Inventory Down and Prices Up In East Manhattan Beach

By Keith KyleManhattan Beach Homes

The real estate market in Manhattan Beach continues to be dictated by record low inventory and there doesn’t seem to be any indication that will change in the near future. Historically inventory picks up mid to late January after the Superbowl when potential home buyers restart their searches and homeowners hope to take advantage of the increase in buyers. With the demand for homes in Manhattan Beach never waning, even through the traditional slowdown of the holidays, there’s been no reason for sellers to wait to list their homes…and no indication we’ll see any dramatic increase anytime soon. The chart below shows the combined areas that make up East Manhattan Beach with the light green line indicating active listings, the red bar pending home sales, and the dark green representing closed sales.

East Manhattan Real Estate Trends