Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 102 active listings and 68 properties are in Escrow. There were 45 closed sales in May (Two properties sold under 1 million and 28 over  2 million). Last month, on the avg. home buyers were able to negotiate a 6% discount for their homes. The average selling price in Manhattan Beach Properties was $2,971,000.  Manhattan Beach has 1.8 months of available inventory.  The average price per sq/ft. was $1105 in May.

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.

Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago TODAY STATS
May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 – 6/11/2017 5/1/2017 – 5/11/2017 % Change
Avg. Sq. Ft. Price (Sold) 1105 932 18.6% 1105 1114 0.8% 1044.7 1045.27 0.1% 1147 903 27%
Date 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17
For Sale 100 101 114 126 127 111 105 94 80 73 76 107 105 107 102
New Listing 71 58 63 67 54 53 60 49 34 24 41 55 67 53 60
Sold 34 31 44 40 31 39 38 41 33 24 23 16 34 48 45
Pended 45 33 41 35 42 32 47 30 24 13 33 28 55 48 58
Months of Inventory (Closed Sales) 2.9 3.3 2.6 3.2 4.1 2.8 2.8 2.3 2.4 3 3.3 6.7 3.1 2.2 2.3
Months of Inventory (Pended Sales) 2.2 3.1 2.8 3.6 3 3.5 2.2 3.1 3.3 5.6 2.3 3.8 1.9 2.2 1.8
Absorption Rate (Closed Sales) % 34 30.7 38.6 31.7 24.4 35.1 36.2 43.6 41.3 32.9 30.3 15 32.4 44.9 44.1
Absorption Rate (Pended Sales) % 45 32.7 36 27.8 33.1 28.8 44.8 31.9 30 17.8 43.4 26.2 52.4 44.9 56.9
Avg. Active Price 4603 4644 4258 3964 3767 4269 4434 4555 4825 4838 5204 4646 4860 4736 4977
Avg. Sold Price 2657 2370 2785 2095 2729 2180 2277 2522 2225 1990 2901 1901 3539 2346 2971
Avg. Sq. Ft. Price (Sold) 1045 948 1114 919 946 975 868 1007 855 836 1205 1040 1124 932 1105
Sold/List Diff. % 99 100 96 99 98 98 98 98 97 97 95 97 97 99 96
Sold/Orig LP Diff. % 97 98 95 96 97 94 96 95 94 94 92 96 98 98 94
Days on Market 65 41 47 46 62 70 61 42 45 36 50 47 64 49 46
Median 2481 2200 2189 1962 2255 1830 2200 2250 1900 1788 2475 1548 2695 1963 2199
Table Information
* All reports are published June 2017, based on data available at the end of May 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.