Numbers don’t always tell the whole story. Although the median sales price appears to have decreased year-over-year, you can clearly see that the price per square foot has increased by over 20%. This is a much more accurate figure of what has happened in the East Manhattan Beach market over the past year.

Simply put, it’s become one of the hottest markets in Los Angeles. The draw is larger yards and larger homes that represent a better value than other Manhattan Beach neighborhoods. Yes, it’s a bit further from the beach, but it also offers easy access to the only middle and high schools in the city.

Inventory is at an all-time low… and doesn’t seem likely to be clicking up anytime soon. We’ll see what 2022 brings!