Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 115 active listings and 44 properties are in Escrow. There were 33 closed sales in August (One property sold under 1 million and 21 over  2 million). Last month, on the avg. home buyers negotiated a 7% discount for their homes. The average selling price in Manhattan Beach Properties was $3,304,000.  Manhattan Beach has 3.5 months of available inventory.  The highest priced home that sold this month was $20 million on Pacific street. The average price per sq/ft. was $1202 in August.

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
Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 – 9/5/2017 8/1/2017 – 8/5/2017 % Change
Avg. Sq. Ft. Price (Sold) 1202 975 23.3% 1202 975 23.3% 1060.6 946.46 12.1% 1320 1536 -14.1%
Date 6/16 7/16 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
For Sale 126 127 111 105 94 80 73 76 107 105 107 102 111 115 115
New Listing 67 54 53 60 49 34 24 41 55 67 53 62 68 55 44
Sold 40 31 39 38 41 33 24 23 16 34 48 47 59 41 33
Pended 35 42 32 47 30 24 13 33 28 55 48 53 45 36 31
Months of Inventory (Closed Sales) 3.2 4.1 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
Months of Inventory (Pended Sales) 3.6 3 3.5 2.2 3.1 3.3 5.6 2.3 3.8 1.9 2.2 1.9 2.5 3.2 3.7
Absorption Rate (Closed Sales) % 31.7 24.4 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
Absorption Rate (Pended Sales) % 27.8 33.1 28.8 44.8 31.9 30 17.8 43.4 26.2 52.4 44.9 52 40.5 31.3 27
Avg. Active Price 3964 3767 4269 4434 4555 4825 4838 5204 4646 4860 4736 4977 4630 4510 4353
Avg. Sold Price 2095 2729 2180 2277 2522 2225 1990 2901 1901 3539 2346 2903 3104 2622 3304
Avg. Sq. Ft. Price (Sold) 919 946 975 868 1007 855 836 1205 1040 1124 932 1106 1041 975 1202
Sold/List Diff. % 99 98 98 98 98 97 97 95 97 97 99 96 102 99 96
Sold/Orig LP Diff. % 96 97 94 96 95 94 94 92 96 98 98 94 101 98 93
Days on Market 46 62 70 61 42 45 36 50 47 64 49 45 25 33 39
Median 1962 2255 1830 2200 2250 1900 1788 2475 1548 2695 1963 2150 2600 2425 2265
Table Information
* All reports are published September 2017, based on data available at the end of August 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.