The number of home sales in Manhattan Beach was really starting to increase during the first few months of 2020. The red line below shows pending sales and it’s hard not to notice the decline into December and then the sharp turnaround in 2020. It’s hard to imagine that the impacts of Corona virus won’t temper that considerably but only time will tell home much of an impact it will actually have. The chart below offers a snapshot of the Manhattan Beach real estate market over the past 15 months. The light green bar shows active listings, the dark green is sold homes per month and the red line is the pending home sales. View all of the recent Manhattan Beach real estate trends and statistics.
Even in a hot “sellers” market there are some homes that just exceed the norm. The recent sale at 822 6th Street shows that when somethng is priced well, it’s most definitely not a slow market. 822 6th Street in the hill section of Manhattan Beach was listed for $2,999,000 and sold for $3,575,000. The home itself was going to be a challenge for many buyers with a mid-century design and a layout that wouldn’t accomodate many of today’s buyers without some major changes but that didn’t slow the process down. From our understanding there were at least 7 offers, many all cash, and it sold for almost $600,000 over the initial list price.
822 6th Street Manhattan Beach
November was a busy month for real estate in Manhattan Beach with 42 total on market home sales. The median list price was $2,799,000
with the median sales price of $2,500,000. That discrepancy is much larger than in previous months and is an indicator that the market may be slowing a bit and starting to favor buyers too a limted extent. The highest priced sale of the month was $8,525,000 for a land value sale at 3212 The Strand which was a beachfront home originally priced at $8,999,000. The lowest priced sale of the month was $1,220,000 for a 2012 built townhome on Matthews in East Manhattan.
November 2019 Home Sales in Manhattan Beach
|MLS||Type||Address||Price||$ per Foot||Bed/Bath||Sq Feet||Year||Sold Date|
|SB19143125||TWNHS/A||3505||Crest DR #B||$1,700,000||$952||3/2,0,1,0||1785/A||1985/ASR||11/25/2019|
|SB19212452||TWNHS/A||1461||12th ST #B||$1,325,000||$760||3/3,0,0,0||1743/A||2003/ASR||11/21/2019|
Keep current with the real estate market in Manhattan Beach. The charts below will help you better understand just what’s happening in the market and whether it might be a good time to buy a home or sell your Manhattan Beach home. See the information to see how many homes are on the market and selling compared with past months, how close sales prices are to list prices, the average days on market and more. As of 11/21/19 – October 2019 is a neutral market
Home For Sale in October 2019: 101 units.
|•||Down 22.9% compared to last month|
|•||Down 4.7% compared to last year|
Home Closed in October 2019: 23 units.
|•||Up 4.5% compared to last month|
|•||Down 32.4% compared to last year|
Home Placed under Contract in October 2019: 51 units.
|•||Up 88.9% compared to last month|
|•||Up 75.9% compared to last year|
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
Current number of homes for sale as well as pending home sales and recent sales
About the For Sale vs. Sold Report
- For Sale numbers are the snapshot of the number of property for sale at the end of the month.
- Pended numbers represent the number of properties that went into the “pending” status for that month.
- New Listing numbers represent the number of properties that are new listed for that month.
- Sold numbers represent the number of properties that are sold for that month.
What Does For Sale vs. Sold Report Do?
- It helps determine the trend of market supply and demand.
- It helps determine whether the current market is a seller or buyer market.
- It helps determine the minimum length of the listing period.
- It helps identify which price range the majority of the properties are in, within a given area.
- It helps focus on where the buyer’s activities are and the market condition in those areas.
How to Use For Sale vs. Sold Report?
- Use with Average Price Per Sqft Report to set competitive listing price.
- Use current inventory level to determine market condition. The current inventory level is derived by dividing the monthly listing number by the monthly sold number which is shown in Months of Inventory graph. As a rule of thumb, an inventory level of less than three indicates a strong seller market while an inventory level greater than six indicates a buyer’s market.
- A download trend of listing inventory and an upward trend of the number of properties sold indicates the seller is in a better negotiating position.
- An upward trend of listing inventory and a downward trend of the number of properties sold indicates the buyer is in a better negotiating position.
You Should Know
- The properties sold figures are derived from recorded transactions.
- Current monthly sold figures might be adjusted upward on the next month’s report. This is to account for any closed transactions that are reported late.
Average Price Per Square Foot in Manhattan Beach
Days on Market (columns) and % of list price homes sold at
Average Home Price For Sale V Sold
Months of Inventory
If you somehow missed the news, there was a bit of controversy between neighbors in the sand section of Manhattan Beach. The owner of 216 39th Street was using the duplex for short term rentals (Air BnB type) which is a no no in Manhattan Beach and it wasn’t too popular with the neighbors. The neighbors complained and the city fined the owner. That wasn’t the end of it though and the owner then decided to paint the house pink with giant emojis on the side. Depending on whose story you believe the neighbors claim that it was done in retaliation for ratting her out to the city. She claims it just looks cool and funky. It’s created quite a stir and the neighbors now want it removed saying it’s causing safety issues in the neighborhood and causing travffic as it has become quite the place to snap a photo.
Now to add a little bit more to the drama, the duplex is for sale. Was this just a marketing ploy to get attention? Who knows but if you’re looking to buy the emoji house, or maybe just a beach close duplex….here’s the basics.
216 39th Street, Manhattan Beach CA
We're sorry, but we couldn't find MLS # SB19195483 in our database. This property may be a new listing or possibly taken off the market. Please check back again.
It’s been a while since we’ve seen multiple months of rising home inventory in Manhattan Beach but it seems to be heading in the right direction. Near all time lows in December, the number of new listings cotinues to slowly increase. The Manhattan Beach sand section saw the biggest jump in new listings. As of 3/23/18 there are 49 active homes for sale in the sand section, up from 27 in December, 20 active listings in the tree section up from 16 in December and 12 homes for sale in East Manhattan Beach up from 8 in December. This level of inventory is still well below the norm, but is trending in the right direction.