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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 | 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

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

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

1900 Lynngrove

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