Pango Group

Manhattan Beach, CA 90266

Single-Family Homes

www.pangogroup.com



Manhattan Beach, CA 90266

Tue May 26 2020
This week the median list price for Manhattan Beach, CA 90266 is $3,234,995 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 86. Click here to stay informed with the Manhattan Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Manhattan Beach, CA 90266

Tue May 26 2020
This week the median list price for Manhattan Beach, CA 90266 is $3,234,995 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 86. Click here to stay informed with the Manhattan Beach market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Manhattan Beach market.
Median List Price $3,234,995
Per Square Foot $1,095
Days on Market 112
Price Decreased 33%
Price Increased 1%
Relisted 6%
Inventory 86
Median Rent $7,450
Most Expensive $22,750,000
Least Expensive $1,489,000
Market Action 42
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

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
$6,499,000 4,620 0 - 4,500 sqft 5 6 10 1 0 181
$3,800,000 3,398 4,500 - 6,500 sqft 4 5 14 5 1 118
$2,899,000 3,111 4,500 - 6,500 sqft 4 4 20 6 2 90
$2,067,000 1,959 4,500 - 6,500 sqft 3 3 65 6 1 58