Manhattan Beach median home prices continued to climb and spiked 17% in 2014, hitting an all time high for median home prices.
Median home prices in 2013 were at $1,628,250, up from $1,414,750 in 2012.
That number increased to $1.9 million in 2014. Experts all point to the same direction when they are asked about the cause and that is the high quality school system. According to the experts, the school system has put Manhattan Beach real estate on the map and people have found out about this secret.
Well to do families are flocking to Manhattan Beach, mainly from elsewhere in the region, because they are unhappy with other school districts according to many real estate experts and professionals in the city.
According to Manhattan Beach Unified School District Superintendent Michael Matthews, says the common theme was that they moved to Manhattan Beach primarily for the excellent school system. He also stated that last year the Manhattan Beach Unified School District ranked third in the state for highest test scores.