By Keith Kyle
March was yet another very busy month for home sales in Manhattan Beach and the South Bay with home prices continuing to go up and the number of home sales rising as well. The demand has been pretty overwhelming in Manhattan Beach with multiple offer situations selling over the list price being the norm.
Manhattan Beach saw 34 homes sell and close escrow in March of 2016 with only one of those homes selling below $1,000,000. The average list price of $2,675,985 and the average sales price at $2,657,132 which again shows that very few homes are selling below list price….even in a market in which inflated prices are becoming more common. The lowest priced home of the month was a 2 bedroom townhome in Manhattan Village at $984,000 and the most expensive was $5,700,000 for an older home on an enormous (by Manhattan Beach standards) 11,405 square foot lot. As has been the norm for the past 2 years, none of the sales were foreclosures.
Click any link below to see the homes sold in March of 2016.
Palos Verdes Estates
Rancho Palos Verdes
Rolling Hills Estates