Waterfront real estate in town is a rare luxury, and price points on The Manhattan Beach Strand are among the highest in town.
Still, 2021 is poised to blow away recent sales records on The Strand.
Of course it is! This year is a record year in so many ways, naturally The Strand is going to edge in to secure…
Waterfront real estate in town is a rare luxury, and price points on The Manhattan Beach Strand are among the highest in town.
Still, 2021 is poised to blow away recent sales records on The Strand.
Of course it is! This year is a record year in so many ways, naturally The Strand is going to edge in to secure its place in the record books.
With 16 sales already closed in calendar year 2021, the year clearly sets a record, beating out 2012's total of 11 Strand sales.
No other year in the past 20 had double-digit sales. You'll usually see around 5 public sales within a given year, give or take.
The weakest years recently?
2008: Crash year, zero Strand sales
2010: Weak recovery year, 2 sales
2016: Wobbly year, 1 sale
2019: Wobbly year, 3 sales
But in big-time busy years, including 2012 (start of the current boom market) and 2021 (huuuuuuge), you see more Strand sales also.
Meantime, due to a large number of pricey sales, the average for Strand sales exceeds $10M. There were 9 sales over $10M, 3 of those over $16M.
For the 16 sales closed as of press time, the total amount of money spent for Strand homes is $161.45M.
Both figures are an enormous bump over 2020, which saw 6 sales worth $61.3M.
The top sale for The Strand this year was 508 The Strand (5br/6ba, 4325 sqft.) at $19.200M, also the highest sale of the year in Manhattan Beach.
There are still 2 pending sales on The Strand as we speak, each of which inked purchase contracts in late November, meaning we could end up with 16-17 sales if any close before year end.
Have a look at the past year's Strand sales below, or on this page displaying past sales on The Strand in Manhattan Beach.
UPDATE: The original version of this post referenced 15 sales that posted prior to publication date. As one more sale closed before year-end, we updated the text and graphics.
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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 September 17th, 2024 at 12:50pm PDT. 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.
