Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 93 active listings and 48 properties are in Escrow. There were 33 closed sales in October (Zero property sold under 1 million and 19 over  2 million). Last month, on the avg. home buyers negotiated a 11% discount for their homes. The average selling price in Manhattan Beach Properties was $3,292,000.  Manhattan Beach has 3.6 months of available inventory.  The highest priced home that sold this month was $11.3 million on 19th and The Strand. The average price per sq/ft. was $1105 in October.

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
Oct. 17 Sep. 17 % Change Oct. 17 Oct. 16 % Change Aug. 17 to Oct. 17 Aug. 16 to Oct. 16 % Change 11/1/2017 – 11/7/2017 10/1/2017 – 10/7/2017 % Change
Avg. Sq. Ft. Price (Sold) 1105 1290 -14.3% 1105 1007 9.7% 1206.15 951.66 26.7% 1121 953 17.6%
Data Table
Date 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/17
For Sale 111 105 94 80 73 76 107 105 107 102 111 115 115 123 93
New Listing 53 60 49 34 24 41 55 67 53 62 68 55 46 46 28
Sold 39 38 41 33 24 23 16 34 48 47 59 41 33 33 26
Pended 32 47 30 24 13 33 28 55 48 53 45 34 24 27 40
Months of Inventory (Closed Sales) 2.8 2.8 2.3 2.4 3 3.3 6.7 3.1 2.2 2.2 1.9 2.8 3.5 3.7 3.6
Months of Inventory (Pended Sales) 3.5 2.2 3.1 3.3 5.6 2.3 3.8 1.9 2.2 1.9 2.5 3.4 4.8 4.6 2.3
Absorption Rate (Closed Sales) % 35.1 36.2 43.6 41.3 32.9 30.3 15 32.4 44.9 46.1 53.2 35.7 28.7 26.8 28
Absorption Rate (Pended Sales) % 28.8 44.8 31.9 30 17.8 43.4 26.2 52.4 44.9 52 40.5 29.6 20.9 22 43
Avg. Active Price 4269 4434 4555 4825 4838 5204 4646 4860 4736 4977 4630 4510 4353 4055 4189
Avg. Sold Price 2180 2277 2522 2225 1990 2901 1901 3539 2346 2903 3104 2622 3304 2938 3292
Avg. Sq. Ft. Price (Sold) 975 868 1007 855 836 1205 1040 1124 932 1106 1041 975 1202 1290 1105
Sold/List Diff. % 98 98 98 97 97 95 97 97 99 96 102 99 96 97 96
Sold/Orig LP Diff. % 94 96 95 94 94 92 96 98 98 94 101 98 93 93 89
Days on Market 70 61 42 45 36 50 47 64 49 45 25 33 39 43 75
Median 1830 2200 2250 1900 1788 2475 1548 2695 1963 2150 2600 2425 2265 2050 3188
Table Information
* All reports are published November 2017, based on data available at the end of October 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.