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Manhattan Beach Hill Section Prices Reach All-time High

The Hill Section in Manhattan Beach has reached a new record high median sales price of $4,050,000 in May 2018, up 41.1% from a year earlier when the median sale price was $2,870,000.

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Manhattan Beach Hill Section Set New Record High Median and Average Sales Price

The average sale price also hit a new high of $4,696,250 in May, up 45.2% versus last May. Additionally, the average number of days on market fell 59.4% to just 28 in May 2018 versus last May, when the average number of days on market was 69.

If we look back ten years, the lowest-priced single-family residence sold in the Hill Section is 402 Larsson Street, which sold for $816,000 in June 2009. The highest sale price in the Hill Section was $20,000,000 for 814 Pacific Avenue, which sold last August.

Manhattan Beach Hill Section Year-Over-Year
$4,696,250 | + 45.2% 

Manhattan Beach Hill Section | Active

Active listings7
Minimum list price$2,350,000
Maximum list price$6,199,000
Average list price$4,388,286
Median list price$4,399,000
Average days on market82
Months of inventory3

Manhattan Beach Hill Section | Sold

Closed Sales Y-T-D12
Minimum close price$1,930,000
Maximum close price$8,050,218
Average close price$4,721,770
Median close price$4,747,500
Average days on market54
Average sales discount-0.0060% under list

Current Market Snapshot:  Single Family Residence *As of 6.26.18. MRMLS single-family residence average sales in Manhattan Beach Hill. Information is deemed accurate but not guaranteed.

Hero Image: Brian Holm, Avenue Eye

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