Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 76 active listings and 35 properties are in Escrow. There were 23 closed sales in January (Zero properties sold under 1 million and 15 over  2 million). Last month, on the avg. home buyers were able to negotiate a 8% discount for their homes. The average selling price in Manhattan Beach Properties was $2,901,000.  Manhattan Beach has 2.3 months of available inventory. We had a slight increase in inventory but buyers were able to negotiate a deal since many properties were on the market for a little while longer than normal, avg. days on the market is now 50 days. What will happen to the real estate market if/when the interest rates rise?

We are very excited to share with you such great information about Manhattan Beach Properties current market overview. The data below allows you to analyze the information so buyers and sellers can make sound real estate decisions.

Date 11/15 12/15 1/16 2/16 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17
For Sale 65 52 65 77 100 101 114 126 127 111 105 94 80 73 76
New Listing 26 13 35 60 71 58 63 67 54 53 60 49 34 23 38
Sold 22 27 15 21 34 31 44 40 31 39 38 41 33 24 23
Pended 23 16 20 37 46 33 41 35 42 32 47 30 24 14 33
Months of Inventory (Closed Sales) 3 1.9 4.3 3.7 2.9 3.3 2.6 3.2 4.1 2.8 2.8 2.3 2.4 3 3.3
Months of Inventory (Pended Sales) 2.8 3.3 3.3 2.1 2.2 3.1 2.8 3.6 3 3.5 2.2 3.1 3.3 5.2 2.3
Absorption Rate (Closed Sales) % 33.8 51.9 23.1 27.3 34 30.7 38.6 31.7 24.4 35.1 36.2 43.6 41.3 32.9 30.3
Absorption Rate (Pended Sales) % 35.4 30.8 30.8 48.1 46 32.7 36 27.8 33.1 28.8 44.8 31.9 30 19.2 43.4
Avg. Active Price 4639 4748 4903 4939 4603 4644 4258 3964 3767 4269 4434 4555 4825 4838 5204
Avg. Sold Price 2277 2802 2115 2658 2657 2370 2785 2095 2729 2180 2277 2522 2225 1990 2901
Avg. Sq. Ft. Price (Sold) 908 1081 854 1057 1045 948 1114 919 946 975 868 1007 855 836 1205
Sold/List Diff. % 99 95 98 98 99 100 96 99 98 98 98 98 97 97 95
Sold/Orig LP Diff. % 96 93 94 97 97 98 95 96 97 94 96 95 94 94 92
Days on Market 60 68 78 68 65 41 47 46 62 70 61 42 45 36 50
Median 2263 2218 1770 1850 2481 2200 2189 1962 2255 1830 2200 2250 1900 1788 2475
Table Information
* All reports are published February 2017, based on data available at the end of January 2017, except for the today stats. All reports presented are based on data supplied by the CARETS. Neither the Association nor its MLS guarantees or is in anyway responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.