George Fotion's Market Report

Manhattan Beach, CA 90266

Single-Family Homes

Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467



Manhattan Beach, CA 90266

Tue Feb 19 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,200,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 66. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Manhattan Beach, CA 90266

Tue Feb 19 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,200,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has held steady at or around 66. 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 remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Manhattan Beach market.
Median List Price $3,200,000
Per Square Foot $1,050
Days on Market 105
Price Decreased 33%
Price Increased 0%
Relisted 5%
Inventory 66
Median House Rent $6,750
Most Expensive $18,300,000
Least Expensive $1,200,000
Market Action Index
Slight Seller's Advantage
35

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

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
$7,445,000 5,225 0 - 4,500 sqft 5 5 11 2 1 144
$4,272,500 3,709 4,500 - 6,500 sqft 5 3 12 1 0 116
$2,799,000 3,237 4,500 - 6,500 sqft 4 2 19 4 2 90
$1,699,500 1,550 4,500 - 6,500 sqft 3 1 66 3 2 71