Manhattan Beach Sand Section Jan 2007 Update

The Sand Section of Manhattan Beach saw a decrease in the price per square foot of properties sold in January 2007 compared to a year ago. In January 2007, the Sand Section posted six sales of single family homes ranging in price from $1,100,000 for a 974 square foot home on the busy street of Highland, to $3,650,000 for a 4,160 square foot home on 26^th Street. The average price per square foot for these sales was $1,002, a 14.3% decrease over January 2006 which posted a $1,169 average price to per square foot.

The average days on market was also significantly higher in the Sand Section for January 2007.  In 2006, the average days on the market for the seven sales of single family homes was 41 days, compared to 71 days on the market in January 2007, a 73% increase.

These numbers seem to be in-line with the overall dip in median price for entire the Manhattan Beach area. DataQuick Information Systems recently reported the January 2007 median price in the Manhattan Beach zip code 90266 had fallen 11.6% to $1,308,000 over January 2006.  

The Sand Section of Manhattan Beach begins at 45^th Street and Roscrans to the north, 1^st Street to the south, and west of Bell Avenue and Ardmore to the Pacific Ocean. Sand section lots tend to be smaller than other areas of Manhattan Beach and include homes built right on The Strand and desirable Walk Streets. There are currently 20 active home listings for sale on the Greater South Bay MLS, including a Strand listing for $11,600,000. To see all the available listing in the Manhattan Beach Sand section, check out http://www.tonyrealtor.com/