Multichannel Analysis of Surface Waves (MASW) is seismic exploration method to evaluate shear wave velocity profiles of near-surface soil materials based on analysis of horizontally travelling Rayleigh waves. The MASW method has been applied at four loose sandy sites in South Iceland providing shear wave velocity (VS) profiles for the uppermost 25 m at each site. The VS-profile obtained for one of the test sites was compared to empirical profiles estimated on the bases of CPT measurements carried out at the site. The results indicate that the MASW profile corresponds adequately well to the empirical estimations, strengthening the results obtained by MASW. However, further comparison of MASW and CPT data is needed in order to evaluate the overall applicability of existing CPT-VS correlations at Icelandic sand sites.