Manhattan Beach Home Prices Rose 25% Since March 2020Feb 09, 2022 04:19PM ● By Mb News Staff
In March 2020, the 12-month rolling median price for Manhattan Beach homes was at $2.435 million.
By year-end last year, it was up to $3.045 million.
"We keep finding extraordinary ways to look at the extraordinary data in front of us, and these figures represents yet another marker of how unusual the pandemic time has been for Manhattan Beach real estate," said Dave Fratello, founder of MB Confidential and broker with Edge Real Estate Agency.
Fratello also shared how some other market segments performed from March 2020-Dec. 2021:
Los Angeles County: +26% (to $805,000)
Orange County: +23% (to $890,000)
San Diego County: +27% (to $730,000)
Redondo Beach: +16.5% (to $1.310M)
Torrance: +16% (to $880,000)
Gardena: +20% (to $680,000)
Beverly Hills: +13.5% (to $3.250M)
La Cañada Flintridge: +18% (to $2.080M)
Newport Beach: +25% (to $2.425M)
Laguna Beach: +44% (to $2.670M)However, Manhattan Beach is exactly on pace with one South Orange County coastal city (Newport Beach), according to Fratello, and just about even with LA County as a whole (+26%).
Fratello added, "Laguna Beach is massively en fuego (prices +44%), and it's not because that's a tiny market subject to wild fluctuations. They have been running in the high 500s for the number of sales in 12 months recently, just like Manhattan Beach."
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.