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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!
It’s as easy as clicking a button. The quicker you get in touch, the quicker we can get to work for you!
*Based on Chauner, Bailey. “How to Win a Real Estate Bidding War.” Redfin, 22 Nov. 2019 | Ed Kaminsky DRE #00958114 | eXp Realty of California, Inc. Department of Real Estate #01878277. The information contained in this document, including, but not limited to, square footage and/or acreage, has been provided by various sources which may include the Seller, public records, the Multiple Listing Service or other sources. Broker has not and will not investigate or verify the accuracy of this information. When you use HomeLight Home Loans for your new purchase, the HomeLight Trade-In fee is 1.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. If you do not use HomeLight Home Loans on your new purchase, the HomeLight Trade-In fee is 3.0% for the first 30 days HomeLight owns the property, and 0.5% for every 30 days thereafter. The HomeLight Trade-In fee is calculated off of the final selling price of your current home. HomeLight, Inc. CA DRE #01900940 | EAVE, Inc. DBA HomeLight Home Loans NMLS #1529229