The median home price for the United States of America is about $230K.
In California, it's twice that. The median price is $461K.
And then there's Manhattan Beach. Our median home price is 10x the national: $2,354,500. (See "Manhattan Beach Median Price Soars 13% in '17.")
So it's no surprise, perhaps,…
The median home price for the United States of America is about $230K.
In California, it's twice that. The median price is $461K.
And then there's Manhattan Beach. Our median home price is 10x the national: $2,354,500. (See "Manhattan Beach Median Price Soars 13% in '17.")
So it's no surprise, perhaps, that there were more mega-dollar sales last year than there were sales under $1M.
To be precise: there were just 5 sales under $1M, but 7 sales over $10M.
We've noted a few in a post on the highest/lowest sales of 2017. Here's a complete list.
Sales Under $1M (5)
Bet you didn't know you could get into the Hill Section for less than $1 million.
But oh yes, it's possible. One such sale was 1117 Pacific Unit 7 (2br/2ba, 880 sqft.). It listed for $759K but got bid up by 8% to sell for $819K.
That was actually the only sale of 2017 under $1M west of Sepulveda.
Otherwise, it was 2br and 3br condos east of the Highway:
1501 Artesia Blvd. #1 (2br/3ba, 1200 sqft.), a 1970s original with light upgrades was the least-pricey sale of the year 2017 at $768K.
Another 1970s 2br TH closer to the center of town at 1320 12th St. Unit F (2br/2ba, 1250 sqft.) sold for $785K.
At 1140 MB Blvd. Unit F (2br/3ba, 1200 sqft.), an updated 1970s unit sold for $820K, just $5K off the asking price.
Finally, at 1155 11th #9 (3br/3ba, 1550 sqft.), they got $880K.
Bonus: Right at exactly $1,000,000, a TH at 1420 12th #1 sold; that was $75K under asking.
Sales Over $10M (7)
Notice how we made you wait to see the big sales?
The least pricey of the $10M-and-over sales was in East Manhattan Beach, representing the combined properties of 1155 and 1165 Ronda. (Confusingly, both properties show up separately as $10.885M sales, but it's one.) For more, see "Double Huge East MB Lots Close."
The rest of the $10M+ sales were in the expected places: on The Strand and in the Hill Section.
3420 The Strand (5br/6ba, 5500 sqft.) is one of those Strand sales, a custom 2003-built corner-lot Cape Cod.
It came in at $15.400M. (See "Strand Corner Beauty Nets $15.4M.")
There were two major fixer/lot sales along the Strand also:
1912 The Strand at $11.300M
2400 The Strand at $11.900M
Meantime, a newly build home in the South End at 104 The Strand (5br/8ba, 6125 sqft.) closed for a monster $18.400M.

All that's left after those five $10M sales is a couple at $20M.
Exactly at $20M: 814 Pacific Ave. (6br/6ba, 10,000 sqft.) in the Hill Section.
It's effectively a triple-lot house with expansive grounds and a fun guest house built with a "secret" underground den/wine bar.
And then, there's the biggest sale of the year, prime dirt near town.
1000 The Strand is a corner lot of almost 5000 sqft. near the pier.
The closed sale of $21.000M is really going to be just the beginning for the buyer, as the old multi-family unit on site is not, er, a gorgeous $20M prize.
Other Big Numbers from 2017
There were also:
• 3 MLS-reported sales over $9M in 2017
• 4 sales from $7M-$8M
• 8 sales from $6M-$7M
• 11 sales from $5M-$6M
... and so on... to one more fact we've mentioned before:
• More than half of all 2017 sales (232) closed between $2.000M-$5.000M
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.