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
|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|
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