October 2021 Real Estate Market Report

Manhattan Beach Sand Section

Ed’s Sand Section Insights.
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$4.68M

avg. sale price

$1,827

avg. pricer per sf

32 Days

avg. sale price

18

homes sold in august

9

homes in escrow

20

homes for sale

Will Sand Section prices fall… in Fall?

by Ed Kaminsky • November 15, 2021

The Sand Section has proven to be HOT HOT HOT in 2021 with the largest year-over-year gain I’ve ever seen: 29%. Now, this doesn’t really mean that all homes appreciated 29% over that year, and it also reflects an increase of higher-priced sales that have pushed the number up.

One thing for sure, though, is that the Sand Section has continued to grow in popularity for both full-time home ownership and the growing second-home market. There are very few beach communities in the country that offer perfect weather, a great hometown feel, and quick access to a world-class metropolitan area, as well as an international airport. I expect this trend to continue in the new year until we see an increase of inventory or increase in mortgage interest rates.

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