Manhattan Beach Properties
A third area in Manhattan Beach Properties, El Nino
, also had increases in both median price and number of sales, but not a significant amount. Closed sales went from seven to 11, while the median price went up one percent to $555,000. The lowest priced sale for the quarter was for $486,000 for a two bedroom townhome on Meyer Lane. On the other hand, the most expensive sale was just over $1 million for a five bedroom single family home with 3,500 sq. ft. on Ives Lane.The priciest area on the north side of town is Golden Hills, with a recent median sales price of $726,000. This is up solidly from $648,000 last year. Sales rose modestly from 12 to 15 homes of all types. The cost of entry to buy in here for the quarter was $571,000 for a single family home with less than 800 sq. ft. on Ford Ave. A four bedroom home on Stanford Ave. with 2,300 sq. ft. came in at $838,000, making it the most expensive priced sale for the last few months.
In general, prices rise when moving to the south part of Redondo Beach. For the area North of Torrance Blvd., sales rose from 17 during the first quarter of last year to 24 this year. Median prices went up a few percent to $717,000. The lowest priced sale was from a one bedroom single family home with about 500 sq. ft. of living space on Guadalupe. This home brought $378,000. A brand new four bedroom home on Irena with 2,700 sq. ft. of living space came in at $1 million for the most expensive sale.
The area South of Torrance Blvd. did not see a change in the number of sales from last year. Both quarters had 17 sales of all home types, but the change in median price was the greatest increase for all parts of Manhattan Beach Properties. Last year the median price came in at $630,000, but this grew by 19 percent going into this year. At $750,000, this area has the second highest median price for home sales. The lowest sale came from a small 669 sq. ft. condo on Prospect with a final price of $302,000. The highest price sale was on Helberta for a 3,600 sq. ft., four bedroom home. The price at close of escrow was $1.925 million.
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