Manhattan Beach Median Home Price Rockets to $2.8 MillionJul 09, 2021 10:10AM ● By Mb News Staff
Meanwhile, Manhattan Beach real estate has hit another peak: The number of closed sales in a 12-month period (546 total sales for July 1, 2020-June 30, 2021) is 22 percent higher than any other July-June period since ’08 - and a whopping 67 percent more than last year.
"Inventory locally remains tight, mortgage rates remain low, the broader economy is humming and pandemic restrictions are largely being pulled back," said Dave Fratello, broker at Edge Real Estate Agency and author of MB Confidential. "None of these factors is guaranteed to last, of course, but right now there are no obvious indicators that price trends will change. In other words, look out above."
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