Manhattan Beach Median Home Price Down 2% in 2019
Jan 10, 2020 09:23AM
By Jeanne Fratello
Graphic via Manhattan Beach Confidential
Notably, there were "only" two sales over $10 million in Manhattan Beach in 2019, compared to five or more in previous years.
Nevertheless, the 2019 median home price represents just a 2% drop from 2018's record high of $2,400,000.
Furthermore, the number is $2,000 higher than the 2017
That means, even with this past year's mild drop, the median price
still marked its second-highest year-end total ever, according to Dave Fratello, broker associate and founder at Edge Real Estate Agency, and author of Manhattan Beach Confidential.
Fratello points out that the median bounced around a bit before settling at this slightly lower point for the year. "Whatever's next, we do have a first for recent years: an actual drop in prices for Manhattan Beach," he said.
For the full discussion, graphs, and data points, visit Manhattan Beach Confidential.
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