Welcome to the June Manhattan Beach real estate market update. June 2017 was a big month for home sales in Manhattan Beach CA with a significant number of homes selling. The summer months are always an active market in the Beach Cities and this year was no different with 57 Manhattan Beach homes closing escrow. Thats well above the normal number of Manhattan homes selling in a month. Median home prices were up significantly over June of the previous year with the median home in Manhattan Beach selling at just under $2,467,000 which was a 28% increase from June of the prior year. According to Manhattan Beach realtor Keith Kyle, the market has been driven by a constant demand with inventory levels still remaining historically low. Click here to see all of the recent home sales in Manhattan Beach CA.
|City||Homes Sold||June 2017 Median||June 2016 Median||Year over Year % Change%|
|Marina Del Rey||34||$968,000||$900,000||7.6%|
|Palos Verdes Estates||46||$1,679,000||$1,533,000||9.5%|
|Playa Del Rey||34||$683,000||$603,000||13.3%|
|Rancho Palos Verdes||75||$1,240,000||$1,200,000||3.3%|