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Quick Flood of Deals - Manhattan Beach Market Update for 1/15/25

In some parts of Los Angeles County, it's devastation from wildfires.

In Manhattan Beach, a flood has begun – a flood of new deals for homes on the market.

As just one measure... The short period from Jan. 1-15, 2025, saw more money plunked down for Manhattan Beach real estate than in the same two weeks of any of the prior 4 years.

With $51.3 million committed to new purchases, 2025 fully eclipsed two recent years that benefited from the supercharging of local real estate thanks to low mortgage rates during the covid crisis (2021 and 2022).

The year 2021, which became the biggest in at least 20 years in Manhattan Beach, fell $14.8 million short of this year's total in the first 2 weeks of the year.

And 2022, which was still surging along early in the year – before the music stopped in May – was $8.7 million shy.

This year's Jan. 1-15 had 6 times the dollar volume of anemic 2023, and 62% more than last year.

Now, what's remarkable is that this year's mega-total came out of just 9 deals, with 7 of those in the Sand Section.

Instead of making you chase them all down in our market update spreadsheets, here's the full list (click any address to see the full property details online):

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $START
472 29th Street 5/6 4,603 2,998 $4,595,000 $998 93 $4,595,000 10/15/24
527 24th Street 4/2 2,106 4,052 $3,299,000 $1,566 68 $3,399,000 10/17/24
237 27th Street 4/6 4,000 2,449 $10,495,000 $2,624 157 $11,000,000 08/08/24
440 8th Street 5/6 3,610 2,702 $8,200,000 $2,271 3 $8,200,000 01/08/25
429 5th Street 5/4 3,255 2,703 $5,950,000 $1,828 83 $5,950,000 09/25/24
3004 Manhattan Avenue 5/6 3,370 1,752 $7,950,000 $2,359 55 $7,950,000 11/21/24
125 38th Street 3/3 1,838 1,354 $3,199,000 $1,740 36 $3,199,000 11/26/24
26 Monterey Court 2/3 1,557 1,576 $1,399,000 $899 162 $1,529,000 08/07/24
1751 8th Street 6/6 5,826 7,506 $6,195,000 $1,063 97 $6,195,000 10/10/24

Did you notice? 

There's a $10M+ property (237 27th) in there...

237 27th Street, Manhattan Beach,

That one had hung around for a few months before making its deal. (Listed by Rob Freedman, DOMO Real Estate.)

And there was a walkstreet beauty at 440 8th, asking $8.200M, that didn't last a week:

440 8th Street, Manhattan Beach,

(Listed by Anna Hartley, Pacifica Properties Group, Inc.)

And over on the east side, one listing is shooting for another record, asking $6.195M (1751 8th, listed by Bryn Stroyke, Bayside):

1751 8th Street, Manhattan Beach,

So those big ones led the charge, but it's still true that 8 of 9 of these new deals were asking more than $3M, and 6 of 9 were over $4.5M. 

And hey, our cutoff for these market update spreadsheets is the 15th. More has been getting under contract since. The impact of wildfire-displaced families coming to purchase in this market is only just beginning to show up.

So begins the year, with a blast of trumpets.

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dave fratello edge real estate logoNerdy note: As with many MBC market updates and analyses, all of the data here is hand-crafted, calculated, charted and tied together exclusively by Dave Fratello for MB Confidential. It's only because we have been publishing market updates twice a month for almost 18 years that we have some of the data that we use here and can rely upon to make calculations like this – along with links from our publicly distributed spreadsheets.

If you appreciate our unique data, we hope you'll think of us fondly when you, or a friend or colleague, has a need in local real estate. It's easy to Contact Dave. Thanks!

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Here's the rest of our local real estate market update report for the period ending 1/15/25:

> 53 active listings as of 1/15/25 (+15 from 12/31/24) 

> 42 SFRs (+14)

> 11 THs (+1)

See the Inventory list as of 1/15/25 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

> Tree Section: actives (+3)

> Sand Section: 22 actives (+5)

> Hill Section: actives (+1)

> East MB: 18 actives (+7)

We're also providing a report on closed sales by region of MB.

Sales data, including PPSF for all properties, are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 1/15/25".


Please see our blog disclaimer.

Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of February 10th, 2025 at 8:52pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.