By Keith Kyle
January 2016 saw another impressive month of home sales and home prices in this luxury coastal community. Althought median prices were down from the prior month, they were up from a year ago and demand continues to be strong. Fewer new construction homes were sold this past month which has some concerned about the abundance of current and future new construction projects in Manhattan Beach.
Visit our sales page to see all of the recent home sales in Manhattan Beach and neighboring communities.
City | Homes Sold | January 2016 Median | January 2015 Median | Yearover Year % Change% |
Carson | 27 | $415,000 | $385,000 | 7.8% |
El Segundo | 8 | $1,074,500 | $799,000 | 34.5% |
Gardena | 28 | $471,000 | $399,000 | 18% |
Harbor City | 13 | $500,000 | $454,000 | 10.1% |
Hawthorne | 33 | $457,000 | $500,000 | -8.5% |
Hermosa Beach | 10 | $1,783,500 | $1,680,000 | 6.2% |
Lawndale | 9 | $450,000 | $430,000 | 4.7% |
Lomita | 12 | $420,000 | $365,000 | 15.1% |
Long Beach | 241 | $425,000 | $406,000 | 4.7% |
Manhattan Beach | 22 | $1,760,000 | $1,675,000 | 5.1% |
Marina Del Rey | 16 | $1497,000 | $855,000 | 75.1% |
Palos Verdes Estates | 19 | $1,272,000 | $1,251,000 | 1.7% |
Playa Del Rey | 10 | $574,000 | $527,000 | 9.0% |
Rancho Palos Verdes | 38 | $900,000 | $1,015,000 | -11.3% |
Redondo Beach | 66 | $885,000 | $802,000 | 10.3% |
San Pedro | 47 | $465,000 | $450,000 | 3.4% |
Torrance | 83 | $632,000 | $617,000 | 2.3% |
Westchester | 22 | $880,000 | $900,000 | -2.2% |