Inventory Leaps As Buyers Activate

By Dave Fratello | July 11th, 2020

Sellers are rushing properties to market amid signs that Manhattan Beach real estate is rolling hard and fast.

Whereas demand was outstripping supply for most of June, now supply is building up rapidly.

Our new chart compares where we stand with inventory as of the morning of July 11, compared against data for July 15 for 4 prior years.

The 134 listings active now is a figure higher than any other mid-July point in the data. (Although there are still 4 days left to make these numbers strictly comparable.)

You can see the remarkable bounceback as we zoom in.

The 2020 data (in gold) had shot up through April and May to nearly match last year's high-inventory pace by May 31.

June's incredible outburst of sales activity (most new contracts for any June of the past 8 years) cleared out lots of inventory and absorbed much of what came to market as it appeared.

Now, almost as quickly, an imbalance is opening up, with more listings than sales.

In the past 7 days, there have been 25 new listings, 3 failed escrows returning properties to market, 1 property going to active from "hold" status, plus 5 listings added and now sitting as "coming soon." (These "coming soon" listings do not count in inventory yet.)

Over the same period, 10 properties have newly gone into escrow. (We're excepting one property that fell out and went back into escrow.)

The rough count there, then, is a net addition of 19 listings to the market over 7 days. That's not all of the jump of 23 listings since July 1, but it's most.

Our guess is that the imbalance is temporary, as buyers remain very active, rates are attractive and there remains months' worth of pent-up demand to be worked out.

Yes, there's a risk of a high-inventory overhang, maybe later this Summer, maybe in the Fall.

We're on the lookout for that, but let's give people a chance to act on what's come to market.

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Newest Listings in Manhattan Beach

Here's a quick view on the latest homes to hit the market (automatically updated). Email subscribers may want to click on this link instead.

Luxury Meets Comfort And Relaxation In This Man...

OPEN HOUSE
Photo of Listing #22200759

340 6th Street

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 3,842 SqFt.
  • 2,694 Lot

$8,500,000

Active

DOM: 3

Price:
$8,500,000
BR/BA:
5br / 5ba
Sq. ft.:
3,842
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
3

Prime End Unit Court Home In Manhattan Village....

OPEN HOUSE
Photo of Listing #SB22202160

32 Cayman Court

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 1,876 SqFt.
  • N/A Lot

$1,929,000

Active

DOM: 18

Price:
$1,929,000
BR/BA:
3br / 3ba
Sq. ft.:
1,876
Area:
145 - Manhattan Village
City:
Manhattan Beach
DOM:
18

Auction: Bid October 20-25. Previously Offered ...

OPEN HOUSE
Photo of Listing #SB22195379

1400 19th St

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 4,301 SqFt.
  • 6,942 Lot

$4,000,000

Active

DOM: 20

Price:
$4,000,000
BR/BA:
5br / 5ba
Sq. ft.:
4,301
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
20

One Of The Finest Homes Ever Built In Manhattan...

OPEN HOUSE
Photo of Listing #SB22175996

319 S Dianthus Street

Manhattan Beach, CA

  • 5 BR
  • 7 BA
  • 5,685 SqFt.
  • 5,953 Lot

$12,999,000

Active

DOM: 53

Price:
$12,999,000
BR/BA:
5br / 7ba
Sq. ft.:
5,685
Area:
144 - Manhattan Bch Hill
City:
Manhattan Beach
DOM:
53
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 641 27th Street BD/BA 5br/6ba SQFT 4697 sqft LOT 4800 PRICE $6,149,000 $PSF $1,309 DOM 3 DOM START $ $6,149,000 START 09/30/22
Address 340 6th Street BD/BA 5br/5ba SQFT 3842 sqft LOT 2694 PRICE $8,500,000 $PSF $2,212 DOM 3 DOM START $ $8,500,000 START 09/30/22
Address 1326 Voorhees Avenue BD/BA 5br/3ba SQFT 2215 sqft LOT 9250 PRICE $2,650,000 $PSF $1,196 DOM 3 DOM START $ $2,650,000 START 09/30/22
Address 1232 2nd Street BD/BA 4br/3ba SQFT 3526 sqft LOT 8258 PRICE $3,499,000 $PSF $992 DOM 4 DOM START $ $3,499,000 START 09/29/22
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 5 DOM START $ $8,900,000 START 09/28/22
Address 4406 The Strand BD/BA 2br/3ba SQFT 2138 sqft LOT 3506 PRICE $5,249,000 $PSF $2,455 DOM 5 DOM START $ $5,249,000 START 09/28/22
Address 121 Seaview Street BD/BA 4br/4ba SQFT 1616 sqft LOT 1351 PRICE $3,388,000 $PSF $2,097 DOM 6 DOM START $ $3,388,000 START 09/27/22
Address 1411 9th Street BD/BA 3br/2ba SQFT 2364 sqft LOT 7499 PRICE $2,199,000 $PSF $930 DOM 9 DOM START $ $2,199,000 START 09/24/22
Address 2417 Elm Avenue BD/BA 4br/4ba SQFT 3468 sqft LOT 5082 PRICE $3,495,000 $PSF $1,008 DOM 11 DOM START $ $3,495,000 START 09/22/22
Address 1500 Voorhees Avenue BD/BA 4br/2ba SQFT 1744 sqft LOT 5784 PRICE $1,825,000 $PSF $1,046 DOM 11 DOM START $ $1,825,000 START 09/22/22
Address 232 2nd Street BD/BA 3br/4ba SQFT 2020 sqft LOT 1355 PRICE $4,595,000 $PSF $2,275 DOM 11 DOM START $ $4,595,000 START 09/22/22
Address 3215 Vista Drive BD/BA 3br/4ba SQFT 2340 sqft LOT 3500 PRICE $2,999,000 $PSF $1,282 DOM 11 DOM START $ $2,999,000 START 09/22/22
Address 1612 Harkness Street BD/BA 2br/1ba SQFT 883 sqft LOT 5392 PRICE $1,599,000 $PSF $1,811 DOM 11 DOM START $ $1,599,000 START 09/20/22
Address 3004 Oak Avenue BD/BA 3br/2ba SQFT 1794 sqft LOT 4480 PRICE $2,495,000 $PSF $1,391 DOM 17 DOM START $ $2,495,000 START 09/16/22
Address 32 Cayman Court BD/BA 3br/3ba SQFT 1876 sqft LOT 2417 PRICE $1,929,000 $PSF $1,028 DOM 18 DOM START $ $1,929,000 START 09/15/22
Address 1 Coronado Court BD/BA 3br/3ba SQFT 2042 sqft LOT 2567 PRICE $1,895,000 $PSF $928 DOM 19 DOM START $ $1,895,000 START 09/14/22
Address 1400 19th St BD/BA 5br/5ba SQFT 4301 sqft LOT 6942 PRICE $4,000,000 $PSF $930 DOM 20 DOM START $ $4,000,000 START 09/13/22
Address 4016 The Strand BD/BA 4br/5ba SQFT 3578 sqft LOT 1746 PRICE $8,895,000 $PSF $2,486 DOM 21 DOM START $ $8,895,000 START 09/12/22
Address 316 28th Street BD/BA 4br/5ba SQFT 3450 sqft LOT 2220 PRICE $8,795,000 $PSF $2,549 DOM 21 DOM START $ $8,795,000 START 09/12/22
Address 54 Village Circle BD/BA 3br/3ba SQFT 2924 sqft LOT 5612 PRICE $2,899,000 $PSF $991 DOM 25 DOM START $ $2,949,000 START 09/08/22
Address 1467 19th Street BD/BA 4br/2ba SQFT 1480 sqft LOT 7452 PRICE $2,199,000 $PSF $1,486 DOM 26 DOM START $ $2,199,000 START 09/07/22
Address 445 33rd Street BD/BA 5br/5ba SQFT 4353 sqft LOT 2702 PRICE $7,495,000 $PSF $1,722 DOM 27 DOM START $ $7,495,000 START 09/06/22
Address 472 29th Street BD/BA 5br/6ba SQFT 4603 sqft LOT 2998 PRICE $4,495,000 $PSF $977 DOM 27 DOM START $ $4,495,000 START 09/06/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,875,000 $PSF $3,929 DOM 33 DOM START $ $6,875,000 START 08/31/22
Address 1300 11th Street BD/BA 5br/5ba SQFT 4007 sqft LOT 7863 PRICE $4,995,000 $PSF $1,247 DOM 36 DOM START $ $4,995,000 START 08/27/22
Address 229 Seaview Street BD/BA 3br/4ba SQFT 1830 sqft LOT 2701 PRICE $2,570,000 $PSF $1,404 DOM 37 DOM START $ $2,700,000 START 08/27/22
Address 219 N Dianthus Street BD/BA 4br/4ba SQFT 3300 sqft LOT 3352 PRICE $4,100,000 $PSF $1,242 DOM 38 DOM START $ $4,300,000 START 08/26/22
Address 1170 Shelley Street BD/BA 4br/3ba SQFT 1858 sqft LOT 5343 PRICE $2,275,000 $PSF $1,224 DOM 39 DOM START $ $2,349,000 START 08/25/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 52 DOM START $ $5,200,000 START 08/12/22
Address 513 N Dianthus Street BD/BA 3br/3ba SQFT 2770 sqft LOT 3250 PRICE $3,500,000 $PSF $1,264 DOM 52 DOM START $ $3,600,000 START 08/12/22
Address 500 N Poinsettia Avenue BD/BA 5br/8ba SQFT 8389 sqft LOT 10128 PRICE $22,000,000 $PSF $2,622 DOM 52 DOM START $ $22,000,000 START 08/12/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 52 DOM START $ $5,200,000 START 08/12/22
Address 319 S Dianthus Street BD/BA 5br/7ba SQFT 5685 sqft LOT 5953 PRICE $12,999,000 $PSF $2,287 DOM 53 DOM START $ $12,999,000 START 08/11/22
Address 3203 Vista Drive BD/BA 5br/5ba SQFT 3178 sqft LOT 1751 PRICE $6,499,000 $PSF $2,045 DOM 54 DOM START $ $6,750,000 START 08/10/22
Address 323 S Aviation Boulevard BD/BA 3br/2ba SQFT 1524 sqft LOT 5296 PRICE $1,599,000 $PSF $1,049 DOM 60 DOM START $ $1,749,000 START 07/15/22
Address 2605 Vista Drive BD/BA 4br/4ba SQFT 2678 sqft LOT 3496 PRICE $4,699,000 $PSF $1,755 DOM 61 DOM START $ $4,699,000 START 08/03/22
Address 733 12th Street BD/BA 5br/6ba SQFT 4383 sqft LOT 3005 PRICE $4,995,000 $PSF $1,140 DOM 61 DOM START $ $4,995,000 START 08/03/22
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $5,695,000 $PSF $1,176 DOM 66 DOM START $ $5,695,000 START 07/29/22
Address 3616 Elm Avenue BD/BA 3br/2ba SQFT 1714 sqft LOT 4854 PRICE $1,899,000 $PSF $1,108 DOM 68 DOM START $ $2,300,000 START 07/27/22
Address 1908 The Strand BD/BA 3br/3ba SQFT 1733 sqft LOT 3314 PRICE $14,395,000 $PSF $8,306 DOM 69 DOM START $ $14,395,000 START 07/26/22
Address 216 4th Street BD/BA 3br/5ba SQFT 2754 sqft LOT 1350 PRICE $6,995,000 $PSF $2,540 DOM 76 DOM START $ $7,499,000 START 06/29/22
Address 1143 23rd Street BD/BA 3br/2ba SQFT 1764 sqft LOT 5208 PRICE $2,099,000 $PSF $1,190 DOM 79 DOM START $ $2,395,000 START 07/14/22
Address 931 1st Street BD/BA 2br/1ba SQFT 948 sqft LOT 9595 PRICE $6,500,000 $PSF $6,857 DOM 81 DOM START $ $7,300,000 START 07/14/22
Address 308 Anderson Street BD/BA 4br/4ba SQFT 2632 sqft LOT 3251 PRICE $3,200,000 $PSF $1,216 DOM 82 DOM START $ $3,400,000 START 07/13/22
Address 119 S Dianthus Ave. BD/BA 3br/2ba SQFT 2364 sqft LOT 6239 PRICE $5,899,000 $PSF $2,495 DOM 83 DOM START $ $5,899,000 START 07/12/22
Address 1747 2nd Street BD/BA 3br/2ba SQFT 1442 sqft LOT 6628 PRICE $2,295,000 $PSF $1,592 DOM 84 DOM START $ $2,395,000 START 07/11/22
Address 317 8th Street BD/BA 3br/3ba SQFT 2176 sqft LOT 2695 PRICE $4,299,000 $PSF $1,976 DOM 88 DOM START $ $4,575,000 START 07/07/22
Address 800 N Poinsettia Avenue BD/BA 4br/4ba SQFT 2900 sqft LOT 7201 PRICE $4,999,999 $PSF $1,724 DOM 95 DOM START $ $4,999,999 START 06/30/22

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