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Manhattan Beach Real Estate

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Housing Inventory Remains Low in the Sand Section

November 5, 2014 by Keith Kyle

Despite a one month uptick in new listings in the sand section of Manhattan Beach, it appears that there’s no real relief in sight as record low inventory continues.  There were 64 homes for sale in September of 2011 and as of 11/5/14 there are only 17 current active MLS listings.  To a certain extent that lack of inventory for the past 2 straight years has seen home prices rise dramatically.  The average sold home price in September 2011 was $1.736M and the average sales price just 2 years later was $2.864M…..a 65% increase.

Filed Under: Communities, Home Prices, Manhattan Beach, Market Updates, Sand Section Tagged With: home prices, housing market, luxury homes, Manhattan Beach, real estate, sand section

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