While Home Inventory Remains Low…Oceanfront Strand Homes Buck the Trend

Over the past few years, the Manhattan Beach real estate market has been driven by low inventory and high demand.  Homes generally sell fairly quickly but the ultra luxury market of oceanfront homes, known in Manhattan Beach as the Strand is a vastly different situation.  Currently there are 7 oceanfront homes or properties for sale on the Manhattan Beach Strand.  As of 9/29/18 there are 7 homes for sale on the beach which is pretty incredible given the limited number of homes in general.  The median days on market for these homes is 79 with the average days on market a whopping 241.

Current Manhattan Beach Oceanfront Strand Homes

Oceanfront Home Values Just Keep Rocketing Up on The Manhattan Beach Strand

By Keith KyleManhattan Beach Strand

Just when we thought Strand prices had reached stratospheric levels, a wave of new listings has shown that they’re set to go well higher.  Prices that two years ago would have been unthinkable now appear to be the norm.  Currently there are 4 oceanfront properties on the market in Manhattan Beach and the lowest priced home is listed at $16,000,000, located at 3120 The Strand with the highest price being $28,900,000 at 1000 The Strand.  View details on the current oceanfront homes for sale on The Strand in Manhattan Beach.  The current average list price for these oceanfront homes is over $20,000,000 with an average price per foot of over $5,000.  To put this in perspective the previous high water mark was $15,750,000 for 1904 The Strand which sold back in November 2014.  There have only been 2 other on market sales over $12.0M.

Manhattan_Beach_Strand_Homes_for_Sale

 

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