Manhattan Beach Hill Section Prices Reach All-time High

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.

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

If we look back ten years, the lowest price 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% 

Average SALE PRICES | 5 Year – Single Family Residences

MANHATTAN BEACH HILL SECTION

Current Market Snapshot:  Single Family Residence
*As of 6.26.18

Manhattan Beach HILL SECTION | Active

Active listings: 7
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 market: 82
Months of inventory: 3

Manhattan Beach HILL SECTION | Sold

Closed Sales Y-T-D: 12
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 market: 54
Average sales discount: -0.0060% under list

MRMLS single family residence average sales in Manhattan Beach Hill. Information is deemed accurate but not guaranteed.

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