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.

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 509 Marine Avenue BD/BA 6br/5ba SQFT 4179 sqft LOT 3709 PRICE $4,399,000 $PSF $1,053 DOM 0 DOM START $ $4,399,000 START 04/20/21
Address 1805 Laurel Avenue BD/BA 2br/1ba SQFT 1255 sqft LOT 4794 PRICE $2,500,000 $PSF $1,992 DOM 0 DOM START $ $2,500,000 START 04/19/21
Address 2905 Maple Avenue BD/BA 4br/4ba SQFT 3298 sqft LOT 4646 PRICE $3,195,000 $PSF $969 DOM 0 DOM START $ $3,195,000 START 04/16/21
Address 1624 3rd Street BD/BA 5br/5ba SQFT 4565 sqft LOT 6656 PRICE $3,199,000 $PSF $701 DOM 0 DOM START $ $3,199,000 START 04/16/21
Address 575 27th Street BD/BA 3br/2ba SQFT 1371 sqft LOT 4803 PRICE $2,399,000 $PSF $1,750 DOM 0 DOM START $ $2,399,000 START 04/16/21
Address 329 3rd Street BD/BA 3br/3ba SQFT 1920 sqft LOT 2694 PRICE $3,499,000 $PSF $1,822 DOM 0 DOM START $ $3,499,000 START 04/03/21
Address 117 Crest Drive BD/BA 4br/5ba SQFT 2520 sqft LOT 1666 PRICE $4,950,000 $PSF $1,964 DOM 0 DOM START $ $4,950,000 START 03/30/21
Address 1412 Laurel Avenue BD/BA 6br/5ba SQFT 5700 sqft LOT 5432 PRICE $6,999,000 $PSF $1,228 DOM 1 DOM START $ $6,999,000 START 04/19/21
Address 3105 N Poinsettia Avenue BD/BA 4br/4ba SQFT 3521 sqft LOT 4641 PRICE $2,995,000 $PSF $851 DOM 1 DOM START $ $2,995,000 START 04/19/21
Address 2200 Elm Avenue BD/BA 4br/4ba SQFT 3558 sqft LOT 4481 PRICE $2,995,000 $PSF $842 DOM 1 DOM START $ $2,995,000 START 04/14/21
Address 1257 11th Street BD/BA 3br/3ba SQFT 2993 sqft LOT 6265 PRICE $1,900,000 $PSF $635 DOM 1 DOM START $ $1,900,000 START 04/13/21
Address 2809 Oak Avenue BD/BA 3br/1ba SQFT 1136 sqft LOT 4483 PRICE $1,899,000 $PSF $1,672 DOM 1 DOM START $ $1,899,000 START 04/12/21
Address 218 1st Place BD/BA 3br/4ba SQFT 2012 sqft LOT 2703 PRICE $3,680,000 $PSF $1,829 DOM 1 DOM START $ $3,680,000 START 04/12/21
Address 2408 Pine Avenue BD/BA 4br/3ba SQFT 3176 sqft LOT 4482 PRICE $3,749,000 $PSF $1,180 DOM 1 DOM START $ $3,749,000 START 04/15/21
Address 3316 Vista Drive BD/BA 4br/3ba SQFT 2156 sqft LOT 2697 PRICE $2,750,000 $PSF $1,276 DOM 1 DOM START $ $2,750,000 START 03/29/21
Address 2404 Highland Avenue BD/BA 2br/2ba SQFT 976 sqft LOT 1740 PRICE $2,250,000 $PSF $2,305 DOM 1 DOM START $ $2,250,000 START 03/24/21
Address 2408 Highland Avenue BD/BA 5br/4ba SQFT 3153 sqft LOT 3495 PRICE $3,995,000 $PSF $1,267 DOM 1 DOM START $ $3,995,000 START 03/24/21
Address 3416 The Strand BD/BA 5br/5ba SQFT 3934 sqft LOT 3494 PRICE $11,500,000 $PSF $2,923 DOM 1 DOM START $ $11,500,000 START 01/28/21
Address 1550 11th Street BD/BA 5br/3ba SQFT 3334 sqft LOT 7504 PRICE $2,695,000 $PSF $808 DOM 2 DOM START $ $2,695,000 START 04/14/21
Address 562 31st Street BD/BA 4br/3ba SQFT 2100 sqft LOT 4769 PRICE $2,449,000 $PSF $1,166 DOM 2 DOM START $ $2,449,000 START 04/13/21
Address 1023 1st Street BD/BA 2br/1ba SQFT 1325 sqft LOT 7595 PRICE $4,250,000 $PSF $3,208 DOM 2 DOM START $ $4,250,000 START 03/24/21
Address 719 Anderson Street BD/BA 4br/4ba SQFT 2261 sqft LOT 3250 PRICE $2,799,000 $PSF $1,238 DOM 3 DOM START $ $2,799,000 START 04/15/21
Address 919 1st Street BD/BA 4br/4ba SQFT 2700 sqft LOT 8599 PRICE $8,300,000 $PSF $3,074 DOM 3 DOM START $ $8,300,000 START 03/25/21
Address 508 The Strand BD/BA 5br/6ba SQFT 3963 sqft LOT 3337 PRICE $19,900,000 $PSF $5,021 DOM 3 DOM START $ $19,900,000 START 03/18/21
Address 1311 Manhattan Beach Boulevard 1 BD/BA 2br/2ba SQFT 1015 sqft LOT 5512 PRICE $849,000 $PSF $836 DOM 3 DOM START $ $849,000 START 02/04/21
Address 2305 Bayview Drive BD/BA 3br/4ba SQFT 2570 sqft LOT 3496 PRICE $4,199,000 $PSF $1,634 DOM 4 DOM START $ $4,199,000 START 04/16/21
Address 1120 5th Street BD/BA 4br/3ba SQFT 3023 sqft LOT 7509 PRICE $2,199,000 $PSF $727 DOM 4 DOM START $ $2,199,000 START 04/14/21
Address 18 Malaga Place BD/BA 3br/3ba SQFT 1752 sqft LOT 2389 PRICE $1,729,000 $PSF $987 DOM 5 DOM START $ $1,729,000 START 04/15/21
Address 1156 10th Street 2 BD/BA 3br/3ba SQFT 2506 sqft LOT 6729 PRICE $1,775,000 $PSF $708 DOM 5 DOM START $ $1,775,000 START 04/09/21
Address 2211 Vista Drive BD/BA 3br/4ba SQFT 2250 sqft LOT 3509 PRICE $2,699,000 $PSF $1,200 DOM 5 DOM START $ $2,699,000 START 04/08/21
Address 1845 11th Street BD/BA 2br/2ba SQFT 1430 sqft LOT 6500 PRICE $1,539,000 $PSF $1,076 DOM 5 DOM START $ $1,539,000 START 04/01/21
Address 937 8th Street BD/BA 5br/6ba SQFT 5151 sqft LOT 7200 PRICE $6,999,000 $PSF $1,359 DOM 6 DOM START $ $6,999,000 START 04/09/21
Address 129 38th Street BD/BA 6br/9ba SQFT 3720 sqft LOT 2701 PRICE $4,475,000 $PSF $1,203 DOM 7 DOM START $ $4,475,000 START 02/05/21
Address 121 15th Street BD/BA 3br/4ba SQFT 1900 sqft LOT 0 PRICE $4,500,000 $PSF $2,368 DOM 8 DOM START $ $4,500,000 START 02/24/21
Address 101 Highland Avenue BD/BA 4br/4ba SQFT 2050 sqft LOT 2698 PRICE $3,000,000 $PSF $1,463 DOM 8 DOM START $ $3,000,000 START 02/23/21
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $17,900,000 $PSF $3,614 DOM 8 DOM START $ $17,900,000 START 02/16/21
Address 1201 Oak Avenue BD/BA 4br/5ba SQFT 2534 sqft LOT 4485 PRICE $2,599,000 $PSF $1,026 DOM 9 DOM START $ $2,599,000 START 04/06/21
Address 3201 Laurel Avenue BD/BA 3br/2ba SQFT 1350 sqft LOT 4325 PRICE $2,049,000 $PSF $1,518 DOM 9 DOM START $ $2,049,000 START 04/04/21
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $12,000,000 $PSF $2,807 DOM 13 DOM START $ $12,000,000 START 04/07/21
Address 320 33rd Place BD/BA 3br/4ba SQFT 1870 sqft LOT 2705 PRICE $2,539,000 $PSF $1,358 DOM 14 DOM START $ $2,539,000 START 03/03/21
Address 825 Highview Avenue BD/BA 4br/5ba SQFT 4709 sqft LOT 5346 PRICE $10,195,000 $PSF $2,165 DOM 16 DOM START $ $10,195,000 START 03/03/21
Address 1137 6th Street BD/BA 5br/6ba SQFT 4665 sqft LOT 7492 PRICE $4,899,000 $PSF $1,050 DOM 17 DOM START $ $4,899,000 START 04/02/21
Address 1657 Gates Ave BD/BA 4br/5ba SQFT 4197 sqft LOT 7500 PRICE $3,499,000 $PSF $834 DOM 17 DOM START $ $3,695,000 START 03/23/21
Address 228 29th Street BD/BA 1br/1ba SQFT 893 sqft LOT 2251 PRICE $3,500,000 $PSF $3,919 DOM 17 DOM START $ $3,500,000 START 03/05/21
Address 516 21st Street BD/BA 4br/4ba SQFT 3540 sqft LOT 3772 PRICE $5,350,000 $PSF $1,511 DOM 19 DOM START $ $5,350,000 START 04/01/21
Address 220 8th Street BD/BA 4br/4ba SQFT 4195 sqft LOT 2709 PRICE $10,000,000 $PSF $2,384 DOM 19 DOM START $ $10,000,000 START 03/22/21
Address 216 7th Street BD/BA 4br/6ba SQFT 4800 sqft LOT 2702 PRICE $9,650,000 $PSF $2,010 DOM 20 DOM START $ $9,650,000 START 03/25/21
Address 220 13th Street BD/BA 7br/6ba SQFT 3275 sqft LOT 2673 PRICE $4,699,000 $PSF $1,435 DOM 20 DOM START $ $4,875,000 START 01/24/21

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