I’m tracking luxury homes sales in Manhattan Beach and Hermosa Beach because I have a vested interest in high-end homes in the area since I have one listed for sale in Hermosa Beach. It’s important to know the local market, the competition as well as the absorption rate when devising a marketing plan tailored to the luxury home buyer.
For the purpose of this report I’ll refer to all single family home sales over $2,000,000 in Manhattan Beach as luxury properties, and break them down by 2012 sales in each neighborhoods.
Manhattan Sand Section Sales: 44 Manhattan Beach Sand Section single family homes sold in 2012 . The highest price paid was $10.5M for a 4 bedroom, 4.5 bath home built in 2008 and located at 1712 The Strand.
Manhattan Tree Section Sales: 25 Manhattan Beach luxury homes priced over $2M sold in the Tree Section in 2012. The highest price paid was $4.9M for a 5767 sq. ft. home built in 2006 and located at 624 14th St.
Manhattan Hill Section Sales: 16 Manhattan Beach luxury homes located in the Hill Section sold for $2M or more in 2012. The highest price paid was $4.4M for a 5 bedroom, 4,5 bath home located at 504 John Street.
Manhattan Mira Costa Sales: 9 Manhattan Beach luxury homes located in the Mira Costa area sold for $2M+ in 2012. The most expensive home sold for $5.5M. The 6 bedroom, 7 bath California Craftsman home was built in 2002.
If you would like to know more about the Manhattan Beach luxury home market contact Norma Toering & Team. (310) 493-8333