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Local Real Estate Market Updates

Edge is your team of expert South Bay real estate brokers. We love to work with informed clients! Here’s the latest data from some of the markets where we work.

Manhattan Beach Sand Section | Q2 2022

Most indicators for the real estate market in the Sand Section remain positive and support a seller’s market. The median price is up 18% in one year, while the number of homes available has dropped. Buyers have to compete when a great home in the Sand Section hits the market.

Homes that sell these days sell faster than almost any time before, with 14 days on market (median), far less than average for the past 5 years.

The world-famous Strand has not been as busy this year, with just 4 closed sales so far. Two of four listings priced over $20M have quit. Six more Strand homes under contract by early July.

Typical buyers do face negative circumstances with higher interest rates, which limits affordability and could impact prices down the road. For now, data don’t show a downshift.

RECENT SALES IN Manhattan Beach Sand Section

1504 Highland Ave.

SpectUnique, landmark “A-frame” home very close to downtown. Ocean and pier views, plus lots of history.

Sold May 2022.

SOLD: $2.625M

301 Homer St.

Corner-lot, oversized newer townhome with ocean views. Quiet South End of town.

Sold June 2022.

SOLD: $4.200M

323 29th St.

New construction on a North End walkstreet. Three levels with ocean views.

Sold April 2022.

SOLD: $7.100M

Manhattan Beach Sand Section | Q1 2022

From the highest-end sales on The Strand down to cottages sold for land value, the Sand Section continues to impress. The area has the 2nd-highest median home price in Manhattan Beach at $3.565M, a 15% increase in only one full year.

As the Spring market takes shape, the Sand Section hosts about half the inventory of homes for sale in the city, including 6 homes on The Strand and several priced over $5 million.

Most buyers just can’t find homes easily, and are pursuing off-market deals where possible. Jumps in mortgage rates are adding to the challenges for buyers.

It’s a seller’s market in this popular seaside district, but nothing is easy or automatic. If you’re thinking of selling, consult EDGE for the best strategy to bring you top dollar.

RECENT SALES IN Manhattan Beach Sand Section

4320 The Strand

Spectacular 5-level custom build (2019) on a corner lot. Amazing details, spaces & views.

Sold March 2022.

SOLD: $10.755M

528 23rd St.

Custom remodeled cottage on a treasured street. 3 bedrooms and just under 1500 sqft.

Sold March 2022, off-market.

SOLD: $3.100M

532 4th St.

Two bedroom South End cottage in good condition, but sold for land value. Multiple offers.

Sold March 2022.

SOLD: $2.930M

Learn More About Manhattan Beach Sand Section

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Manhattan Beach Tree Section | Q2 2022

It’s rare to see the Tree Section’s median home price exceed that of the whole city of Manhattan Beach. The Tree Section median is now at $3.149M, about 1.2% higher than the citywide median. Prices also are up 12% year-over-year in the Trees.

We’re seeing these price trends amid fewer listings, and fewer sales. Buyers have to compete when a great family home in the Tree Section hits the market.

New construction homes of typical size are now trading in the $4-$5 million range, while larger homes with basements are hitting $6 million or more.

Buyers do face negative circumstances with higher interest rates, which limits affordability and could impact prices down the road. For now, data don’t show a downshift.

RECENT SALES IN Manhattan Beach Tree Section

763 29th St

Oversized, remodeled home on a great street, with large basement and outdoor living spaces. Edge represented Buyers.

Sold June 2022.

SOLD: $4.450M

668 35th St.

Corner-lot original home needing repairs/remodeling. Street-to-alley lot

Sold June 2022 near land value.

SOLD: $2.690M

2905 N. Poinsettia Ave.

Refreshed 2000-built Cape Cod with large, private, green yard. One of the absolute best streets.

Sold April 2022, 17% over asking.

SOLD: $4.461M

Manhattan Beach Tree Section | Q1 2022

As the Spring real estate market goes into high gear, the Tree Section is hitting record totals. The median price for Tree Section homes is very close to $3 million now, barely below the citywide median price.

The pace of sales in the Tree Section is somewhat faster than the city as a whole, with 22% more homes sold in the past 12 months, compared to 9% more year-over-year for the whole city.

Buyers just can’t find homes easily, with only 4 Tree Section homes on market as of March 31. Off-market deals are common. Jumps in mortgage rates are adding to the challenges for buyers.

It’s a seller’s market in this popular suburban district, but nothing is easy or automatic. If you’re thinking of selling, consult EDGE for the best strategy to bring you top dollar.

RECENT SALES IN Manhattan Beach Tree Section

1500 Walnut

Absolutely darling, fully remodeled original cottage.
Just 3br & ~1200 sqft. Bid up more than $200K.

Sold Feb. 2022.

SOLD: $2.600M

625 33rd St.

Original home sold for land value. Offers a 5400 sqft. street-to-alley lot in a good location.

Sold March 2022.

SOLD: $2.680M

3217 N. Valley

Small 1950s house on narrow lot of about 2500 sqft. Needed updates.

Sold March 2022.

SOLD: $1.550M

Learn More About Manhattan Beach Tree Section

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North Redondo Beach | Q2 2022

The Springtime real estate market in North Redondo began to
show signs of flattening out, after a couple of years of rapid price
increases and fast sales.


Inventory of homes for sale is up 31% over last year at this time.
This is quite different from trends in nearby beach cities, even
South Redondo, where inventory is much lower than last year.


Buyers face negative circumstances with higher interest rates,
which limits affordability and could impact prices down the road.
For now, data don’t show a downshift. If you’re looking to sell,
consult EDGE for the best strategy to sell quickly for top dollar.


Still, homes are selling fast. Those that do sell go in a median 8
days on market, one-third faster than the average for the
previous five years.

RECENT SALES IN North Redondo Beach

2206 Warfield Ave., Unit A

Newer (2018), modern 4 bedroom townhome.

Sold in May 2022, 48% higher than its July 2018 purchase price.

SOLD: $2.220M

3003 Johnston Ave.

Incredibly redone 2br house with separate 1br guest house. Large lot (8300+ sqft.), outdoor living spaces.

Sold April 2022.

SOLD: $2.287M

1923 Curtis Ave.

Upgraded bungalow with additions, pool & spa. Valuable 7500 sqft. R2 lot.

Sold in May 2022, 22% over asking.

SOLD: $1.825M

North Redondo Beach | Q1 2022

North Redondo accounts for more than half of all home sales in the city. With a median home price now of $1.297M, the area is actually up more year-over-year (17%) than the city as a whole.

While the most affordable North Redondo homes continue to rise in price, demand for new and newer townhomes (especially 2-on-a-lot units) continues to soar. Multiple offers are common.

Most buyers just can’t find homes easily, and are pursuing off-market deals where possible. Jumps in mortgage rates are adding to the challenges for buyers.

It’s a seller’s market, but nothing is easy or automatic. If you’re thinking of selling, consult EDGE for the best strategy to bring you top dollar.

RECENT SALES IN North Redondo Beach

2016 Perry Ave. #A

New construction townhome with 4 bedrooms and ~2500 sqft.

Presold in Jan. 2022, with no marketing. Unit #B same price.

SOLD: $1.800

524 Cluster Ln.

Tidy 1950s cottage with 3 bedrooms and ~1200 sqft., large yard. Will be remodeled. Overbid by $231K.

Sold March 2022.

SOLD: $1.430M

2213 Speyer Ln. #B

Newer (2018) large, rear unit townhome with yard. 4 beds & 2544 sqft.

Sold $405K over asking in March 2022.

SOLD: $2.300M

Learn More About North Redondo Beach

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