A Balanced Week

By Dave Fratello | April 22nd, 2016

We reported last weekend that the number of open houses was quite nearly the same as the total number of listings in Manhattan Beach just a year previous (53 opens, 57 listings the prior year).

We reported this week that inventory had nearly doubled year-over-year: A good story for buyers, it would seem.

This past 7-day period, though, has been one of nearly equal balance.

From Friday morning to Friday morning, we saw:

  • 10 new listings coming to market
  • 10 new escrows beginning
  • 9 price cuts on existing listings

Inventory of Manhattan Beach homes for sale is steady at 105 as of Friday morning.

You know that you can always get an instant update on the state of the market on the MB Dashboard.

If you're the Twittering type, you ought to add the MB Property Ticker to your Twitter feed.

We hope you've had the chance to review some of our most recent posts. We're going to link to them here because some new readers aren't aware of what's in the archives – even the most recent posts:

  • The big Tree Section "compound" ("ecosystem") at 3305 Pine closed for $6.750M; you can see inside via a nice video tour

We'll be back shortly with the rundown on this weekend's open houses.


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