Median Home Prices in Manhattan Beach Decline Y-O-Y in February 2015
By Keith Kyle
February saw a continuing decline in the homes for sale and the number of homes sold in Manhattan Beach and much of the South Bay with housing inventory remaining well below the average. Manhattan Beach real estate saw 25 homes sell in February at a median price of $1,750,000. Although it was a 16% drop from the median price a year earlier, that had been a record setting month with median home prices well over $2,000,000.
South Bay Home Sales Febrary 2015
| City | Homes Sold | February 2015 Median | February 2014 Median | Year over Year % Change |
| Carson | 39 | $395,000 | $362,500 | 9.0% |
| El Segundo | 14 | $818,250 | $952,000 | -14.0% |
| Gardena | 23 | $334,000 | $372,500 | -10.3% |
| Harbor City | 11 | $393,000 | $317,500 | 23.8% |
| Hawthorne | 29 | $410,000 | $460,000 | -10.9% |
| Hermosa Beach | 14 | $1,512,500 | $1,265,000 | 19.6% |
| Lawndale | 9 | $415,000 | $412,250 | 0.7% |
| Lomita | 5 | $326,000 | $515,000 | -36.7% |
| Long Beach | 203 | $405,000 | $385,000 | 5.2% |
| Manhattan Beach | 19 | $1,750,000 | $2,083,500 | -16.0% |
| Marina Del Rey | 16 | $1,335,000 | $769,000 | 73.6% |
| Palos Verdes Estates | 31 | $1,300,000 | $1,392,500 | -6.6% |
| Playa Del Rey | 11 | $891,500 | $517,500 | 72.3% |
| Rancho Palos Verdes | 32 | $1,038,750 | $708,500 | 46.6% |
| Redondo Beach | 46 | $812,000 | $767,500 | 5.8% |
| San Pedro | 52 | $405,500 | $450,000 | -9.9% |
| Torrance | 86 | $542,000 | $511,500 | 6.0% |
| Westchester | 20 | $820,000 | $797,000 | 2.9% |