Pango Group
Manhattan Beach, CA 90266
Single-Family Homes
www.pangogroup.com
Manhattan Beach, CA 90266
Tue Aug 11 2020
This week the median list price for Manhattan Beach, CA 90266 is $3,317,500 with the market action index hovering around 38. This is an increase over last month's market action index of 36. Inventory has held steady at or around 106.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.
Real-Time Market Profile
| Median List Price | $3,317,500 | |
| Per Square Foot | $1,183 | |
| Days on Market | 88 | |
| Price Decreased | 35% | |
| Price Increased | 3% | |
| Relisted | 7% | |
| Inventory | 106 | |
| Median Rent | $5,900 | |
| Most Expensive | $18,900,000 | |
| Least Expensive | $1,399,999 | |
| Market Action | 38 | |
| Slight Seller's Advantage | ||
Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $7,177,000 | 4,522 | 0 - 4,500 sqft | 5 | 6 | 7 | 1 | 2 | 161 |
| $4,185,000 | 3,965 | 4,500 - 6,500 sqft | 5 | 5 | 14 | 3 | 4 | 70 |
| $2,949,000 | 2,861 | 0 - 4,500 sqft | 4 | 4 | 21 | 5 | 1 | 65 |
| $2,099,000 | 1,530 | 0 - 4,500 sqft | 3 | 2 | 68 | 3 | 2 | 58 |