March Madness for Manhattan Beach Real Estate

Spring buying season hit the Manhattan Beach real estate market with full force. March home sales blew the historical average out of the water by almost 50 percent! Total sales volume came in at $77.6 million last month, versus a four year historical March average of $52.0 million. That’s a big deal.

Here are a couple charts that give a visual for this blow out:

Looking at the trend line:

Here’s how the stats came in:

Over the prior month, total market volume surged $55 million and the number of closed sales went from 14 to 45. Median sales came in at a nominal $1,352,000, almost $600 per square foot. Homes remained on market for an average of 40 days longer than those that sold in February.

Here’s a spreadsheet with last month’s Manhattan Beach real estate data from MLS, including all closed sales for single family residences, townhouses, and condominiums.

To browse through what’s currently on the market, check out these Manhattan Beach home listings, or check out what we have available now with NW’s real estate listings. Contact a Manhattan Beach Realtorwith questions about any listing.

Here’s are some charts breaking out sales volume, median sale prices, and median prices by square foot for each of the Manhattan Beach real estate sections:

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