 5 $326,000 $515,000 -36.7%
Long Beach 203 $405,000 $385,000 5.2%
Manhattan Beach 19 $1,750,000 $2,083,500 -16.0%
Marina Del Rey 16 $1,335,000 $769,000 73.6%
Palos Verdes Estates 31 $1,300,000 $1,392,500 -6.6%
Playa Del Rey 11 $891,500 $517,500 72.3%
Rancho Palos Verdes 32 $1,038,750 $708,500 46.6%
Redondo Beach 46 $812,000 $767,500 5.8%
San Pedro 52 $405,500 $450,000 -9.9%
Torrance 86 $542,000 $511,500 6.0%
Westchester 20 $820,000 $797,000 2.9%