Real estate in Manhattan Beach and Hermosa Beach is always valuable as there is a finite number of homes and lots and the demand for these coastal communities is always high. The most sought after properties are on The Strand, offering luxury buyers endless beach and ocean views and the best of coastal living. There aren’t many places where you can walk out your back door and be on the sand. Prices have always been relatively high for these limited, and very rare pieces of property but values have skyrocketed in the past 18 months. Whereas there were occasional deals to be had not long ago, now even lot value sales are well into 7 figures.