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 Apr 19 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,695,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 91. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Manhattan Beach, CA 90266

Fri Apr 19 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,695,000 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 91. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Manhattan Beach market.
Median List Price $3,695,000
Per Square Foot $1,118
Days on Market 78
Price Decreased 33%
Price Increased 2%
Relisted 9%
Inventory 91
Median House Rent $7,025
Most Expensive $25,900,000
Least Expensive $1,450,000
Market Action Index
Slight Seller's Advantage
38

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

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
$7,497,000 4,524 0 - 4,500 sqft 5 4 14 0 0 112
$4,799,000 4,200 4,500 - 6,500 sqft 5 3 15 1 1 70
$3,199,000 3,174 0 - 4,500 sqft 4 2 30 5 2 61
$1,995,000 1,800 4,500 - 6,500 sqft 3 1 66 6 4 71