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 2821 Bayview Drive BD/BA 3br/2ba SQFT 1332 sqft LOT 1748 PRICE $2,695,000 $PSF $2,023 DOM 0 DOM START $ $2,695,000 START 08/05/20
Address 3603 Manhattan Avenue BD/BA 3br/4ba SQFT 1912 sqft LOT 2705 PRICE $3,200,000 $PSF $1,674 DOM 1 DOM START $ $3,200,000 START 08/05/20
Address 232 17th Street BD/BA 4br/4ba SQFT 2660 sqft LOT 1356 PRICE $4,500,000 $PSF $1,692 DOM 1 DOM START $ $4,500,000 START 08/04/20
Address 3412 Maple Avenue BD/BA 4br/3ba SQFT 2385 sqft LOT 4603 PRICE $2,395,000 $PSF $1,004 DOM 1 DOM START $ $2,395,000 START 08/04/20
Address 217 Seaview Street BD/BA 3br/3ba SQFT 1392 sqft LOT 1348 PRICE $2,139,000 $PSF $1,537 DOM 2 DOM START $ $2,139,000 START 08/03/20
Address 633 11th Street BD/BA 5br/7ba SQFT 5200 sqft LOT 5664 PRICE $6,950,000 $PSF $1,337 DOM 3 DOM START $ $7,450,000 START 08/01/20
Address 469 27th Street BD/BA 3br/4ba SQFT 2450 sqft LOT 1549 PRICE $2,799,000 $PSF $1,142 DOM 5 DOM START $ $2,799,000 START 07/31/20
Address 418 S Meadows Avenue BD/BA 3br/2ba SQFT 1373 sqft LOT 5019 PRICE $1,549,000 $PSF $1,128 DOM 6 DOM START $ $1,549,000 START 07/30/20
Address 2618 Laurel Avenue BD/BA 5br/3ba SQFT 2350 sqft LOT 4640 PRICE $2,599,000 $PSF $1,106 DOM 6 DOM START $ $2,599,000 START 07/30/20
Address 1246 10th Street BD/BA 6br/6ba SQFT 7000 sqft LOT 7503 PRICE $4,895,000 $PSF $699 DOM 7 DOM START $ $4,895,000 START 07/29/20
Address 225 20th Place BD/BA 3br/3ba SQFT 1573 sqft LOT 2706 PRICE $2,249,000 $PSF $1,430 DOM 8 DOM START $ $2,249,000 START 07/28/20
Address 3400 Palm Avenue BD/BA 5br/5ba SQFT 3436 sqft LOT 6199 PRICE $3,750,000 $PSF $1,091 DOM 8 DOM START $ $3,750,000 START 07/28/20
Address 4230 The Strand BD/BA 3br/3ba SQFT 1606 sqft LOT 3500 PRICE $3,295,000 $PSF $2,052 DOM 8 DOM START $ $3,295,000 START 07/28/20
Address 1777 Gates Avenue BD/BA 3br/2ba SQFT 1767 sqft LOT 5156 PRICE $1,399,999 $PSF $792 DOM 9 DOM START $ $1,399,999 START 07/27/20
Address 216 36th Street BD/BA 2br/2ba SQFT 1020 sqft LOT 1070 PRICE $1,799,000 $PSF $1,764 DOM 9 DOM START $ $1,799,000 START 07/27/20
Address 3412 Palm Avenue BD/BA 6br/6ba SQFT 5650 sqft LOT 6154 PRICE $5,995,000 $PSF $1,061 DOM 11 DOM START $ $5,995,000 START 07/25/20
Address 2612 Highland Avenue BD/BA 4br/5ba SQFT 2745 sqft LOT 0 PRICE $5,699,000 $PSF $2,076 DOM 12 DOM START $ $5,699,000 START 07/24/20
Address 2613 Crest Drive BD/BA 4br/5ba SQFT 2846 sqft LOT 0 PRICE $6,299,000 $PSF $2,213 DOM 12 DOM START $ $6,299,000 START 07/24/20
Address 2804 Highland Avenue BD/BA 4br/4ba SQFT 2398 sqft LOT 1754 PRICE $3,335,000 $PSF $1,391 DOM 12 DOM START $ $3,335,000 START 07/24/20
Address 412 8th Street BD/BA 5br/6ba SQFT 4424 sqft LOT 2707 PRICE $6,349,000 $PSF $1,435 DOM 13 DOM START $ $6,349,000 START 07/23/20
Address 205 40th Street BD/BA 2br/1ba SQFT 811 sqft LOT 1406 PRICE $1,695,000 $PSF $2,090 DOM 14 DOM START $ $1,695,000 START 05/02/20
Address 520 Francisco Street BD/BA 4br/2ba SQFT 1616 sqft LOT 4004 PRICE $2,299,000 $PSF $1,423 DOM 15 DOM START $ $2,299,000 START 07/21/20
Address 124 38th Place BD/BA 3br/4ba SQFT 1920 sqft LOT 1353 PRICE $2,999,000 $PSF $1,562 DOM 16 DOM START $ $2,999,000 START 07/20/20
Address 1204 Faymont Avenue BD/BA 2br/1ba SQFT 927 sqft LOT 5088 PRICE $1,590,000 $PSF $1,715 DOM 16 DOM START $ $1,590,000 START 07/20/20
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $18,900,000 $PSF $3,816 DOM 16 DOM START $ $18,900,000 START 07/20/20
Address 1545 Voorhees Avenue BD/BA 5br/5ba SQFT 4800 sqft LOT 7505 PRICE $4,295,000 $PSF $895 DOM 17 DOM START $ $4,295,000 START 07/19/20
Address 1804 Wendy Way BD/BA 4br/5ba SQFT 2438 sqft LOT 5812 PRICE $2,750,000 $PSF $1,128 DOM 18 DOM START $ $2,750,000 START 06/18/20
Address 3619 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1329 sqft LOT 5285 PRICE $1,849,000 $PSF $1,391 DOM 18 DOM START $ $1,849,000 START 07/18/20
Address 476 36th Street BD/BA 2br/1ba SQFT 784 sqft LOT 2707 PRICE $1,695,000 $PSF $2,162 DOM 19 DOM START $ $1,695,000 START 07/17/20
Address 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $7,499,000 $PSF $1,717 DOM 19 DOM START $ $7,499,000 START 07/17/20
Address 200 Shell Street BD/BA 3br/3ba SQFT 1920 sqft LOT 1353 PRICE $2,250,000 $PSF $1,172 DOM 20 DOM START $ $2,350,000 START 07/16/20
Address 3316 Crest Drive BD/BA 4br/3ba SQFT 2086 sqft LOT 1357 PRICE $2,949,000 $PSF $1,414 DOM 20 DOM START $ $2,949,000 START 07/16/20
Address 601 Larsson Street BD/BA 4br/4ba SQFT 3712 sqft LOT 5504 PRICE $3,295,000 $PSF $888 DOM 21 DOM START $ $3,499,000 START 07/15/20
Address 333 19th Street BD/BA 5br/3ba SQFT 2148 sqft LOT 2699 PRICE $4,200,000 $PSF $1,955 DOM 21 DOM START $ $4,200,000 START 07/15/20
Address 709 N Valley Drive BD/BA 3br/3ba SQFT 1356 sqft LOT 1931 PRICE $1,999,000 $PSF $1,474 DOM 21 DOM START $ $1,999,000 START 07/15/20
Address 3601 Laurel Avenue BD/BA 3br/2ba SQFT 1530 sqft LOT 5412 PRICE $2,099,000 $PSF $1,372 DOM 21 DOM START $ $2,295,000 START 07/15/20
Address 536 4th Street BD/BA 4br/3ba SQFT 3048 sqft LOT 2751 PRICE $3,299,000 $PSF $1,082 DOM 22 DOM START $ $3,299,000 START 07/14/20
Address 319 34th Place BD/BA 3br/4ba SQFT 2001 sqft LOT 2697 PRICE $2,649,000 $PSF $1,324 DOM 22 DOM START $ $2,649,000 START 07/14/20
Address 35 Malaga Place BD/BA 3br/3ba SQFT 1820 sqft LOT 2498 PRICE $1,459,000 $PSF $802 DOM 23 DOM START $ $1,459,000 START 07/13/20
Address 2612 N Poinsettia Avenue BD/BA 5br/5ba SQFT 3244 sqft LOT 4450 PRICE $3,150,000 $PSF $971 DOM 23 DOM START $ $3,150,000 START 07/13/20
Address 1159 Magnolia Avenue BD/BA 4br/4ba SQFT 3200 sqft LOT 4885 PRICE $2,799,000 $PSF $875 DOM 24 DOM START $ $2,799,000 START 07/12/20
Address 1127 6th Street BD/BA 5br/4ba SQFT 3700 sqft LOT 7751 PRICE $2,980,000 $PSF $805 DOM 24 DOM START $ $2,980,000 START 07/12/20
Address 2612 Highland Avenue BD/BA 4br/5ba SQFT 2745 sqft LOT 0 PRICE $5,699,000 $PSF $2,076 DOM 25 DOM START $ $5,699,000 START 07/11/20
Address 84 Manhattan Avenue BD/BA 3br/4ba SQFT 2173 sqft LOT 3251 PRICE $3,450,000 $PSF $1,588 DOM 25 DOM START $ $3,450,000 START 07/11/20
Address 505 N Valley Drive BD/BA 4br/4ba SQFT 2350 sqft LOT 1730 PRICE $2,399,000 $PSF $1,021 DOM 26 DOM START $ $2,399,000 START 07/10/20
Address 510 N Dianthus Street BD/BA 5br/4ba SQFT 3805 sqft LOT 5503 PRICE $4,600,000 $PSF $1,209 DOM 26 DOM START $ $4,600,000 START 07/10/20
Address 221 36th Street BD/BA 3br/4ba SQFT 1948 sqft LOT 1353 PRICE $2,899,000 $PSF $1,488 DOM 26 DOM START $ $2,999,000 START 07/10/20
Address 1457 Manhattan Beach Boulevard B BD/BA 2br/3ba SQFT 1276 sqft LOT 5504 PRICE $1,175,000 $PSF $921 DOM 27 DOM START $ $1,175,000 START 02/27/20

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