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Crazy: More Sales over $10M Than Under $1M in 2017

Jan 25, 2018 12:48PM ● By Jeanne Fratello
Manhattan Beach real estate has reached a surprising height, according to Manhattan Beach Confidential: More Manhattan Beach homes sold for over $10 million than under $1 million in 2017.

All told, there were just 5 sales under $1M, but 7 sales over $10M, according to Realtor Dave Fratello, the author of Manhattan Beach Confidential.

Additionally, there were 3 sales over $9 million, 4 sales from $7-8 million, 8 sales from $6-7 million, and 11 sales from $5-6 million.

Putting those numbers in a larger context, the median home price for the United States of America is about $230K. In California, it's twice that, with the median price at $461K. In Manhattan Beach, the median home price is 10 times the national at $2,354,500.

For more fascinating statistics, and the year-end roundup, see Manhattan Beach Confidential.

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