Pango Group

Manhattan Beach, CA 90266

Single-Family Homes

www.pangogroup.com


Manhattan Beach, CA 90266

Fri Dec 14 2018
This week the median list price for Manhattan Beach, CA 90266 is $3,249,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 69. Click here to stay informed with the Manhattan Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Manhattan Beach, CA 90266

Fri Dec 14 2018
This week the median list price for Manhattan Beach, CA 90266 is $3,249,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has held steady at or around 69. Click here to stay informed with the Manhattan Beach market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Manhattan Beach market.
Median List Price $3,249,000
Per Square Foot $1,077
Days on Market 121
Price Decreased 43%
Price Increased 0%
Relisted 9%
Inventory 69
Median House Rent $6,500
Most Expensive $19,995,000
Least Expensive $1,350,000
Market Action Index
Slight Seller's Advantage 		34

Again this week we see a downward notch for prices in this zip code. Pricing has been weak recently and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$7,395,000 5,468 4,500 - 6,500 sqft 5 5 5 0 0 193
$3,850,000 3,558 4,500 - 6,500 sqft 5 3 11 1 2 131
$2,699,000 2,976 4,500 - 6,500 sqft 4 2 22 4 0 63
$1,792,250 1,618 4,500 - 6,500 sqft 3 1 66 1 1 97