Manhattan Beach Home Prices 2000-2007 Part I





I've been compiling a lot of numbers in the last week on home prices in Manhattan Beach and the Beach Cities. Over the next two weeks I will be posting that information beginning with Manhattan Beach. The following information is based on the number of sales and the price per sqft for single family homes in Manhattan Beach from January 2000-December 2007.

Manhattan Beach: Home Prices January-June 2000-2007 ( click on graphs to enlarge)


Manhattan Beach: Home Prices July-December 2000-2007



One of the things I noticed is that the number of sales for 2005, 2006 and 2007 are fairly consistent from January-December with the exception of November 2007 when sales were half of previous sales in November for the last three years. The number of first quarter sales in 2007 was higher then in 2005 or 2006. The actual number of sales begins to move downward in the second quarter of 2007 with the largest decrease in May 2007 with 13 fewer sales but with the overall highest price per sqft of any month or year from 2000-2007. The third quarter of 2007 shows sales volume down from 2005 and 2006 but not as much as you might expect( with the exception of November) considering the overall financial problems and general housing market declines nationwide and in much of California.

Part II will be feature the Days on Market and Median Price for homes sold in Manhattan Beach from 2000-2007