Results for December put a cap on what was a very tough year for home sellers in Manhattan Beach. According to the South Bay Association of Realtor there were only 14 home sales (single family homes, condos/townhomes, and residential income) for the month of December the exact same number of homes sold in January.
Despite the overall tough market December did show some signs of life. The average price of a sold home actually increased .6% from the start of the year. More telling the percentage of sale price to original list price increased from 91% in January to 96% in December. For the complete Manhattan Beach market analyis go to Manhattan Beach Real Estate Market Recap for 2008.
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