George Fotion's Market Report
Manhattan Beach, CA 90266
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Manhattan Beach, CA 90266
Fri May 29 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.
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
| 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 | ||
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 |