Manhattan Beach PPSF at $1,043

As in so many other ways, Manhattan Beach real estate ended 2020 with a record value. In this case, median price per square foot (PPSF).

The median PPSF ended 2020 at $1,043/PSF, highest-ever for a year-end figure.

The median PPSF first hit the symbolic landmark of $1,000/PSF in Jan. 2018, and has remained over $1,000 most, but not all, of the time since.

The highest-ever median PPSF for a 12-month period was hit in March 2019, at $1,049/PSF. You might also be able to see in our chart here that the figure was slightly higher in November 2020 ($1,048/PSF) than it was on Dec. 31, 2020.

As was the case with median prices overall, the 2020 figure represented a rebound of sorts. Year-end 2019 had seen a drop of $26/PSF (-2.5%) in the citywide median PPSF from the end of 2018. The 2020 bounce was 3.8% over 2019.

All sections of MB performed well last year with respect to median PPSF, but only the Tree Section hit a new peak.

The Trees have teased at $1,000/PSF for a few years, always ending the year just below. In one blip in March 2019, exactly $1,000/PSF was hit before the figure dipped again.

The first quarter of 2020 saw Tree Section PPSFs under $950/PSF, but the last 4 months were all over $1,020/PSF. The year-end figure was $1,022/PSF.