South Bay Digs • August 16, 2013

Home prices in the U.S. have historically risen at an average of about 3.6% a year. Interestingly, if the housing market had not gone through the recent boom and bust cycle, and prices simply had risen at the historic average of 3.6% during the cycle, home - Manolo Blahnik prices would be almost exactly where they are today. Last year in Manhattan Beach the average sales price for Single Family Homes was $1,791,081, which would equate to a price gain of approximately $65,000 at the average price increase of 3.6%. Thus far in 2013, the average sales price in Manhattan Beach is $2,005,700 – a $214,619 (12%) increase year-over-year.