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.
The market in Manhattan Beach continues to be dominated by luxury homes an ever increasing median home prices. Of the current 68 homes active on the Manhattan Beach MLS, 40 of them are priced at $2,000,000 or higher. Only 7 of the 68 are priced below $1.0M which makes Manhattan Beach one of the pricier neighborhoods in Southern California. Over the last 18 months we’ve seen an incredible influx of cash and high net worth buyers enter the market and prices have been driven up quickly.
Current Luxury Homes and Land for Sale in Manhattan Beach
