Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 130 active listings and 62 properties are in Escrow. There were 23 closed sales in October (No properties sold under 1 million and 12 over 2 million).  The average selling price in Manhattan Beach Properties was $2,664,000.  Manhattan Beach has 4.3 months of available inventory.  The highest priced home that sold this month was $6.65 million on Ardmore in the Tree Section.The median sales price for Manhattan Beach, CA 90266 is $2,129,000 with the market action index hovering around 33. This is about the same as last month’s Market Action Index (MAI) of 33.

Slight Seller’s Advantage- The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

The Manhattan Beach Market

Average Sales Price
$2,664,000
Per Square Foot
$1,063
Days on Market
67
Price Decreased
46%
Price Increased
3%
Relisted
13%
Inventory
130
Median House Rent
$7,500
Most Expensive $25,900,000
Least Expensive $1,060,000
Market Action Index
Slight Seller’s Advantage
33

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