Manhattan Beach Real Estate Market – 2020 Recap

It was quite a  year for real estate and home sales in Manhattan Beach during 2020.  The numbers certainly spell that out and it looks like 2021 won’t be slowing down anytime soon.  There were 429 on market home and property sales compared to 391 in December of 2019.  The median sales price for the year was $2,983,000 with an average price per foot of $1,100.  The average days on market was 44.  See detailed Manhattan Beach real estate trends and statistics.

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Manhattan Beach Real Estate Market At A Glance

The Manhattan Beach real estate market was impressive once again in December with 45 homes sold compared with 36 in December of 2019.  The median sold price was $2,772,000 and the average days on market was only 30.

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Manhattan Beach Home Prices for August

Median Home Price almost $3.0M for August

The summer was definitely hot in Manhattan Beach and not just the weather.  Home sales set a new 18 month hight 2ith 48 on market homes and properties selling during the month. 

That was the highest number of sales in the past few years.

The sales prices were also impressive with median prices almost reaching the $3.0M mark.  The median “list” price at $2,957,500 and the median “sold” price at $2,865,000 indicating a softening market in terms of pricing but still a strong seller’s market. The average price per foot of the sold homes was $1158 and the average days on market was 75 but the median was a short 31. The big sale of the month was a beachfront duplex at 516 The Strand which almost immediately sold (which is extremely rare for beachfront homes) at $14,500,000.

August 2020 Home Sales in Manhattan Beach

Type
 Address
Price
$ Per Sq Feet
Bed/Bath
Sq Feet
Year Built
Sold Date
DPLX/D
317
Moonstone ST  
$1,399,000
$1,197.77
2/2,0,0,0
1168/A
1935/ASR
8/7/2020
CONDO/A
4216
Highland AVE   #A
$1,401,100
$980.48
2/2,0,1,0
1429/A
1989/ASR
8/17/2020
SFR/D
1909
Highland AVE  
$1,600,000
$1,391.30
2/2,0,0,0
1150/A
1932/ASR
8/21/2020
TWNHS/A
425
36th PL  
$1,825,000
$997.27
3/2,0,1,0
1830/A
2005/ASR
8/11/2020
SFR/D
120
23rd PL  
$2,195,000
$1,459.44
2/1,1,1,0
1504/A
1989/ASR
8/6/2020
TWNHS/A
433
21st PL   #2
$2,210,000
$1,264.30
3/1,2,1,0
1748/OTH
2013/ASR
8/28/2020
TWNHS/A
118
26th ST  
$2,420,000
$1,057.23
3/3,0,1,0
2289/OTH
1987/ASR
8/3/2020
TWNHS/D
3020
Highland AVE  
$2,500,000
$1,251.88
3/4,0,0,0
1997/A
2000/ASR
8/4/2020
SFR/D
316
10th ST  
$3,360,532
$816.26
4/5,0,0,0
4117/A
2003/PUB
8/28/2020
TWNHS/A
2211
Bayview DR  
$3,495,000
$1,313.91
4/2,1,0,1
2660/A
2006/ASR
8/31/2020
SFR/D
420
9th ST  
$3,656,250
$1,179.82
4/4,0,0,0
3099/A
1953/PUB
8/12/2020
SFR/D
705
Crest DR  
$3,870,000
$1,607.81
5/2,2,1,0
2407/B
2020/BLD
8/27/2020
SFR/D
428
32nd ST  
$3,925,000
$914.28
4/3,0,1,0
4293/A
1988/ASR
8/4/2020
DPLX/A
516
The Strand   
$14,500,000
$7,696.39
4/4,0,0,0
1884/A
1950/ASR
8/18/2020
SFR/D
1012
Rosecrans AVE  
$1,485,000
$1,125.85
3/1,0,0,0
1319/A
1955/ASR
8/11/2020
SFR/D
2833 N
Valley DR  
$1,615,000
$1,422.91
2/2,0,0,0
1135/A
1951/ASR
8/28/2020
SFR/D
1021
33rd ST  
$2,525,000
$633.31
5/4,0,0,0
3987/A
2012/PUB
8/18/2020
SFR/D
555
36th ST  
$2,535,000
$871.43
4/3,0,0,0
2909/AP
1950/ASR
8/21/2020
SFR/D
2701
Maple AVE  
$2,669,650
$669.76
4/3,0,1,0
3986/A
1983/ASR
8/17/2020
SFR/D
1412
Walnut AVE  
$2,676,000
$943.25
4/4,0,0,0
2837/A
2009/ASR
8/6/2020
SFR/D
1305
Church ST  
$2,700,000
$872.37
4/5,0,0,0
3095/A
2008/PUB
8/14/2020
SFR/D
3012 N
Poinsettia AVE  
$2,850,000
$907.64
4/2,1,0,0
3140/A
1981/ASR
8/17/2020
SFR/D
3513
Pine AVE  
$3,105,000
$959.52
5/4,0,1,0
3236/B
2020/BLD
8/13/2020
SFR/D
2615
Laurel AVE  
$3,249,000
$1,047.73
5/3,1,1,0
3101/A
2003/ASR
8/14/2020
SFR/D
604
31st ST  
$3,775,000
$1,040.52
5/4,0,1,0
3628/D
2015/SLR
8/21/2020
SFR/D
3305
Pine AVE  
$6,000,000
$1,765.74
4/1,3,1,0
3398/A
2006/ASR
8/20/2020
SFR/D
3301
Pine AVE  
$6,000,000
$1,048.40
5/2,4,1,0
5723/A
2008/ASR
8/20/2020
SFR/D
811
1st ST  
$2,669,500
$1,672.62
3/2,0,0,0
1596/A
1957/ASR
8/24/2020
SFR/D
943
Duncan AVE  
$2,900,000
$594.02
4/3,2,0,0
4882/A
1948/ASR
8/20/2020
SFR/D
861
11th ST  
$3,795,000
$983.16
4/3,0,1,0
3860/A
1995/ASR
8/12/2020
SFR/D
872
9th ST  
$3,800,000
$936.88
5/3,1,1,0
4056/A
1999/ASR
8/26/2020
SFR/D
815
1st ST  
$3,920,000
$1,215.13
4/3,0,1,0
3226/A
1974/PUB
8/21/2020
SFR/D
916
9th ST  
$4,433,750
$940.95
5/5,0,1,0
4712/B
1998/ASR
8/19/2020
TWNHS/A
11
Tiburon CT  
$1,665,000
$887.53
3/2,0,1,0
1876/A
1987/ASR
8/11/2020
SFR/D
1537
19th ST  
$2,020,000
$1,052.08
3/1,1,0,0
1920/A
1964/ASR
8/20/2020
SFR/D
1162
Chestnut AVE  
$2,880,000
$845.57
4/4,0,1,0
3406/B
2020/BLD
8/6/2020
SFR/D
1631
19th ST  
$2,999,000
$841.71
5/4,0,0,0
3563/P
2015/PUB
8/10/2020
TWNHS/A
229
Aviation Pl   
$1,070,000
$608.65
3/2,0,1,0
1758/A
2002/ASR
8/10/2020
SFR/D
1026 N
Herrin ST  
$1,600,000
$1,333.33
3/2,0,0,0
1200/T
1950/ASR
8/20/2020
SFR/D
308 N
Herrin ST  
$1,935,000
$1,095.08
4/2,0,0,0
1767/A
1957/ASR
8/11/2020
SFR/D
1711
11th ST  
$2,286,335
$835.65
4/3,0,0,0
2736/A
1980/ASR
8/12/2020
SFR/D
1346
1st ST  
$2,491,500
$746.85
4/3,0,0,0
3336/A
1988/ASR
8/21/2020
SFR/D
1514
Voorhees AVE  
$2,925,000
$736.40
5/4,0,0,0
3972/A
1994/ASR
8/20/2020
SFR/D
1756
10th ST  
$3,225,000
$728.98
5/6,0,0,0
4424/A
2000/ASR
8/10/2020
SFR/D
1157
6th ST  
$3,350,000
$780.52
5/4,0,0,0
4292/A
1999/PUB
8/24/2020
SFR/D
1247
6th ST  
$3,500,000
$780.90
5/4,0,1,0
4482/AP
2007/ASR
8/18/2020
SFR/D
1619
9th ST  
$4,150,000
$838.72
5/2,3,1,0
4948/D
2020/BLD
8/21/2020
SFR/D
1501
9th ST  
$6,000,000
$708.05
6/4,2,4,0
8474/A
2009/ASR
8/7/2020

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That Was Quick – Big Sale at 516 The Strand Bucks the Trend

We’re working on getting some information on this sale but a beachfront Strand sale selling in 6 days is definitely big news. This was an ideally located duplex that was in very clean, but fairly original condition so it seems likely that this is a land sale. We’ll update the post as we get more information. It only took 6 days on the market and about a month total for 516 The Strand to sell for the list price of $14,500,000

View the other beachfront homes for sale on The Strand in Manhattan Beach as well as Hermosa Beach Strand homes

Manhattan Beach Real Estate Update – Stats for Q2

Manhattan Beach real estate in the 2nd quarter of 2020 was most definitely impacted by the uncertainties of the coronavirus and the economic situation.  The market definitely slowed considerably with only 73 home sales during April May and June compared with 118 sold homes in 2019.

The very good news is that the rest of the numbers were very impressive.  The median sales price was $2,875,000 and $1,113 per square foot.

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Manhattan Beach Real Estate – At a Glance

Real estate overview of Manhattan Beach

If you’re at home due to the quarantine, why not sit back, relax and get a quick overview of the real estate market in Manhattan Beach.

April most definitely felt the impacts of the coronavirus with the number of home sales dropping significantly.  There were 20 home sales in April compared with 44 the year earlier.  Although that was unfortunate news, the rest of the numbers remained strong.  

The median home price for the month was an impressive $3,540,000 with an average price per $1,309.

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LOCATION

Vista Sotheby’s International Realty is one of the top brokerages in Southern California and the South Bay.

ADDRESS:

2501 N Sepulveda Blvd, Manhattan Beach, CA 90266

Phone:

310.251.2344

E-mail:

keith.kyle@vistasir.com

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