Manhattan Beach Real Estate Market Trends | Recent Closed Sales

Manhattan Beach Hill Section Santa Barbara style house

Year to date there have been 238 closed sales in Manhattan Beach through the end of August making the August sales of 30 properties sold just about match the rolling average for the year (29.75).
The median price was $1,950,000 for August home sales which is higher than the year to date median of $1,800,000 inclusive of August. 

The lowest price sale was for a townhouse on Manhattan Beach Blvd that went for $830,000 and the highest price was (no surprise) a house on the Strand that sold for $14,000,000 after 7 days on the market. The Strand sale was actually the highest priced sale for the year in 90266.

There were 13 sales above the MLS list price and 11 below and yes that does mean the other 6 were exactly at the MLS list price. All in all about 2/3 sold at or over the list price.

The Sand Section (MLS Area 142) continues to dominate activity with 9 sales. The lowest priced property that changed hands in the Sand Section was a 1 bedroom, 1 bath 528 SqFt house on a 1351 SqFt lot. I'm going to assume that one was sold for lot value. Listed at $1.8M it went for $1,916,000 "all cash" because let's face it, how do you get that one to appraise?

I think the nicest and most livable (in its current condition) Sand Section property was a townhouse at 2310 Vista Dr. Built in 2002, 2419 SqFt and super modern. Sold for $3.4M which was $1K above the list price.

Modern Sand Section Townhouse - wow!

And then at the highest of the high end is the sale at 304 The Strand for $14M. That house is a 3 bedroom sitting on a 3226 ocean front lot.

Here's everything that sold in the Sand Section during August:

There were 5 "Tree Section" sales (MLS Area 143) ranging in price from $1.6M up to $5.05M for a new construction SFR near American Martyrs and with Ocean Views. So I kind of look at 636 12th St as more like Sand Section but in the Trees if that makes any sense.

Tree Section Manhattan Beach new construction