George Fotion's Market Report
Manhattan Beach, CA 90266
Single-Family Homes
Call Realty | www.BestPalosVerdesHomes.com | 310.346.6467
Manhattan Beach, CA 90266
Mon Nov 11 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,250,000 with the market action index hovering around 36. This is an increase over last month's market action index of 32. Inventory has held steady at or around 75.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $3,250,000 | |
| Per Square Foot | $1,181 | |
| Days on Market | 106 | |
| Price Decreased | 45% | |
| Price Increased | 0% | |
| Relisted | 5% | |
| Inventory | 75 | |
| Median House Rent | $7,950 | |
| Most Expensive | $25,900,000 | |
| Least Expensive | $1,199,000 | |
| Market Action Index Slight Seller's Advantage | 36 |
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
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 |
|---|---|---|---|---|---|---|---|---|
| $7,072,500 | 4,770 | 0 - 4,500 sqft | 5 | 4 | 10 | 3 | 2 | 154 |
| $3,999,995 | 3,947 | 4,500 - 6,500 sqft | 4 | 3 | 19 | 0 | 5 | 104 |
| $2,895,000 | 2,778 | 4,500 - 6,500 sqft | 4 | 2 | 39 | 2 | 3 | 92 |
| $1,899,000 | 1,622 | 0 - 4,500 sqft | 3 | 1 | 64 | 3 | 6 | 75 |