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.
And Then There Were 50 – Housing Inventory Slowly Rising in Manhattan Beach
By Keith Kyle
Although many listings are still selling the moment they hit the market, often over asking with multiple offers, the good news for buyers is that inventory is slowly creeping upward. As of March 12th there are 52 homes for sale in Manhattan Beach. While that’s 25% of the high point a few years back, it’s still twice the number of homes for sale just 45 days ago. Currently the least expensive home in Manhattan Beach is listed at $895,000 for a court home in Manhattan Village. The most expensive home currently on the market is and oceanfront home on The Strand listed for just under $14,000,000. The average listing price in Manhattan Beach is currently $3,573,000.
| SB15003321 | SFR/D | 225 | 36th ST | $ 1,549,000.00 | 1/1,0,0,0 | 1933/ASR | 728/A |
| SB15043119 | SFR/D | 212 | 40th ST | $ 1,995,000.00 | 3/2,0,0,0 | 1929/ASR | 1518/A |
| SB15041122 | TWNHS/D | 3105 | Vista DR | $ ,300,000.00 | 3/3,0,1,0 | 2003/ASR | 2406/A |
| SB15037432 | SFR/D | 2216 | Grandvie | $ 2,349,000.00 | 2/1,0,0,0 | 1948/ASR | 846/A |
| SB15047443 | SFR/D | 464 | 35th ST | $ 2,599,000.00 | 3/2,1,0,0 | 1988/ASR | 3100/A |
| SB14241757 | TWNHS/A | 229 | Rosecrans | $ 2,699,000.00 | 3/3,0,1,0 | 2014/BLD | 2200/E |
| PV15045681 | SFR/D | 2804 | Highland | $ 2,749,000.00 | 3/3,0,1,0 | 2003/ASR | 2398/A |
| SB15013335 | TWNHS/A | 3215 | Vista DR | $2,880,000.00 | 3/3,0,1,0 | 2014/BLD | 2400/E |
| SB15048966 | SFR/D | 472 | 28th ST | $2,900,000.00 | 4/3,0,1,0 | 1988/EST | 2586/A |
| SB15029488 | SFR/D | 541 | 4th ST | $ 3,989,000.00 | 4/3,0,1,0 | 1990/ASR | 3596/A |
| SB15035149 | TWNHS/A | 3300 | Ocean DR | $ 4,249,000.00 | 3/3,0,1,0 | 1992/ASR | 2000/A |
| SB15052080 | SFR/D | 340 | 7th ST | $ 4,599,000.00 | 5/3,0,2,0 | 1988/ASR | 3852/A |
| SB13078507 | SFR/D | 416 | 8th ST | $ 4,799,000.00 | 5/4,0,1,0 | 2014/EST | 4200/E |
| SB15040562 | SFR/D | 121 | 35th ST | $ 4,999,999 | 4/4,0,0,0 | 1937/ASR | 3546/A |
| SB15024360 | SFR/A | 501 | Manhatta | $ 5,999,999 | 4/3,0,1,0 | 1948/ASR | 2288/A |
| SB15043267 | SFR/D | 3421 | Manhatta | $ 7,250,000 | 4/4,0,0,0 | 2002/ASR | 4200/E |
| SB15047232 | SFR/D | 235 | 4th ST | $ 10,000,000 | 3/1,0,0,0 | 1924/ASR | 1216 |
| SB15052322 | SFR/D | 229 | 4th ST | $ 10,000,000 | 3/2,0,0,0 | 1920/ASR | 1736/A |
| SB14139027 | SFR/D | 1140 | The Stran | $ 13,999,000 | 5/4,0,0,0 | 1957/ASR | 2808/A |
| SB15046398 | SFR/D | 1405 | Oak AV | $ 1,249,000 | 2/1,0,0,0 | 1952/ASR | 794/A |
| SB15052111 | SFR/D | 2209 | Oak AV | $ 1,385,000 | 3/2,0,0,0 | 1948/ASR | 1175/A |
| SB15031614 | SFR/D | 7 | Laurel | $ 1,725,000 | 4/2,0,1,0 | 1976/ASR | 2324/A |
| SB15051487 | SFR/D | 3528 | Maple AV | $ 1,849,000 | 3/2,0,1,0 | 1963/ASR | 1780/S |
| SB15020097 | SFR/D | 1208 | Oak AV | $ 1,999,000 | 5/4,0,0,0 | 2004/ASR | 3122/A |
| SB15014658 | SFR/D | 1512 | Ardmore | $ 1,999,999 | 2/1,1,0,0 | 1953/ASR | 1032/A |
| SB15004582 | SFR/D | 3413 | Elm AV | $ 2,199,000 | 4/3,0,1,0 | 1981/ASR | 3412/AP |
| PW14258199 | SFR/D | 3613 | Walnut A | $ 2,499,900 | 4/4,0,1,0 | 1988/ASR | 3545/T |
| SB15005912 | SFR/D | 3525 | Walnut A | $ 2,674,000 | 5/3,1,0,0 | 2001/ASR | 3509/A |
| SB15029988 | SFR/D | 2412 | John ST | $ 2,799,000 | 3/2,0,1,0 | 2015/ASR | 1890/B |
| SB15028167 | SFR/D | 620 | 36th ST | $ 2,935,000 | 4/4,0,0,0 | 2002/ASR | 3776/A |
| SB14216358 | SFR/D | 750 | 35th ST | $ 3,275,000 | 5/4,0,1,0 | 2014/BLD | 3714/B |
| SB14218397 | SFR/D | 636 | 12th ST | $ 5,300,000 | 5/5,0,1,0 | 2014/BLD | 4330/B |
| SB15050953 | SFR/D | 835 | 17th ST | $ 5,799,000 | 6/5,0,1,0 | 2006/ASR | 5890/A |
| SB15039938 | SFR/D | 915 | Boundary | $ 1,750,000 | 2/1,0,0,0 | 1953/ASR | 864/A |
| SB14230617 | SFR/D | 1007 | Pacific AV | $ 6,200,000 | 5/3,0,2,0 | 1948/ASR | 4200/S |
| SB15036240 | SFR/D | 1000 | Highview | $ 6,499,000 | 5/2,2,2,0 | 2001/SLR | 5541/A |
| SB14234309 | SFR/D | 839 | 2nd ST | $ 7,100,000 | 7/6,0,0,0 | 1947/ASR | 6020/S |
| SB15013611 | TWNHS/A | 29 | Catalina C | $ 895,000 | 2/2,0,0,0 | 1984/ASR | 1465/A |
| SB15010336 | TWNHS/A | 14 | Dover PL | $ 1,435,000 | 3/2,0,1,0 | 1987/ASR | 2042/A |
| PW15035682 | TWNHS/A | 5 | Malaga | $ 1,449,000 | 3/2,0,1,0 | 1984/BLD | 2064/B |
| SB15025842 | SFR/D | 1551 | 23rd ST | $ 1,500,000 | 3/2,0,0,0 | 1968/ASR | 2046/A |
| SB15034938 | SFR/D | 1304 | Lynngrove | $ 3,199,900 | 5/5,0,1,0 | 2015/BLD | 3746/B |
| SB15036473 | SFR/D | 1321 | 21st ST | $ 4,499,900 | 5/5,0,1,0 | 2015/BLD | 5061/B |
| SB15049184 | SFR/A | 1160 | 11th ST | $ 1,299,000 | 4/2,0,0,0 | 1949/ASR | 1205/A |
| SB15050764 | SFR/D | 1727 | Curtis AV | $ 1,749,000 | 3/2,0,1,0 | 2015/SEE | 2172/A |
| 14798245 | SFR | 1226 | 10TH ST | $ 1,750,000 | 5/4,0,0,0 | 1944 | 3434 |
| SB15037876 | SFR/D | 1220 | Keats ST | $ 1,800,000 | 3/1,1,0,0 | 1953/ASR | 1262/A |
| SB14242203 | SFR/D | 1127 | 5th ST | $ 2,195,000 | 5/3,0,0,0 | 1947/ASR | 2822/A |
| SB15033654 | SFR/D | 1521 | 2nd ST | $ 2,499,000 | 5/3,0,1,0 | 2010/SLR | 3299/S |
| SB15052082 | SFR/D | 1612 | 5th ST | $ 2,500,000 | 5/3,1,0,0 | 1991/APP | 4400/AP |
| SB15034915 | SFR/D | 1131 | 6th ST | $ 4,499,900 | 5/2,3,0,0 | 2015/BLD | 5022/A |
| PW15038378 | SFR/D | 1561 | Mathews | $3,400,000 | 6/7,0,0,0 | 2015/BLD | 5200/B |
Days on Market On the Rise in the Tree Section of Manhattan Beach
By Keith Kyle
In this ultra hot market any sign that things are slowing down is big news. While the market is still very favorable for sellers we are noticing that many homes in the tree section of Manhattan Beach seem to be sitting on the market for a little longer. The current average for “active” listings (those not sold or in escrow) is 56. The number can be a bit misleading due to the fact the local MLS days on market continue to accrue if a home that is in escrow posts as “backup” status. The number of days on market has risen every month since August of 2014 with a slightly higher number in January. As inventory slowly rises the days on market will likely follow. See all of the latest Manhattan Beach real estate market trends at our updated statistic pages.
From 25 to 42 in 2 weeks – Manhattan Home Inventory On the Rise
We posted several weeks ago that we had reached a new low in Manhattan Beach. 25 total active homes for sale which was the lowest point in a very long time. As of January 22nd that number had increased to 42 which is a very good sign that the year may have some homes available unlike much of 2014. We have seen a number of new listings during January which traditionally sees a nice increase once the holidays have wrapped up and people get back to work. The chart below shows the active listings in light green, the pending sales as a red line and the closed sales as a dark green line. Please feel free to contact us for more information on what is happening in the Manhattan Beach real estate market and where we see the market heading in 2015.