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.
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
| 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 |