Manhattan Beach Real Estate: 2020 Was Highest Dollar Volume EverJan 17, 2021 08:47AM ● By Mb News Staff
A total of $2.563 billion was spent on homes in the city during the calendar year - a calendar year that was actually "missing" a few months when real estate activity was frozen due to COVID-19 shutdowns.
This figure tops the previous annual high, 2017's figure of $2.458 billion, by $105 million.
Additionally, this new total reverses two years of modest declines, said Dave Fratello, broker at Edge Real Estate Agency and author of Manhattan Beach Confidential.
"The year-over-year jump from 2019 was nearly 19% - and that was after we saw a completely respectable $2.158 billion transacted in 2019," said Fratello.
To read more on this story, see 2020 Saw the Most Money Ever Spent on Manhattan Beach homes.
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