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Manhattan Beach Home Sales and House Prices for June 2020

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June saw a nice uptick in the number of homes that closed escrow. There were 30 closed sales which was the highest one month total so far this year.  The highest price of the month was $7,000,000 which was a bargain price for an oceanfront home located at 3004 The Strand.  The median list price for the month was $2,390,000
with a median “sold” price of $2,187,000 which wasn’t surprising given the real slow down in the previous 2 months. The average price per foot was $1039.31 and the average days on market was 59. See our Manhattan Beach real estate chart for comparison with other months.

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Manhattan Beach Home Sales for June 2020

MLS # Type   Addres Price $ Per Foot Bed/Bath Sq Feet Year
SB20049412 TWNHS/A 4216 Highland AVE   #B $1,250,000 $874.74 2/2,0,1,0 1429/A 1989/ASR
SB20116458 SFR/D 468 27th ST   $1,766,500 $1,533.42 2/2,0,0,0 1152/A 1937/PUB
SB20106187 SFR/D 221 9th ST   $1,953,000 $1,475.08 2/2,0,0,0 1324/A 1962/ASR
SB19196164 SFR/D 3621 Alma AVE   $2,100,000 $834.99 4/3,0,0,0 2515/A 1961/ASR
SB20050796 SFR/D 129 Moonstone ST   $2,100,000 $979.93 3/3,0,1,0 2143/A 1991/ASR
20581222 SFR 209 42ND ST   $2,199,000 $1,213.58 3/3,0,1,0 1812/ 2006
SB19168779 SFR/D 460 29th ST   $3,850,000 $999.48 4/4,0,2,0 3852/B 2019/ASR
SB19189348 SFR/D 328 19th ST   $4,925,000 $1,199.17 5/3,1,0,1 4107/A 2010/ASR
SB19252603 SFR/D 504 1st ST   $5,204,063 $937.67 5/5,0,2,0 5550/T 2019/BLD
LG20072722 SFR/D 3004 The Strand $7,000,000 $2,090.80 4/1,2,1,0 3348/A 1960/PUB
SB20086428 SFR/D 3617 Elm AVE   $1,650,000 $1,375.00 3/2,0,0,0 1200/A 1952/ASR
SB20101461 SFR/D 759 Marine AVE   $1,700,000 $1,180.56 4/2,0,0,0 1440/AP 1941/ASR
SB20054439 SFR/D 1829 N Poinsettia AVE   $1,920,000 $1,337.98 3/2,0,0,0 1435/A 1950/ASR
SB20017815 SFR/D 2205 N Poinsettia AVE   $2,530,000 $677.38 5/5,0,0,0 3735/A 1990/ASR
SB20032410 SFR/D 794 27th ST   $2,555,000 $830.35 5/3,0,1,0 3077/A 1949/ASR
SB20053086 SFR/A 2326 N Ardmore AVE   $2,680,000 $844.89 4/3,0,1,0 3172/A 1995/PUB
SB20049041 SFR/D 849 12th Court CT   $3,675,000 $1,045.22 5/4,1,1,0 3516/T 2019/BLD
SB20063984 SFR/D 606 N Ardmore AVE   $2,450,000 $737.73 3/3,0,0,0 3321/A 1993/ASR
SB20097357 SFR/D 1030 2nd ST   $2,500,000 $1,332.62 3/2,1,0,1 1876/AP 1952/ASR
SB20089583 CONDO/A 8 Fairway DR   $1,464,500 $1,010.70 2/2,0,0,0 1449/A 1983/ASR
SB20091640 SFR/D 1200 Magnolia AVE   $1,590,000 $1,250.98 2/1,1,0,0 1271/A 1948/ASR
SB20085523 SFR/D 1612 Chestnut AVE   $2,740,000 $1,005.50 5/2,2,1,0 2725/D 2020/BLD
SB20104376 SFR/D 1400 Lynngrove DR   $3,000,000 $834.03 5/2,3,1,0 3597/D 2020/ASR
OC20068109 CONDO/A 1520 Manhattan Beach #B $765,000 $698.63 2/1,0,1,0 1095/A 1966/EST
SB20097703 TWNHS/A 1140 Manhattan Beach #E $850,000 $710.11 2/2,0,1,0 1197/A 1978/ASR
3.2E+08 SFR/D 1157 8th ST   $1,299,000 $1,358.79 3/1,0,0,0 956/O 1951/ASR
SB20097306 SFR/D 1712 Gates AVE   $2,175,000 $794.96 4/2,1,0,0 2736/A 1980/SLR
SB20103303 SFR/D 1740 Voorhees AVE   $2,499,000 $708.13 5/4,0,0,0 3529/A 1989/ASR
SB20079453 SFR/D 1550 5th ST   $3,800,000 $637.16 5/6,0,0,0 5964/A 2012/ASR
SB20042180 TWNHS/D 1540 Manhattan Beach BLVD   $1,400,000 $669.86 4/3,0,0,0 2090/A 2006/ASR

June 2017 Home Sales in Manhattan Beach CA

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By Keith Kyle

June 2017 was a big month for home sales in Manhattan Beach CA with a fairly huge number of homes selling.  The summer months are always an active market and this year was no different with 57 Manhattan Beach homes closing escrow.  Thats well above the normal number of Manhattan homes selling in a month.  Median home prices were up significantly over June of the previous year with the median home in Manhattan Beach selling at just under $2,467,000 which was a 28% increase from June of the prior year.  Click here to see all of the recent home sales in Manhattan Beach CA.

City Homes Sold June 2017 Median June 2016 Median Year over Year % Change%
Carson 61 $445,000 $450,000 -1.1%
El Segundo 15 $800,000 $1,135,000 -29%
Gardena 70 $461,000 $430,000 7.2%
Harbor City 19 $465,000 $547,000 -15%
Hawthorne 45 $592,000 $624,000 -5.1%
Hermosa Beach 26 $1,718,000 $1,274,500 34.8
Lawndale 12 $535,000 $519,000 3.1%
Lomita 18 $565,000 $555,000 1.8%
Long Beach 419 $523,000 $470,000 11.2%
Manhattan Beach 57 $2,467,000 $1,924,000 28.2%
Marina Del Rey 34 $968,000 $900,000 7.6%
Palos Verdes Estates 46 $1,679,000 $1,533,000 9.5%
Playa Del Rey 34 $683,000 $603,000 13.3%
Rancho Palos Verdes 75 $1,240,000 $1,200,000 3.3%
Redondo Beach 117 $969,000 $945,000 2.5%
San Pedro 82 $510,000 $500,000 1.9%
Torrance 184 $673,000 $635,000 5.9%
Westchester 42 $1,090,000 $1,050,000 3.8%

March 2016 Median Home Prices for Manhattan Beach and the South Bay

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By Keith Kyle

The numbers for March are in and it was another big month for home prices and home values in Manhattan Beach.  The median home price in this highly demanded coastal community was $2,275,000 and seems to just keep climbing.  There were 41 homes sold in Manhattan Beach CA or the month which is fairly typical over the past few months.

City Homes
Sold		 March
2016 Median		 March
2015 Median		 Year
over Year % Change%
Carson 54 $447,500 $426,500 4.9%
El Segundo 10 $1,006,000 $849,000 18.5%
Gardena 58 $475,000 $403,500 17.7%
Harbor City 14 $450,000 $455,000 -1.1%
Hawthorne 36 $513,000 $642,000 -20.2%
Hermosa Beach 16 $1,183,000 $1,310,000 -9.7%
Lawndale 10 $385,000 $447,000 -13.9%
Lomita 11 $530,000 $481,000 10.1%
Long Beach 327 $478,000 $414,000 15.3%
Manhattan Beach 41 $2,275,000 $1,940,000 17.3%
Marina Del Rey 18 $1,025,000 $860,000 19.2%
Palos Verdes Estates 28 $1,355,000 $1,400,000 -3.2%
Playa Del Rey 18 $560,000 $546,000 2.6%
Rancho Palos Verdes 56 $1,156,250 $1,044,500 10.7%
Redondo Beach 89 $893,000 $862,000 3.7%
San Pedro  80 $554,000 $481,000 15.1%
Torrance 133 $615,000 $530,000 16%
Westchester 25 $910,000 $854,000 6.6%

See The Homes That Sold In Manhattan Beach CA in March 2016

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By Keith KyleManhattan Beach Modern Houses

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.
El Segundo
Gardena
Hawthorne
Hermosa Beach
Hollywood Riviera
Lawndale
Manhattan Beach
Palos Verdes Estates
Rancho Palos Verdes
Redondo Beach
Rolling Hills Estates
San Pedro
Torrance

Average Home Sales Price Nearing $3,000,000 in Manhattan Beach

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By Keith Kyle

1631 19th Street sold at $2.725M
1631 19th Street sold at $2.725M

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%

Is Liberty Village – Manhattan Beach – Ready for $3.0M Homes?

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By Keith Kyle

1631 19th Street sold at $2.725M
1631 19th Street sold at $2.725M

Liberty Village is a small area of East Manhattan Beach with primarily smaller, original homes built in the 1940s and 1950s.  This had always been the least expensive area or Manhattan and homes were often owned by engineers from nearby TRW (now Northrop Grumman).  Well times have changed and with lot values now over $1,000,000 even Liberty Village is a viable option for some big money buyers in Manhattan Beach priced out of the other areas.

Although still made up primarily of original homes, many of which have been extensively remodeled by owners or flippers, the area has seen a definite increase in new construction as builders have seen a much higher likelihood of yielding significant profits.  Lately numbers have skyrocketed and we’ve inched closer to the $3.0M mark which would have seemed unthinkable a year ago.

The highest sale was at 1631 19th Street which closed at $2,725,000 in June of 2015.

1304 Lynngrove Currently Listed at $2.99M
1304 Lynngrove Currently Listed at $2.99M

The listing at 1304 Lynngrove initially took that high water mark and then some.  Originally listed in February of 2015 for just under $3.2M the home has had a number of price reductions and is now listed at $2,999,900 which is still a huge number for Liberty Village.   It will be interesting to keep an eye on the ultimate sales price of this new construction home on a 5300 foot lot as it will likely set the bar for any and all upcoming new construction homes in the area.

We're sorry, but we couldn't find MLS # SB15245725 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

 

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