Manhattan Beach Properties Current Market Overview

Manhattan Beach Properties Current Market Overview:

Manhattan Beach has 77 active listings and 40 properties are in Escrow. There were 44 closed sales in November (No properties sold under 1 million and 31 over 2 million).  The average selling price in Manhattan Beach Properties was $2,965,000.  Manhattan Beach has 3.1 months of available inventory.  The highest priced home that sold this month was $8.53 million on the 32nd on the Strand in the Sand Section.The median sales price for Manhattan Beach, CA 90266 is $2,488,000 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.

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.