The number of home sales in Manhattan Beach was really starting to increase during the first few months of 2020. The red line below shows pending sales and it’s hard not to notice the decline into December and then the sharp turnaround in 2020. It’s hard to imagine that the impacts of Corona virus won’t temper that considerably but only time will tell home much of an impact it will actually have. The chart below offers a snapshot of the Manhattan Beach real estate market over the past 15 months. The light green bar shows active listings, the dark green is sold homes per month and the red line is the pending home sales. View all of the recent Manhattan Beach real estate trends and statistics.
Even in a hot “sellers” market there are some homes that just exceed the norm. The recent sale at 822 6th Street shows that when somethng is priced well, it’s most definitely not a slow market. 822 6th Street in the hill section of Manhattan Beach was listed for $2,999,000 and sold for $3,575,000. The home itself was going to be a challenge for many buyers with a mid-century design and a layout that wouldn’t accomodate many of today’s buyers without some major changes but that didn’t slow the process down. From our understanding there were at least 7 offers, many all cash, and it sold for almost $600,000 over the initial list price.
822 6th Street Manhattan Beach
February was a very slow month for closed home sales in Manhattan Beach with only 21 homes sold during the month. That’s the fewest home sales in a month over the past 18 months other than December 2018 and 2019 (which is typically very slow) Prices were solid as they’ve been over the past 18 months with the median list prices of $2,250,000 and a median sales price of $2,230,000. Average price per foot for sold homes in Manhattan Beach was $1174. Median days on market was only 39 which is another indication of a strong sellers market. The tree section of Manhattan saw the most home sales with 8. See the Manhattan Beach real estate stats for the past 15 months below.
February 2020 Home Sales and Prices in Manhattan Beach.
|MLS #||Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|19537834||CONDO||2404||Manhattan AVE #A||$2,300,000||$1,130.22||3/2,0,1,0||2035/A||1983/ASR||2/14/2020|
|19491738||TWNHS||1520||Manhattan Beach Bl #B||$625,000||$570.78||2/1,0,1,0||1095/||1966||2/26/2020|
By the Number – Real Estate Stats for Manhattan Beach CA
The two homes at 120 and 124 6th Street which are being sold together, just went into escrow. Although we’re not currently aware of the sales price, the 2 homes were listed for $12,650,000. While the property is clearly being sold for land value the home at 120 is a duplex on a 2,687 foot lot. The adjacent property is a workable single family home on a 2,700+ foot lot. The combined lots offer a pretty unique and spectacular walkstreet location for a true legacy type home. 6th Street is an extremely high demand walkstreet with an ideal south sand section location.
120 & 124 6th Street, Manhattan Beach
It was definitely a quiet month for home sales in Manhattan Beach with only 13 homes selling all month. Compare that with 36 in December, 43 in November, 23 in October and you can see how slow it was. See the chart at the bottom of the page to see the Manhattan Beach home sales and listings for the past 13 months. The median list price was $3,195,000 with a median “sold” price of $3,100,000 indicating it’s still a fairly solid seller’s market. The median price per foot was $1,069.25.
The highest priced sale of the month was $6,650,000 for a 2012 built single family home on a walkstreet at 128 18th Street.
January 2020 Manhattan Beach Home Sales and Prices
|Type||Address||Price||$ Per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|SFR||206 N||DIANTHUS ST||$3,130,000||$710.72||3/3,0,0,1||4404/A||1989||1/3/2020|
|CONDO/A||4216||Highland AVE #H||$1,575,000||$1,069.25||3/3,0,0,0||1473/A||1989/ASR||1/13/2020|
Listed at a price fairly unheard of for any location other than the beachfront homes of The Strand, 202 Ocean not only came out at a huge list price of $12,750,000 but surprisingly went under contract quickly. If the home sells anywhere close to the list price of it will really set a new standard for the market.
Although the home isn’t on the Strand it’s pretty ideally located just one home back and in the south end of the Sand Section which is always valuable territory. The home offered a corner walkstreeet location with great south and west facing views from every level. Due to the location the current views are basically unblockable which is a rarity for anything other than beachfront homes on the Manhattan Beach Strand. The home offered an impressive 5 bedrooms, 6 baths and almost 4,200 square feet.