Pandemic Push: Manhattan Beach Home Prices Rose 25% Since March 2020

By Dave Fratello | February 9th, 2022

We keep finding extraordinary ways to look at the extraordinary data in front of us.

Here's a new one.

Put very simply, from the time of the first COVID-19 shutdowns in March 2020 till year-end 2021, Manhattan Beach median home prices rose 25 percent.

That's 25% in 20 months.

In March 2020, the 12-month rolling median price for Manhattan Beach homes was at $2.435M.

By year-end last year, it was up to $3.045M.

Y'know, we feel really special here at the beach. We think our market does better than everyone else's.

Here are how some other market segments performed from March 2020-Dec. 2021:

Los Angeles County: +26% (to $805,000)

Orange County: +23% (to $890,000)

San Diego County: +27% (to $730,000)

Redondo Beach: +16.5% (to $1.310M)

Torrance: +16% (to $880,000)

Gardena: +20% (to $680,000)

Beverly Hills: +13.5% (to $3.250M)

La Cañada Flintridge: +18% (to $2.080M)

Newport Beach: +25% (to $2.425M)

Laguna Beach: +44% (to $2.670M)

So, our 25% jump is impressive, and Manhattan Beach has one of the highest median prices in SoCal.

But we're exactly on pace with one South Orange County coastal city (Newport Beach) and just about even with LA County as a whole (+26%).

Laguna Beach is massively en fuego (prices +44%), and it's not because that's a tiny market subject to wild fluctuations. They have been running in the high 500s for the number of sales in 12 months recently, just like Manhattan Beach.

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