By Keith Kyle
The December numbers are in and if there was any thought that the real estate market in Manhattan Beach was leveling the numbers certainly say otherwise.
The average home price in Manhattan Beach for the homes that closed escrow during December was $2,766,567 with a median price of $2,184,000. That’s a fairly incredible number that still shows no sign of slowing or reversing. The reasons are the continued demand with a limited supply of new listings, combined with an abundance of new construction homes that are fetching record prices. See the chart below for the December home sales numbers for Manhattan Beach and the South Bay for December of 2015.
| City | Homes Sold |
December 2015 Median |
December 2014 Median |
Year over Year % Change |
| Carson | 73 | $360,000 | $365,000 | -1.4% |
| El Segundo | 10 | $949,000 | $735,000 | 20.2 |
| Gardena | 41 | $420,000 | $385,000 | 9.1% |
| Harbor City | 15 | $483,000 | $467,000 | 9.1% |
| Hawthorne | 35 | $508,500 | $667,750 | -23.8% |
| Hermosa Beach | 24 | $1,475,000 | $1,360,000 | 8.5% |
| Lawndale | 13 | $420,000 | $415,000 | 1.2% |
| Lomita | 16 | $520,000 | $490,000 | 6.1% |
| Long Beach | 339 | $456,000 | $395,000 | 15.4% |
| Manhattan Beach | 34 | $2,184,000 | $1,689,000 | 29.3% |
| Marina Del Rey | 31 | $905,000 | $759,000 | 19.2% |
| Palos Verdes Estates | 29 | $1,456,000 | $1,150,000 | 26.7% |
| Playa Del Rey | 17 | $605,000 | $482,000 | 25.5% |
| Rancho Palos Verdes | 48 | $1,170,000 | $1,135,000 | 3.1% |
| Redondo Beach | 89 | $826,250 | $770,000 | 7.3% |
| San Pedro | 72 | $517,500 | $492,000 | 5.2% |
| Torrance | 133 | $597,000 | $562,000 | 6.3% |
| Westchester | 34 | $951,000 | $807,500 | 17.8% |