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.

Take In The Gorgeous Views And Stroll The Stran...

OPEN HOUSE
Photo of Listing #SB21166941

216 1st Street

Manhattan Beach, CA

  • 3 BR
  • 4 BA
  • 1,940 SqFt.
  • N/A Lot

$3,499,000

Active

DOM: 3

Price:
$3,499,000
BR/BA:
3br / 4ba
Sq. ft.:
1,940
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
3

This Brand New 4-level Custom Single Family Hom...

RECENT PRICE CUT
Photo of Listing #SB21110612

2509 Alma Avenue

Manhattan Beach, CA

  • 3 BR
  • 5 BA
  • 2,427 SqFt.
  • 1,356 Lot

$4,799,000

Active

DOM: 11

Price:
$4,799,000
BR/BA:
3br / 5ba
Sq. ft.:
2,427
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
11

Epic Ocean Views! This Gorgeous 3 Bed In Manhat...

OPEN HOUSE
Photo of Listing #PW21156135

3207 Crest Drive

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 1,794 SqFt.
  • N/A Lot

$2,499,000

Active

DOM: 16

Price:
$2,499,000
BR/BA:
3br / 3ba
Sq. ft.:
1,794
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
16

The Epitome Of Contemporary Sophistication, Thi...

OPEN HOUSE
Photo of Listing #SB21147667

1310 12th Street D

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 1,817 SqFt.
  • N/A Lot

$1,849,500

Active

DOM: 23

Price:
$1,849,500
BR/BA:
3br / 3ba
Sq. ft.:
1,817
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
23

Major Price Improvement!!! Tree Section Origin...

RECENT PRICE CUT
Photo of Listing #OC21136993

600 26th Street

Manhattan Beach, CA

  • 3 BR
  • 2 BA
  • 1,400 SqFt.
  • 4,481 Lot

$1,950,000

Active

DOM: 27

Price:
$1,950,000
BR/BA:
3br / 2ba
Sq. ft.:
1,400
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
27

Huge Ocean Views On This Beautifully Designed H...

OPEN HOUSE
Photo of Listing #SB21138649

428 36th Street

Manhattan Beach, CA

  • 4 BR
  • 5 BA
  • 4,064 SqFt.
  • 2,702 Lot

$4,750,000

Active

DOM: 37

Price:
$4,750,000
BR/BA:
4br / 5ba
Sq. ft.:
4,064
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
37

South Beach Meets The South Bay! Designed And B...

OPEN HOUSE
Photo of Listing #SB21132177

1226 3rd Street

Manhattan Beach, CA

  • 6 BR
  • 5 BA
  • 4,000 SqFt.
  • 6,269 Lot

$3,999,999

Active

DOM: 38

Price:
$3,999,999
BR/BA:
6br / 5ba
Sq. ft.:
4,000
Area:
147 - Manhattan Bch Mira Costa
City:
Manhattan Beach
DOM:
38

Welcome To "the Endless Summer"! This Outstand...

RECENT PRICE CUT
Photo of Listing #SB21124821

228 20th Street

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 4,144 SqFt.
  • 2,700 Lot

$5,845,000

Active

DOM: 44

Price:
$5,845,000
BR/BA:
5br / 5ba
Sq. ft.:
4,144
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
44

Brought To Life By Nick Olsen, A New York Desig...

OPEN HOUSE
Photo of Listing #SB21101147

421 1st Street

Manhattan Beach, CA

  • 4 BR
  • 5 BA
  • 4,081 SqFt.
  • 2,710 Lot

$3,999,999

Active

DOM: 81

Price:
$3,999,999
BR/BA:
4br / 5ba
Sq. ft.:
4,081
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
81
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 808 The Strand BD/BA 4br/5ba SQFT 2911 sqft LOT 5070 PRICE $11,695,000 $PSF $4,018 DOM 2 DOM START $ $11,695,000 START 07/30/21
Address 201 21st Place 2 BD/BA 3br/2ba SQFT 1349 sqft LOT 2699 PRICE $2,549,000 $PSF $1,890 DOM 2 DOM START $ $2,549,000 START 07/30/21
Address 2322 Laurel Bluff Drive BD/BA 4br/5ba SQFT 3312 sqft LOT 4998 PRICE $3,399,000 $PSF $1,026 DOM 3 DOM START $ $3,399,000 START 07/29/21
Address 216 1st Street BD/BA 3br/4ba SQFT 1940 sqft LOT 2705 PRICE $3,499,000 $PSF $1,804 DOM 3 DOM START $ $3,499,000 START 07/29/21
Address 2200 Chestnut Avenue BD/BA 4br/3ba SQFT 3144 sqft LOT 5000 PRICE $2,450,000 $PSF $779 DOM 3 DOM START $ $2,450,000 START 07/29/21
Address 2215 Bayview Drive BD/BA 4br/4ba SQFT 2630 sqft LOT 3505 PRICE $4,600,000 $PSF $1,749 DOM 3 DOM START $ $4,600,000 START 07/29/21
Address 605 29th Street BD/BA 5br/6ba SQFT 5002 sqft LOT 4801 PRICE $5,499,999 $PSF $1,100 DOM 4 DOM START $ $5,499,999 START 07/28/21
Address 1 Tiburon Court BD/BA 3br/3ba SQFT 1972 sqft LOT 2285 PRICE $1,898,000 $PSF $962 DOM 6 DOM START $ $1,898,000 START 07/26/21
Address 1837 11th Street C BD/BA 3br/3ba SQFT 2000 sqft LOT 6501 PRICE $1,480,000 $PSF $740 DOM 8 DOM START $ $1,480,000 START 07/24/21
Address 225 27th Street BD/BA 4br/2ba SQFT 2270 sqft LOT 2491 PRICE $4,999,000 $PSF $2,202 DOM 9 DOM START $ $4,999,000 START 07/23/21
Address 1659 6th Street BD/BA 6br/6ba SQFT 5255 sqft LOT 7457 PRICE $3,699,000 $PSF $704 DOM 9 DOM START $ $3,699,000 START 07/23/21
Address 3612 Alma Avenue BD/BA 4br/4ba SQFT 2510 sqft LOT 3503 PRICE $2,750,000 $PSF $1,096 DOM 9 DOM START $ $2,750,000 START 07/23/21
Address 1209 Elm Avenue BD/BA 5br/5ba SQFT 3248 sqft LOT 4485 PRICE $3,750,000 $PSF $1,155 DOM 9 DOM START $ $3,750,000 START 07/22/21
Address 2304 Grandview Avenue BD/BA 5br/4ba SQFT 4092 sqft LOT 4480 PRICE $4,199,000 $PSF $1,026 DOM 10 DOM START $ $4,199,000 START 07/22/21
Address 2707 N Poinsettia Avenue BD/BA 5br/6ba SQFT 4400 sqft LOT 4460 PRICE $4,895,000 $PSF $1,113 DOM 10 DOM START $ $4,895,000 START 07/22/21
Address 2509 Alma Avenue BD/BA 3br/5ba SQFT 2427 sqft LOT 1356 PRICE $4,799,000 $PSF $1,977 DOM 11 DOM START $ $5,195,000 START 06/18/21
Address 3207 Crest Drive BD/BA 3br/3ba SQFT 1794 sqft LOT 3498 PRICE $2,499,000 $PSF $1,393 DOM 16 DOM START $ $2,499,000 START 07/16/21
Address 124 11th Street BD/BA 4br/5ba SQFT 3966 sqft LOT 2711 PRICE $8,750,000 $PSF $2,206 DOM 17 DOM START $ $9,450,000 START 07/15/21
Address 324 21st Street BD/BA 3br/4ba SQFT 1906 sqft LOT 2698 PRICE $2,799,000 $PSF $1,469 DOM 17 DOM START $ $2,799,000 START 07/15/21
Address 1904 Manzanita Lane BD/BA 3br/2ba SQFT 1820 sqft LOT 5398 PRICE $2,149,000 $PSF $1,181 DOM 17 DOM START $ $2,199,000 START 07/15/21
Address 1461 Manhattan Beach Boulevard B BD/BA 2br/2ba SQFT 1299 sqft LOT 5509 PRICE $1,090,000 $PSF $839 DOM 18 DOM START $ $1,110,000 START 06/30/21
Address 1310 12th Street D BD/BA 3br/3ba SQFT 1817 sqft LOT 7016 PRICE $1,849,500 $PSF $1,018 DOM 23 DOM START $ $1,849,500 START 07/09/21
Address 600 29th Street BD/BA 2br/2ba SQFT 2346 sqft LOT 4200 PRICE $2,715,000 $PSF $1,157 DOM 23 DOM START $ $2,715,000 START 07/09/21
Address 4321 Crest Drive BD/BA 3br/3ba SQFT 2060 sqft LOT 3267 PRICE $2,649,999 $PSF $1,286 DOM 24 DOM START $ $2,649,999 START 07/08/21
Address 1430 2nd Street BD/BA 3br/3ba SQFT 2283 sqft LOT 13634 PRICE $4,850,000 $PSF $2,124 DOM 24 DOM START $ $4,850,000 START 07/08/21
Address 600 26th Street BD/BA 3br/2ba SQFT 1400 sqft LOT 4481 PRICE $1,950,000 $PSF $1,393 DOM 27 DOM START $ $2,150,000 START 07/05/21
Address 1145 Fisher Avenue BD/BA 4br/6ba SQFT 4716 sqft LOT 3000 PRICE $5,999,000 $PSF $1,272 DOM 32 DOM START $ $5,999,000 START 06/30/21
Address 16 Bridgeport BD/BA 3br/3ba SQFT 2927 sqft LOT 5831 PRICE $3,150,000 $PSF $1,076 DOM 33 DOM START $ $3,150,000 START 06/29/21
Address 511 Pacific Avenue BD/BA 5br/9ba SQFT 7961 sqft LOT 9355 PRICE $7,950,000 $PSF $999 DOM 34 DOM START $ $7,950,000 START 06/29/21
Address 428 36th Street BD/BA 4br/5ba SQFT 4064 sqft LOT 2702 PRICE $4,750,000 $PSF $1,169 DOM 37 DOM START $ $4,750,000 START 06/25/21
Address 417 2nd Street BD/BA 5br/6ba SQFT 4331 sqft LOT 2691 PRICE $5,950,000 $PSF $1,374 DOM 38 DOM START $ $6,250,000 START 06/24/21
Address 1226 3rd Street BD/BA 6br/5ba SQFT 4000 sqft LOT 6269 PRICE $3,999,999 $PSF $1,000 DOM 38 DOM START $ $4,199,999 START 06/24/21
Address 2508 The Strand BD/BA 4br/6ba SQFT 4554 sqft LOT 3502 PRICE $12,999,000 $PSF $2,854 DOM 39 DOM START $ $12,999,000 START 06/16/21
Address 235 No. Dianthus Street BD/BA 5br/5ba SQFT 5700 sqft LOT 6500 PRICE $8,900,000 $PSF $1,561 DOM 44 DOM START $ $9,300,000 START 06/18/21
Address 868 9th Street BD/BA 5br/6ba SQFT 5526 sqft LOT 5795 PRICE $9,868,000 $PSF $1,786 DOM 44 DOM START $ $9,868,000 START 06/18/21
Address 228 20th Street BD/BA 5br/5ba SQFT 4144 sqft LOT 2700 PRICE $5,845,000 $PSF $1,410 DOM 44 DOM START $ $5,995,000 START 06/15/21
Address 137 15th Street BD/BA 2br/2ba SQFT 888 sqft LOT 1347 PRICE $2,599,000 $PSF $2,927 DOM 45 DOM START $ $2,599,000 START 06/17/21
Address 522 Rosecrans Avenue BD/BA 3br/2ba SQFT 1092 sqft LOT 3006 PRICE $1,699,000 $PSF $1,556 DOM 47 DOM START $ $1,699,000 START 06/15/21
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $12,000,000 $PSF $2,807 DOM 53 DOM START $ $12,000,000 START 04/07/21
Address 400 17th Street BD/BA 4br/2ba SQFT 1924 sqft LOT 2765 PRICE $3,400,000 $PSF $1,767 DOM 58 DOM START $ $3,400,000 START 06/04/21
Address 504 John Street BD/BA 5br/5ba SQFT 4783 sqft LOT 7003 PRICE $9,499,000 $PSF $1,986 DOM 58 DOM START $ $9,499,000 START 06/04/21
Address 440 31st Street BD/BA 5br/4ba SQFT 3600 sqft LOT 2694 PRICE $3,999,000 $PSF $1,111 DOM 59 DOM START $ $4,100,000 START 06/03/21
Address 651 15th Street BD/BA 3br/2ba SQFT 1696 sqft LOT 4967 PRICE $2,699,000 $PSF $1,591 DOM 62 DOM START $ $2,849,000 START 05/05/21
Address 465 33rd Street BD/BA 3br/2ba SQFT 1396 sqft LOT 4045 PRICE $3,149,000 $PSF $2,256 DOM 65 DOM START $ $3,399,000 START 05/28/21
Address 853 10th Street BD/BA 7br/10ba SQFT 7606 sqft LOT 11999 PRICE $8,199,999 $PSF $1,078 DOM 72 DOM START $ $8,688,000 START 05/21/21
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $17,900,000 $PSF $3,614 DOM 75 DOM START $ $17,900,000 START 05/18/21
Address 224 29th Street BD/BA 5br/6ba SQFT 5219 sqft LOT 3155 PRICE $9,500,000 $PSF $1,820 DOM 75 DOM START $ $9,500,000 START 05/18/21
Address 421 1st Street BD/BA 4br/5ba SQFT 4081 sqft LOT 2710 PRICE $3,999,999 $PSF $980 DOM 81 DOM START $ $3,999,999 START 05/12/21

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