Property Shark, the real estate research and news company, recently reported that home prices in LA County have increased for 5 straight years at an average annual rate of 11% and are now 69% more expensive than 5 years ago on a price per square foot (PPSF) basis.
In fact, here's a table with the median sale price and PPSF data for LA County, 2012-2017.
The real shocker, however, is where Manhattan Beach fits in. According to Property Shark, Manhattan Beach has the most expensive median price per square foot in the county at $943/square foot, edging out Malibu at $933/sqft and Beverly Hills at $839/sqft (if you're wondering, Lancaster has the cheapest PPSF at $135).
Also in the upper echelons in terms of median PPSF was Hermosa Beach ($787, #5), El Segundo ($629, #9) and Redondo Beach ($548, #15).
Of course, if you're just looking at the segment of larger homes with 4 or more bedrooms, Beverly Hills tops the list (they seem to specialize in the mega-mansion niche) at a whopping $1,274 PPSF but, still, Manhattan Beach's performance in the overall market is impressive.