It has been some time since I sold my home on the Manhattan Beach strand, but the memories from this fantastic experience carry on brilliantly. There are probably 270 or so strand homes here and over the past ten years, at least 45 of them have had a change in ownership. This is a turnover rate that is consistent with the rest of Manhattan Beach, especially over the last few years.

The highest price paid over this past decade for a home here was $10,700,000 back in 2007. It is the only home to have sold for over $10,000,000 on the strand house in Manhattan Beach that I am aware of. Time and time again we hear how about much more difficult it is to secure financing for real estate and certainly for the super luxury homes. It is with this backdrop in mind that I find it interesting that, given this environment, there are two homes currently on the market here for over $12,500,000.

Back in 2000, the least expensive home on the Manhattan Beach strand sold for $2,400,000. The range in price for the five sales that year was tight, with the most expensive sale coming in at $3,900,000. With the exception of 2001 when a home sold for about $1,800,000, the lowest sales prices until 2005 were always under $2,900,000. In that year it jumped to $3,300,000, but dropped a little before hitting $5,500,000 in 2007. The lowest sales price on the strand here in the last few years was $4,700,000 last year.

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