MANHATTAN BEACH REAL ESTATE TRENDS: PRICES, VALUES, TIPS TO BUY OR SELL

As we review the data for the last 12 or so months, we've noticed an interesting trend: inventory has been coming down while sales remain constant. We believes this indicates a firming up of the market bottom and is good news if you want to sell Manhattan Beach Real Estate.

The other good indicator for sellers is that the days on market has declined to be a little more than 2 months if the property is priced correctly. Equally attractive for sellers should be that the sold - original list price percentage is staying within 10%. In other words, the 15-20% price declines appear to be well behind us.

The other good news for sellers is that the absorption rate is well in the 20% range for pended or closed and based on closed sales, there is 3-4 months of inventory on hand.

Our tip for buyers is that if history is any indicator, sales slow significantly Nov-Dec and that's when you are most likely to find a highly motivated seller and get that "deal" you are looking for.

The data below includes all property types: condos, townhouses, and single family houses as well as short sales, bank owned foreclosures (REOs), and probate sales. For more specific information regarding a home you may want to buy or sell, email socalistings@yahoo.com or call 310 975 5139 for more information.

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