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…
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.
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.
Based on information from California Regional Multiple Listing Service, Inc. as of January 26th, 2025 at 12:35am PST. 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.