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%

October a Strong Month in Manhattan Beach Home Sales

By Keith Kylestrand homes

October showed no signs of a slowdown in the luxury real estate market of Manhattan Beach.  42 homes closed escrow and prices reached new highs with a median home price of $2.1M and an average home price of $2.2M which is well over the previous 18 months.  Of the 42 home sales only one was sold below $1,000,000.  12 of the homes sold between $2.0M and $3.0M, 3 homes sold between $3.0M and $4.0M and 3 homes sold above $4.0M.  Visit our market trends page to see the current price and market trends for all of Manhattan Beach CA.

View the October 2014 home sales in Manhattan Beach

Median Home Price in Manhattan Beach Tops $2,000,000 in January

By Keith Kyle

Median home prices increased dramatically throughout the South Bay in January of 2014, but nowhere were increases quite as impressive as in the luxury market of Manhattan Beach.  It was quite a month for the real estate market in this coastal community. Median home prices topped the $2.0M mark for the first time with a median price of $2,152,000.    Some of the increase in median price was due to the very low inventory with only 15 homes selling in the first month of 2014 (not taking into account the numerous “off market” sales). In addition the inventory of sub $1.0M continued to decline considerably as many of these homes were sold off market to builders or flippers. There has been a recent increase in both homes for sale and pending escrows which may ease the inventory pressure somewhat.  See the Manhattan Beach real estate trends for additional information on pricing, home sales, pending escrows, median prices and more.

Current Manhattan Beach homes for sale

Median Home Prices Up in Manhattan Beach in October 2013

Home prices continue to rise in Manhattan Beach and October saw month over month increases in every South Bay city compared with October of the previous year.  Manhattan Beach saw 40 homes successfully close escrow with an increase of almost 22% compared with October of 2012.  The median price was $1,386,000.  The median home price in September was $1,690,000.  Visit our median home sale page for the South Bay to see the prices and year over year changes for all cities in the past 12 months.

October 2013 Home Prices in the South Bay

City Homes Sold October 2013 Median October 2012 Median Year over Year % Change
Carson 48 $361,000 $286,500 26.00%
El Segundo 8 $779,000 $648,000 20.22%
Gardena 43 $357,000 $299,250 19.30%
Harbor City 14 $421,500 $337,500 24.89%
Hawthorne 52 $488,000 $360,000 35.56%
Hermosa Beach 24 $1,399,000 $835,000 67.54%
Lawndale 12 $345,228 $252,500 36.72%
Lomita 10 $560,000 $450,000 24.44%
Long Beach 323 $405,000 $302,750 33.77%
Manhattan Beach 40 $1,386,000 $1,137,500 21.85%
Marina Del Rey 28 $810,000 $652,500 24.14%
Palos Verdes Estates 31 $1,367,500 $1,282,500 6.63%
Playa Del Rey 18 $442,500 $344,750 28.35%
Rancho Palos Verdes 40 $915,000 $870,000 5.17%
Redondo Beach 76 $747,500 $700,000 6.79%
San Pedro 50 $433,000 $330,500 31.01%
Torrance real estate 103 $511,500 $467,000 9.53%
Westchester 41 $742,500 $627,000 18.42%

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Keith Kyle has been a full time realtor in Manhattan Beach since 2005 and has been recognized as one of the top producing agents at Vista Sotheby’s every year since 2007

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