Manhattan Beach Real Estate Market Snapshot – May 2014

By Keith Kyle

Manhattan Beach real estate….by the numbers

May marks the 5th straight month with an increase in available homes for sale in Manhattan Beach with 65 current MLS listings as of May 5th, 2014.  See information below on the current market trends including current MLS listings, recent sales, pending home sales and home prices in this luxury coastal community in Southern California.

Active Homes for Sale:  Current Median Home Price $2,050,000

Active Homes for Sale – 65 homes
List Price DOM BR BA Year Built SqFt Lot SqFt
Min 557,000 3 2 1.00 1921 812 1,350
Max 7,999,900 370 7 7.00 2014 10,001 15,001
Avg 2,618,445 37 4 3.80 1984 2,990 5,227

Pending and Backup

Homes Currently in Escrow with Pending or Backup Status – 48 Homes
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 905,000 1 1.00 1935 765 1,351
Max 12,875,000 355 6 7.00 2014 7,900 13,506
Avg 2,167,730 49 4 3.44 1980 2,799 5,025

Closed Home Sales in Past 30 Days (April 5th to May 4th)

47 Homes Sold/Closed Escrow 4/5 – 5/4
Single Family Residence – 44 total SFRs sold
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 990,000 950,000 1 1.00 1925 699 1,286
Max 8,950,000 204 8,100,000 6 10.00 2014 8,500 14,368
Avg 2,235,316 38 2,166,045 4 3.20 1972 2,653 4,993
 Townhomes and Condos – 3 Total Sales
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 1,299,000 8 1,450,000 2 3.00 1982 1,608 2,698
Max 2,299,000 33 2,100,000 3 4.00 2007 2,050 3,359
Avg 1,692,333 18 1,701,667 3 3.33 1992 1,878 2,921
All Home Sales – 47 Sold Homes
List Price ADOM Selling Price BR BA Year Built SqFt Lot SqFt
Min 990,000 950,000 1 1.00 1925 699 1,286
Max 8,950,000 204 8,100,000 6 10.00 2014 8,500 14,368
Avg 2,200,657 37 2,136,404 3 3.21 1974 2,604 4,860

Home Inventory On the Rise in Manhattan Beach

By Keith Kyle

We may be finally seeing some relief from record low inventory in the luxury market of Manhattan Beach CA.  Other than the peak summer months of 2013 we have seen record and near record lows for active homes for sale. As of May 5th there are currently 65 properties for sale in this coastal community which is a dramatic improvement over the record low 25 homes for sale in December. Although we’ve now seen 4 straight months of increases in the available homes on the market, inventory is still nowhere near recent year highs which saw over 300 homes for sale in 2009.  Due to the duration of this low inventory, pent up demand has driven prices to peak levels and in some premier locations well beyond peak prices prior to the bubble years.

  1. 3 beds, 4 baths
    Home size: 3,213 sq ft
    Lot size: 20,473 sqft
    Year built: 1956
    Days on market: 2
  2. 5 beds, 6 baths
    Home size: 4,261 sq ft
    Lot size: 2,613 sqft
    Year built: 2017
    Days on market: 4
  3. 5 beds, 5 baths
    Home size: 3,118 sq ft
    Lot size: 2,613 sqft
    Year built: 1992
    Days on market: 6
  4. 3 beds, 2 baths
    Home size: 1,278 sq ft
    Lot size: 3,920 sqft
    Year built: 1965
    Days on market: 6
  5. 4 beds, 3 baths
    Home size: 2,782 sq ft
    Lot size: 5,227 sqft
    Year built: 1957
    Days on market: 6
  6. 3 beds, 2 baths
    Home size: 1,142 sq ft
    Lot size: 7,405 sqft
    Year built: 1952
    Days on market: 7
  7. 4 beds, 4 baths
    Home size: 3,842 sq ft
    Lot size: 4,791 sqft
    Year built: 1999
    Days on market: 7
  8. 5 beds, 4 baths
    Home size: 3,529 sq ft
    Lot size: 7,405 sqft
    Year built: 1991
    Days on market: 7
  9. 5 beds, 7 baths
    Home size: 4,637 sq ft
    Lot size: 4,791 sqft
    Year built: 2017
    Days on market: 7
  10. 3 beds, 3 baths
    Home size: 2,177 sq ft
    Lot size: 4,356 sqft
    Year built: 1947
    Days on market: 8

See all Real estate in the city of Manhattan Beach.
(all data current as of 9/19/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.