Manhattan Beach Luxury Home Market Strong and Steady in the Sand Section

The surf, the sun, the sand, the beautiful views…..the luxury home market in the Manhattan Beach sand section has remained strong although there has been a slow down of pending home sales since the end of summer. Currently there are 14 active homes and townhomes for sale in the sand section priced over $2,000,000. The average price for active listings in the sand section is $3,595,000 with the average sales price of $2,422,600 for homes sold since October 1, 2012.

Currently there are more homes for sale priced above $2.0M than below with 14 homes priced above and only 13 homes sub $2.0M.  Much of the driving force of the high current list average is due to the number of oceanfront homes on The Strand as well as a number of luxury walkstreet homes.

 

The chart below shows the market trends in the luxury home market of Manhattan Beach.

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