Sat Jan 16 2021
This week the median list price for Manhattan Beach, CA 90266 is $3,895,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has held steady at or around 53.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$3,895,000|
|Per Square Foot||$1,311|
|Days on Market||136|
|Slight Seller's Advantage|
The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$10,500,000||4,372||0 - 4,500 sqft||4||5||7||0||1||190|
|$4,495,000||4,369||4,500 - 6,500 sqft||5||5||15||0||0||155|
|$3,499,000||3,573||4,500 - 6,500 sqft||4||5||18||2||1||122|
|$2,175,000||1,654||0 - 4,500 sqft||3||2||67||2||0||81|