COVID-19 has drastically changed everything, especially our economy. Let’s take a look at what the current market conditions this quarter has for us, as well as a bit of future peek to what lies ahead.

The sunny sections of Eastside, Sand and Tree as well as other vicinities enjoy a $2.7 million median price per home, at $1,000+ per square foot. It has gone up 11% with a forecast growth of 0.9% coming 2021.

Source: https://www.zillow.com/manhattan-beach-ca/home-values/

It currently enjoys having the highest luxury values across its neighboring cities on both homes and rentals.  Over the course of the last five years, we have seen a consistent rise of buyers. The comfort, the coastline and the calm keep drawing people permanently to settle, if not rent for holidays.

Source: https://www.zillow.com/manhattan-beach-ca/home-values/

The community also has a richly diverse culture and vast recreational options in the area, adding to the nostalgic appeal – turned modern from the influx of new homeowners.

Overall, the Manhattan Beach area continues to see an upward trend from this year to 2021. The value below summarizes all types of properties, having the Single Family listings on a median of $3.4 million while Condos & Townhouses follow closely around $2.7 million.

Source: https://www.movoto.com/manhattan-beach-ca/market-trends/