Manhattan Beach Real Estate: Q4 Was Highest in 5 Years
Feb 14, 2020 07:36AM
By Jeanne Fratello
"But by the end of 2019, nothing looked soft," he continued. "The market looked to be on fire. It seemed as if buyers stopped waiting all at once and began clearing out the inventory left on the shelves."
Based on the amount of money spent within the 4th quarter, 2019 was the best year-end period ever seen in Manhattan Beach, with $571.7 million in sales.
That blistering 4th-quarter pace, however, didn't rescue 2019 from a decline in overall spending on Manhattan Beach homes.
With $2.158 billion in real estate sales, Manhattan Beach actually saw a $100 million decline from 2018's total, and a $300 million dropoff from the record-setting 2017 total of $2.458 billion. This left 2019 with the 3rd-highest total in real estate dollar volume for the city.
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