As we predicted October was not a good month for the Manhattan Beach real estate market. For the month there were a total of 32 homes (Single Family Residence, Condominium, Townhouse) sold, up slightly from September’s 25 but still down significantly from the summer months. The Sand section continues to remain the strongest market area with 1o homes sold in October at a median price of $1,850,000.

The overall market median sales prices have also been dropping since summer, dipping to just over $1.2 million in October. The Sand and Tree sections have maintained their high median sale prices, hitting four month highs in October, but the median values for homes sold in the Mira Costa and Hill sections have dropped significantly since summer.

There is no other way to put it other than September was a bad month for the Manhattan Beach real estate market. There were only 25 total home sales (Single Family Residence, Condominium, Townhouse) for the month, down significantly from August’s 45 sales.

Comparing year over year stats doesn’t paint quite as gloomy a picture but it isn’t exactly cheery news either. Last September saw 34 home sales recorded, with the Tree Section the most popular with 11 sales. This past month the Tree Section once again lead all other areas with 9 sales, followed closely by the Sand Section with 8 homes sold.

The Manhattan Beach real estate market picked up slightly in August with 45 total home sales (Single Family Residence, Condominium, Townhouse), up from 40 in July but still below the high of 51 in May.

The Tree section led all areas with 19 sales at a median price of $1.55 followed by the Mira Costa area with 12 home sales at a median price of $1.45 million. Median sale prices continued to fluctuate across areas in August but the Hill section was still the most expensive area with a median sale price of $3.15 million in August, down slightly from July’s high of $3.4 million.

The Manhattan Beach real estate market cooled off slightly in July with only 40 home sales (Single Family Residence, Condominium, Townhouse), down from 47 in June.

The Manhattan Beach Sand section continued to lead all other areas in terms of total sales with 12. From January through July there have been 95 home sales in the Sand section. The Manhattan Beach Tree section has the second highest total with 68 sales for the year. At the opposite end of the spectrum the Village and the Heights have only seen 18 sales each for the year.