2011 Manhattan Beach Luxury Homes Sold Statistics vs 2012 Manhattan Beach Luxury Homes

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Manhattan Beach Luxury Homes for Sale:

Manhattan Beach Real Estate researched data from the Multiple Listing Service looking at Manhattan Beach luxury homes for sale that sold over $5 million to see how the Manhattan Beach luxury homes market in 2011 compared to the Manhattan Beach luxury homes market in 2012.

2011 Manhattan Beach Luxury Homes Sold:
Number of Manhattan Beach Luxury Homes sold:  12 Manhattan Beach luxury homes
Average Days on the Market:  199 Days for Manhattan Beach luxury homes for sale to close on average
Average Price for Manhattan Beach Luxury Homes Sold:  $5.325m
Average Price per Square Foot of Manhattan Beach luxury homes Sold:  $1234 / SF

2012 Manhattan Beach Luxury Homes Sold:
Number of Manhattan Beach Luxury Homes sold:  11 Manhattan Beach luxury homes
Average Days on the Market:  102 Days for Manhattan Beach luxury Homes for Sale to close on average
Average Price for Manhattan Beach Luxury Homes Sold:  $6.523M
Average Price per Square Foot of Manhattan Beach Luxury Homes Sold:  $1526 / SF

Changes between 2011 and 2012 Manhattan Beach Real Luxury Real Estate Sold:
Number of Manhattan Beach Luxury Homes sold:  Down 8%
Average Days on the Market for Manhattan Beach luxury homes to sell:  Down 49%
Average Price for Manhattan Beach Luxury Homes Sold:  Up 18%
Average Price per Square Foot of Manhattan Beach Luxury Homes Sold:  Up 19%


Manhattan Beach Real Estate believes the above data has a lot to do with the fact that there is limited inventory in today’s tight market.  The lower number of transactions in 2012 has a lot to do simply with less Manhattan Beach luxury homes being available for sale. This is further evidenced by the average days on the market going down and the average price and average price per square foot going up.  The Manhattan Beach Luxury Real Estate market continues to show strength with steady and solid demand. 
 

Please contact Manhattan Beach Real Estate broker, Mitch Hagerman at 310-963-4358 or at Mitch@ManhattanBeachRealEstate.com for any questions about the current Manhattan Beach real estate market and for any assistance in buying or selling Manhattan Beach luxury properties.

Please also search all available Manhattan Beach real estate for sale on our website:  www.ManhattanBeachRealEstate.com.

posted: May 20, 2013 - Manhattan Beach Real Estate - Blog
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