Manhattan Beach Market Update for 8/15/22 By Dave Fratello | August 16th, 2022 As Summer winds down and kids get ready to go back to school, we're seeing closings all over town among the early-Summer sales. In our market updates, we like to take a look at notable sales from the period, so here we go, after a disclaimer. ---------------------------------------- PLEASE NOTE: Below, we discuss listings from the Manhattan Beach market, listed and brokered by a variety of agents and firms. The name of the listing broker and agent for each property, along with any contact information supplied through the MLS, is displayed with each property. Blog author Dave Fratello of Edge Real Estate Agency is not the listing agent or buyer's agent unless so stated with the listing. Click on any property address or photo to open a new page
Manhattan Beach New Listings (8/13-8/14/22) By Dave Fratello | August 13th, 2022 Hoo boy, the Hill Section. We can go weeks without a new listing, there might only be 20 sales all year, and then one day: Boom! There are suddenly 3 new listings in the Hill Section totaling $38.6M in asking prices. One (featured first below) is brand new and wide open for open houses all weekend, so check that out. Open house times are listed below, but you can also click "Open Houses" at the top of our site, which displays all the Manhattan Beach open houses. There are also links right at the top to Hermosa Beach and Redondo Beach opens. ---------------------------------------- PLEASE NOTE: Below, we present listings new to the Manhattan Beach market this week, via the MLS. They are listed and brokered by a variety of agents and firms. The
Months of Supply Trending Up (Slightly) By Dave Fratello | August 11th, 2022 The market was moving so fast, with so little inventory, back in February this year, that we saw a recent record low for "months of supply." (See our post from then, "Months of Supply Craters at 15-Year Low.") The measure "months of supply" takes into account the pace and number of homes going into escrow, and estimates how long it would take to sell every listing on the market. Now, with a slight drop in the pace of new deals, and a gentle increase in inventory, we're seeing the arc reverse, and "months of supply" increasing. It's all relative, though, as we'll show. Our first chart here shows you a month-by-month snapshot of the data over 14 months, as the supply figure dipped to near-nothing at year-end 2021, then ran up through the end of…
Are Price Cuts a Thing Now? By Dave Fratello | August 9th, 2022 Just like you, we get all kinds of email property updates from searches that we've set up in the past. Manhattan Beach, of course. But also Redondo, Palos Verdes, even some inland areas (perish the thought!). It seems like this week, they're chock full of price cuts. Cut, cut, cut, cut, new listing, cut, cut, cut, new, cut, cut. But we're not really tracking Yorba Linda or PV here. This is a Manhattan Beach blog. We checked, and the current 23 listings in Manhattan Beach with a price cut make up 36% of the inventory (63 listings). In late July 2019, in a market that was clearly cooling, 49% of inventory had cuts. In late July 2021, roughly one year ago, 34% of inventory had cuts. (See our "Tale of Two Markets" post from last
Welcome To This Unique Opportunity On A Quiet B... 1191 Tennyson Street Manhattan Beach, CA 3 BR 2 BA 1,518 SqFt. 5,335 Lot $1,899,000 Active DOM: 2 Price: $1,899,000 BR/BA: 3br / 2ba Sq. ft.: 1,518 Area: 147 - Manhattan Bch Mira Costa City: Manhattan Beach DOM: 2
Beautiful Two-story Contemporary Home Nestled O... 400 10th Street Manhattan Beach, CA 4 BR 3 BA 2,964 SqFt. 2,711 Lot $5,200,000 Active DOM: 5 Price: $5,200,000 BR/BA: 4br / 3ba Sq. ft.: 2,964 Area: 142 - Manhattan Bch Sand City: Manhattan Beach DOM: 5
This Manhattan Beach Stunner Just Underwent A R... 513 N Dianthus Street Manhattan Beach, CA 3 BR 3 BA 2,770 SqFt. 3,250 Lot $3,600,000 Active DOM: 5 Price: $3,600,000 BR/BA: 3br / 3ba Sq. ft.: 2,770 Area: 144 - Manhattan Bch Hill City: Manhattan Beach DOM: 5