Manhattan Beach Median Home Price Hits $3 MillionDec 04, 2021 11:10AM ● By Mb News Staff
The $3 million median was reached in November 2021, according to data that spans the full 12-month period leading up to this landmark moment. Prices are up 15 percent since last November.
"Way-back-when, in May 2020, the median price was $2.5 million," said Dave Fratello, author of MB Confidential and broker at Edge Real Estate Agency. "It's all a remarkable bounceback after pandemic shutdowns hit the market hard in Spring 2020."
For that matter, Fratello added, even though November is supposed to be slow, in the second half of November 2021, there were more new purchase contracts inked than in any comparable period going back to at least 2013.
For more details on what's driving the median price increase, and more market data, see MB Confidential's latest blog post.
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