Our office took an average of cost per square foot for new construction and resales of single family homes sold between October 2015 and May 2016 here in the Beach Cities. You will find this eye opening to say the least.
Price Per Square Foot – Properties Sold
October 2015 – Present
Manhattan Beach
- New Construction: 15 $949 avg. per sq. ft.
- All Resales: 128 $1009 avg. per sq. ft.
Hermosa Beach
- New Construction: 11 $1013 avg. per sq. ft.
- All Resales: 63 $1078 avg. per sq. ft.
Redondo Beach
- New Construction: 10 $605 avg. per sq. ft.
- All Resales: 173 $1089 avg. per sq. ft.
Palos Verdes Estates
- New Construction: 2 $1121 avg. per sq. ft.
- All Resales: 94 $690 avg. per sq. ft.
Active Single Family Residences
New Construction Price Per Square Foot
October 2015 – Present
- Manhattan Beach: 21 $1195 avg. per sq. ft.
- Hermosa Beach: 2 $775 avg. per sq. ft.
- Redondo Beach: 2 $700 avg. per sq. ft.
- PVE : 3 $820 avg. per sq. ft.
Source: MLS