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.

Sitting On A 50’ X 102’ Lot, One Is Greeted By ...

OPEN HOUSE
Photo of Listing #SB22104540

1812 Marine Avenue

Manhattan Beach, CA

  • 4 BR
  • 3 BA
  • 1,938 SqFt.
  • 5,077 Lot

$1,775,000

Active

DOM: 2

Price:
$1,775,000
BR/BA:
4br / 3ba
Sq. ft.:
1,938
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
2

Stunningly Beautiful 3 Story Modern Townhome Wi...

OPEN HOUSE
Photo of Listing #SB22099155

2400 Alma Avenue

Manhattan Beach, CA

  • 4 BR
  • 4 BA
  • 2,818 SqFt.
  • N/A Lot

$4,850,000

Active

DOM: 8

Price:
$4,850,000
BR/BA:
4br / 4ba
Sq. ft.:
2,818
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
8

Welcome To This Quintessential Manhattan Beach ...

OPEN HOUSE
Photo of Listing #SB22069139

901 28th Street

Manhattan Beach, CA

  • 6 BR
  • 8 BA
  • 5,648 SqFt.
  • 6,006 Lot

$6,249,000

Active

DOM: 43

Price:
$6,249,000
BR/BA:
6br / 8ba
Sq. ft.:
5,648
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
43
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 209 15th Street BD/BA 3br/2ba SQFT 1300 sqft LOT 1345 PRICE $3,299,000 $PSF $2,538 DOM 0 DOM START $ $3,299,000 START 05/20/22
Address 215 S. Valley Dr BD/BA 4br/3ba SQFT 2541 sqft LOT 5040 PRICE $3,199,000 $PSF $1,259 DOM 1 DOM START $ $3,199,000 START 05/19/22
Address 221 33rd Street BD/BA 3br/3ba SQFT 1723 sqft LOT 1347 PRICE $3,495,000 $PSF $2,028 DOM 1 DOM START $ $3,495,000 START 05/19/22
Address 1208 The Strand A BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,999,000 $PSF $4,201 DOM 1 DOM START $ $4,999,000 START 05/19/22
Address 2515 Alma Avenue BD/BA 5br/5ba SQFT 3882 sqft LOT 4052 PRICE $3,500,000 $PSF $902 DOM 1 DOM START $ $3,500,000 START 05/19/22
Address 2521 Alma Avenue BD/BA 5br/4ba SQFT 3423 sqft LOT 4052 PRICE $4,000,000 $PSF $1,169 DOM 1 DOM START $ $4,000,000 START 05/19/22
Address 2603 Flournoy Road BD/BA 3br/2ba SQFT 1609 sqft LOT 4481 PRICE $3,000,000 $PSF $1,865 DOM 1 DOM START $ $3,000,000 START 05/19/22
Address 668 35th Street BD/BA 3br/4ba SQFT 2405 sqft LOT 4726 PRICE $2,700,000 $PSF $1,123 DOM 1 DOM START $ $2,700,000 START 05/19/22
Address 1812 Marine Avenue BD/BA 4br/3ba SQFT 1938 sqft LOT 5077 PRICE $1,775,000 $PSF $916 DOM 2 DOM START $ $1,775,000 START 05/18/22
Address 113 S Aviation Boulevard BD/BA 4br/4ba SQFT 2248 sqft LOT 5301 PRICE $1,949,000 $PSF $867 DOM 2 DOM START $ $1,949,000 START 05/18/22
Address 3000 The Strand BD/BA 2br/4ba SQFT 3949 sqft LOT 3514 PRICE $17,000,000 $PSF $4,305 DOM 2 DOM START $ $17,000,000 START 05/18/22
Address 2807 Elm Avenue BD/BA 5br/5ba SQFT 3471 sqft LOT 5601 PRICE $4,195,000 $PSF $1,209 DOM 4 DOM START $ $4,195,000 START 05/16/22
Address 121 15th Street BD/BA 3br/4ba SQFT 1900 sqft LOT 2699 PRICE $3,995,000 $PSF $2,103 DOM 7 DOM START $ $3,995,000 START 05/13/22
Address 1404 Manhattan Avenue BD/BA 2br/2ba SQFT 869 sqft LOT 2987 PRICE $4,999,000 $PSF $5,753 DOM 7 DOM START $ $4,999,000 START 05/13/22
Address 2400 Alma Avenue BD/BA 4br/4ba SQFT 2818 sqft LOT 3513 PRICE $4,850,000 $PSF $1,721 DOM 8 DOM START $ $4,850,000 START 05/12/22
Address 600 Anderson Street BD/BA 3br/3ba SQFT 2025 sqft LOT 7151 PRICE $4,699,000 $PSF $2,320 DOM 8 DOM START $ $4,699,000 START 05/12/22
Address 432 5th Street BD/BA 5br/2ba SQFT 1880 sqft LOT 2771 PRICE $3,995,000 $PSF $2,125 DOM 8 DOM START $ $3,995,000 START 05/12/22
Address 817 Pacific Avenue BD/BA 3br/2ba SQFT 1510 sqft LOT 6254 PRICE $6,050,000 $PSF $4,007 DOM 8 DOM START $ $6,050,000 START 05/12/22
Address 4113 Crest Drive BD/BA 2br/3ba SQFT 2295 sqft LOT 1350 PRICE $4,900,000 $PSF $2,135 DOM 9 DOM START $ $4,900,000 START 05/11/22
Address 472 29th Street BD/BA 5br/6ba SQFT 4603 sqft LOT 2998 PRICE $4,900,000 $PSF $1,065 DOM 9 DOM START $ $4,900,000 START 05/11/22
Address 116 41st Street BD/BA 3br/2ba SQFT 1332 sqft LOT 1349 PRICE $2,295,000 $PSF $1,723 DOM 9 DOM START $ $2,295,000 START 05/11/22
Address 621 36th Street BD/BA 5br/5ba SQFT 4066 sqft LOT 5404 PRICE $5,195,000 $PSF $1,278 DOM 10 DOM START $ $5,195,000 START 05/10/22
Address 1900 Laurel Avenue BD/BA 2br/2ba SQFT 1315 sqft LOT 6134 PRICE $3,600,000 $PSF $2,738 DOM 16 DOM START $ $3,600,000 START 05/04/22
Address 1601 Pine Avenue BD/BA 5br/5ba SQFT 2962 sqft LOT 4201 PRICE $4,250,000 $PSF $1,435 DOM 18 DOM START $ $4,250,000 START 05/02/22
Address 214 El Porto Street BD/BA 1br/2ba SQFT 480 sqft LOT 1480 PRICE $1,599,000 $PSF $3,331 DOM 20 DOM START $ $1,599,000 START 04/30/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,999,999 $PSF $1,581 DOM 23 DOM START $ $7,999,999 START 04/27/22
Address 300 The Strand BD/BA 4br/9ba SQFT 4440 sqft LOT 3333 PRICE $21,999,000 $PSF $4,955 DOM 24 DOM START $ $21,999,000 START 04/26/22
Address 3404 The Strand BD/BA 8br/7ba SQFT 5568 sqft LOT 3507 PRICE $14,995,000 $PSF $2,693 DOM 29 DOM START $ $14,995,000 START 04/21/22
Address 613 Aviation Way BD/BA 3br/3ba SQFT 1850 sqft LOT 7490 PRICE $1,740,000 $PSF $941 DOM 29 DOM START $ $1,659,000 START 04/21/22
Address 1420 Elm Avenue BD/BA 5br/4ba SQFT 3432 sqft LOT 4203 PRICE $3,899,999 $PSF $1,136 DOM 29 DOM START $ $4,000,000 START 04/21/22
Address 3312 Palm BD/BA 5br/6ba SQFT 3599 sqft LOT 4633 PRICE $4,699,000 $PSF $1,306 DOM 42 DOM START $ $4,699,000 START 04/08/22
Address 1323 17th Street 2 BD/BA 4br/4ba SQFT 3653 sqft LOT 7007 PRICE $2,250,000 $PSF $616 DOM 42 DOM START $ $2,495,000 START 04/08/22
Address 901 28th Street BD/BA 6br/8ba SQFT 5648 sqft LOT 6006 PRICE $6,249,000 $PSF $1,106 DOM 43 DOM START $ $6,249,000 START 04/07/22
Address 2617 Vista Drive BD/BA 4br/4ba SQFT 2630 sqft LOT 3494 PRICE $4,999,999 $PSF $1,901 DOM 46 DOM START $ $5,199,000 START 04/04/22
Address 1400 19th Street BD/BA 6br/7ba SQFT 5255 sqft LOT 6942 PRICE $4,500,000 $PSF $856 DOM 55 DOM START $ $4,500,000 START 03/26/22
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 59 DOM START $ $8,500,000 START 03/22/22
Address 845 11th Street BD/BA 5br/5ba SQFT 4315 sqft LOT 9938 PRICE $5,999,000 $PSF $1,390 DOM 60 DOM START $ $7,000,000 START 03/17/22
Address 1800 The Strand BD/BA 5br/8ba SQFT 5329 sqft LOT 3319 PRICE $27,000,000 $PSF $5,067 DOM 79 DOM START $ $27,000,000 START 03/02/22
Address 1145 Fisher Avenue BD/BA 5br/6ba SQFT 5014 sqft LOT 3000 PRICE $5,495,000 $PSF $1,096 DOM 85 DOM START $ $5,795,000 START 02/24/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $6,999,000 $PSF $1,359 DOM 92 DOM START $ $8,000,000 START 02/17/22
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $17,500,000 $PSF $3,533 DOM 119 DOM START $ $17,500,000 START 01/21/22
Address 3216 The Strand BD/BA 5br/8ba SQFT 7454 sqft LOT 3494 PRICE $30,000,000 $PSF $4,025 DOM 120 DOM START $ $30,000,000 START 01/20/22
Address 2804 The Strand BD/BA 3br/4ba SQFT 2932 sqft LOT 3481 PRICE $13,499,000 $PSF $4,604 DOM 233 DOM START $ $16,499,000 START 09/29/21
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $3,799,000 $PSF $1,815 DOM 669 DOM START $ $4,550,000 START 04/22/20

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