Post-Pandemic Manhattan Beach Home Sales Rocket UpwardMay 13, 2021 04:47PM ● By Mb News Staff
Source: Manhattan Beach Confidential
According to data collected by the local real estate blog Manhattan Beach Confidential, far more home sales have closed in the 12-month period ending April 30 than at any other point since 2007.
A whopping total of 483 home sales closed in Manhattan Beach between May 1, 2020 and April 30, 2021.
That's the highest total in recent memory, according to Dave Fratello, broker at Edge Real Estate Agency and author of Manhattan Beach Confidential.
"To find a figure higher than the current 483 sales in 12 months, we had to go all the way back into 2006-07, a frenzied period that also happened to be the end of the early-aughts bull market," said Fratello.
Even more incredibly, the May 2020/April 2021 year-over-year total includes some slow months early in the pandemic, which means that the current pace is even hotter.
"Since we are right in the middle of the spring market now, it'll be no
surprise if the May and June figures also carve out new peaks," said Fratello.
Perhaps not surprisingly, April also saw more new escrows opened than in any recent year. With 51 new deals inked within the month, this year narrowly beat out 2019's surprisingly strong figure of 49.
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