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 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 |
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