Ellis Posner

Manhattan Beach, CA 90266

Single-Family Homes

ellisposner.com



Manhattan Beach, CA 90266

Mon Jun 17 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,595,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 101. 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 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.

Manhattan Beach, CA 90266

Mon Jun 17 2019
This week the median list price for Manhattan Beach, CA 90266 is $3,595,000 with the market action index hovering around 35. This is less than last month's market action index of 37. Inventory has held steady at or around 101. 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 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.

Real-Time Market Profile

Never miss important changes in the Manhattan Beach market.
Median List Price $3,595,000
Per Square Foot $1,102
Days on Market 75
Price Decreased 44%
Price Increased 2%
Relisted 13%
Inventory 101
Median House Rent $9,675
Most Expensive $25,900,000
Least Expensive $1,495,000
Market Action Index
Slight Seller's Advantage
35

In the last few weeks we’ve seen prices in this zip code bouncing around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

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
$7,195,000 4,259 0 - 4,500 sqft 5 4 12 3 0 113
$4,500,000 4,117 4,500 - 6,500 sqft 5 3 15 2 1 87
$3,199,000 3,200 0 - 4,500 sqft 4 3 20 3 4 52
$1,912,500 1,913 4,500 - 6,500 sqft 3 1 65 3 3 50