Manhattan Beach Median Home Price Drops 3% From PeakApr 06, 2023 08:48PM ● By Mb News Staff
Source: Manhattan Beach Confidential
"Anything's possible, but from this seat, it looks unlikely that there would be a continued decline that sheds more than 10% from today's median home value in Manhattan Beach," said Dave Fratello, broker at Edge Real Estate Agency and author of Manhattan Beach Confidential.
Fratello continued: "Low inventory is keeping a solid "floor" under prices, and some market segments (especially near $2M) are very busy, even competitive, all over the South Bay. Manhattan Beach has been busy at all price points recently."The following chart features year-end median prices for each year.
For more analysis on the latest median price, see the MB Confidential blog post here.