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Manhattan Beach Real Estate: 2020 Was Highest Dollar Volume Ever

Jan 17, 2021 08:47AM ● By Dig Mb Staff
The year 2020 set a new record for dollar volume for real estate transactions within Manhattan Beach, according to Manhattan Beach real estate blog Manhattan Beach Confidential.

A total of $2.563 billion was spent on homes in the city during the calendar year - a calendar year that was actually "missing" a few months when real estate activity was frozen due to COVID-19 shutdowns.

This figure tops the previous annual high, 2017's figure of $2.458 billion, by $105 million.

Additionally, this new total reverses two years of modest declines, said Dave Fratello, broker at Edge Real Estate Agency and author of Manhattan Beach Confidential.

"The year-over-year jump from 2019 was nearly 19% - and that was after we saw a completely respectable $2.158 billion transacted in 2019," said Fratello.

To read more on this story, see 2020 Saw the Most Money Ever Spent on Manhattan Beach homes.

For the latest pending/sold report and massive amounts of additional local real estate data, visit MB Confidential's data page. For an up-to-the-minute scorecard on new listings, new escrows, new closed deals, and new price cuts, visit the Manhattan Beach Confidential Dashboard.

Additionally, for more insights into the market, to inquire about buying or selling properties, or to learn more about off-market inventory, contact Dave Fratello by email, or call (310) 243-6299.


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