It's remarkable that once they sold lots in Manhattan Beach for $200.
But those were the old-fashioned days, and nothing cost what it does today. Plus, they had to wear those ridiculous head-to-toe swim outfits.
Everything's pricier now, MB's got more going for it than in those $200-a-plot days, and the swim gear's gotten better. (Now we wear head-to-toe swim outfits by choice, to stay warm.)
You don't have to look all the way back to the days of the Model T to see some very impressive value increases over time.
Let's take one townhome for an example, and a roughly 15-year timeframe to watch prices rise.
301 2nd (3br/4ba, 2100 sq. ft.) is a townhome completed in 1991.
The first title transfer we can see now goes back to 1997. Purchase price in '97: $725K.