Manhattan Beach Marks $1 Billion Increase in Home Sale Volume for 2021Jan 05, 2022 08:49AM ● By Mb News Staff
Fratello added that it was also the percentage change that was record-setting.
A new MB Confidential chart shows that only one year came close to the year-over-year change that 2021 brought.
With a 39% increase in dollar volume, 2021 beat 2017's 31% increase, as well as 2020's rise of 19% and 2014's rise of 23%.
Volume... and Prices
How did it happen? Volume and prices, said Fratello.
This past year was the first
in at least the past 14 years to see more than 500 homes sold within one
calendar year, he said.
Additionally, the median price hit and exceeded $3.0 million
in Manhattan Beach for the first time ever in November 2021, and rose
more than $50K at year's end.
"This data sure sets the bar high for 2022, if people want to see any kind of repeat of 2020-21, or a continuation of momentum," noted Fratello.
Manhattan Beach's Real Estate Resource
MB Confidential, DigMB's sister publication, offers the most detailed resource available for Manhattan Beach real estate data.
For the latest pending/sold reports and massive amounts of additional local real estate data, visit MB Confidential's data page. For an up-to-the-minute scorecard on new listings, new escrows, new closed deals, and new price cuts, visit the Manhattan Beach Confidential Dashboard.