If you think that there aren't a lot of houses for sale in Manhattan Beach CA 90266....

If you think that there aren't a lot of homes for sale in Manhattan Beach CA 90266 you are absolutely correct. Or at least not a lot from my perspective. Here's why.

Currently there are 42 active Manhattan Beach MLS listings and another 40 in escrow (MLS status "backup" or "pending"). So, in the unlikely event that nothing else was listed, we would have just enough inventory on hand to cover one month. I also get the same result by another metric. That is, looking back at what has sold (closed escrow) over the past 30 days in Manhattan Beach. By that count we get 35 sales and we can say we have 1 month plus another week of inventory on hand. Still probably not enough to satisfy housing demand in 90266.

Diving deeper into the active listings, there are 8 Sand Section homes for sale, 15 Tree Section listings, 4 in the Manhattan Beach Hill Section, 3 in Manhattan Village, and 10 in East Manhattan Beach (MLS Areas 146 and 147).

The median price of active Manhattan Beach listings is $1,957,500 with the distribution in the higher end luxury home segment at 13 homes listed fro sale between $2-$3M, one in the high $3's, 2 in the $4M range, 2 in the $5M range and then a jump up to $12,875,000 for the most expensive home for sale in Manhattan Beach and it isn't even on the Strand!

Single family homes dominate the conversation. Of the available listings, only 4 are townhomes or condos and the rest are SFRs.

THESE ARE ALL THE CURRENTLY AVAILABLE HOMES LISTED FOR SALE IN MANHATTAN BEACH CA 90266


Comments