2012 Vs. 2013: Luxury Manhattan Beach Homes Sold Over $3,000,000

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Manhattan Beach Luxury Real Estate

2012 Vs. 2013: Luxury Manhattan Beach Homes Sold Over $3,000,000 



Manhattan Beach Real Estate reports on the key market data indicators for luxury Manhattan homes for sale closed in the year of 2012 versus luxury Manhattan homes sold in the year of 2013.


Manhattan Beach Real Estate pulled all data regarding the number of closed luxury Manhattan Beach houses for sale, average days on the market (DOM) and the median price achieved for the luxury Manhattan Beach homes for sale in the two different time periods with data pulled from the Multiple Listing Service (MLS).


Number of luxury Manhattan Beach homes for sale closed over $3,000,000 in 2012: 36

Number of luxury Manhattan Beach homes for sale closed over $3,000,000 in 2013: 34


These statistics represent a decrease of 6% in the number of luxury Manhattan Beach homes sold over $3,000,000 in 2013 versus the number of luxury Manhattan Beach homes sold over $3,000,000 in 2012. This also represents a decrease in demand of luxury houses in the Manhattan Beach area during 2013, compared to that of 2012. 


Average Days on the Market (DOM) for a luxury Manhattan Beach home sold over $3,000,000 in the year of 2012: 89 Days on the Market.

Average Days on the Market (DOM) for a luxury Manhattan Beach home sold over $3,000,000 in the year of 2013: 107 Days on the Market.


This represents a statistical increase of 20% in the number of days it took for a luxury Manhattan Beach home sale over $3,000,000 to close in the year of 2012, versus those that closed in the year of 2013. These statistics also represent a decrease in demand for a luxury Manhattan Beach home in 2013, as compared to the demand in 2012. 


Median price for a luxury Manhattan home sold over $3,000,000 in the year of 2012: $4,000,000

Median price for a Manhattan home sold over $3,000,000 in the year of 2013: $3,860,000

In comparison to the year of 2012, 2013 had a slightly lower median selling price with a decrease of 3.6% for a luxury Manhattan Beach home sold over $3,000,000. This represents a slight decline in the demand for a more expensive luxury home in Manhattan Beach to be bought, with homes being sold at a little bit less in price in 2013, as compared to 2012. 


Currently, there are 4 luxury homes in Manhattan Beach actively for sale with a listing price over $3,000,000.


All the market data pulled from the MLS researched by Manhattan Beach Real Estate shows a slight decrease in the demand in the luxury Manhattan Beach real estate market, in combination with a limited supply. The luxury Manhattan Beach real estate market took longer to close a home sale in 2013, as compared to 2012, representing slightly less demand for a home over $3,000,000 in Manhattan Beach during the year of 2013. 


For questions about buying or selling a luxury Manhattan Beach home, please contact the broker of Manhattan Beach Real Estate, Mitch Hagerman at 310-963-4358 and visit our website at www.ManhattanBeachRealEstate.com Manhattan Beach Real Estate reports on the key market data indicators for luxury Manhattan Beach homes for sale closed in the year of 2012 versus luxury Manhattan Beach homes sold in the year of 2013.  


Best Regards,

Mitch Hagerman
Associate Broker
DRE#01897348


posted: February 6, 2014 - Manhattan Beach Real Estate - Blog
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