Manhattan Beach Strand Sales Hit Record Highs

By Dave Fratello | December 27th, 2021

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.

508 The Strand Manhattan Beach CAThe 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.

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 4018 The Strand BD/BA 3br/5ba SQFT 3115 sqft LOT 0 PRICE $7,600,000 $PSF $2,440 DOM 0 DOM SOLD SOLD 10/28/22 START $ $7,600,000 START 10/28/22
Address 1900 The Strand BD/BA 2br/3ba SQFT 3635 sqft LOT 3328 PRICE $15,573,900 $PSF $4,284 DOM 9 DOM SOLD SOLD 08/31/22 START $ $15,900,000 START 08/31/22
Address 4114 The Strand BD/BA 4br/6ba SQFT 2250 sqft LOT 3507 PRICE $4,125,000 $PSF $1,833 DOM 18 DOM SOLD SOLD 08/19/22 START $ $4,150,000 START 08/19/22
Address 1208 The Strand A BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,850,000 $PSF $4,076 DOM 20 DOM SOLD SOLD 08/02/22 START $ $4,999,000 START 08/02/22
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $16,200,000 $PSF $3,271 DOM 153 DOM SOLD SOLD 07/28/22 START $ $17,500,000 START 07/28/22
Address 2804 The Strand BD/BA 3br/4ba SQFT 2932 sqft LOT 3481 PRICE $12,700,000 $PSF $4,332 DOM 274 DOM SOLD SOLD 07/21/22 START $ $16,499,000 START 07/21/22
Address 614 The Strand BD/BA 4br/3ba SQFT 2128 sqft LOT 3406 PRICE $11,500,000 $PSF $5,404 DOM 76 DOM SOLD SOLD 07/11/22 START $ $13,000,000 START 07/11/22
Address 4314 The Strand BD/BA 3br/4ba SQFT 2649 sqft LOT 3506 PRICE $5,175,000 $PSF $1,954 DOM 12 DOM SOLD SOLD 05/11/22 START $ $5,275,000 START 05/11/22
Address 2220 The Strand BD/BA 3br/3ba SQFT 1552 sqft LOT 3498 PRICE $4,700,000 $PSF $3,028 DOM 21 DOM SOLD SOLD 05/05/22 START $ $5,500,000 START 05/05/22
Address 4320 The Strand BD/BA 3br/6ba SQFT 3592 sqft LOT 1558 PRICE $10,755,000 $PSF $2,994 DOM 23 DOM SOLD SOLD 03/25/22 START $ $10,795,000 START 03/25/22
Address 4104 The Strand BD/BA 3br/2ba SQFT 1948 sqft LOT 3493 PRICE $6,230,000 $PSF $3,198 DOM 21 DOM SOLD SOLD 02/02/22 START $ $6,499,000 START 02/02/22
Address 808 The Strand BD/BA 4br/5ba SQFT 2911 sqft LOT 5070 PRICE $9,600,000 $PSF $3,298 DOM 121 DOM SOLD SOLD 12/29/21 START $ $11,695,000 START 12/29/21

 

 

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