Found 80 blog entries about inventory.

Here's hoping you had a bit of time away to refresh and recharge this Summer.

Maybe you checked in only occasionally on events in Manhattan Beach real estate in the meantime. Worry not! We've got you covered in this summary of posts from the past couple of months:

Inventory Trends

It was up, higher than we've seen in years, then inventory was down. 

High point: 141 in mid-July.

Low point: Now. 110 on the last day of August.

See: "Wow, 141" and "Absorption – In Summer? (Big Time)"

Where the Sales Were – and Weren't

Summer began as one normally might expect, with a languid pace of sales, and more listings than the market could handle. But as evidenced by the sharp drop in inventory over Summer, the pace picked up quite a bit. 


Typically, the only things you have to worry about absorbing in Summer are the sun's rays and (perhaps hefty) bills for camps and travel.

2509 Walnut Avenue Manhattan Beach CAIn Manhattan Beach real estate, though, Summer is not typically a period with a lot of absorption – of housing inventory. Listings come out less frequently, and sell more slowly. Summer has a lazier pace, befitting the season.

Now, with quick sales on listings like this one, 2509 Walnut (asking $2.799M), Summer 2016 is breaking from tradition. [UPDATE: 2509 Walnut has come back to market after a brief escrow.]

This year – well, these last 2 weeks or so – there's a lot of absorption. Inventory is dropping drastically because sales are happening fast – all of a sudden.

It's like someone shouted, "Everyone in…


201 Larsson Street Manhattan Beach CAThat can only be the feeling for the seller at 201 Larsson. And for neighbors.

This corner-lot property has been listed for sale on and off in parts of 7 years (2004, '09, '10, '11, '12, '15 and now '16). Only this year did they finally consummate a sale.

List price in November 2015: $3.399M

Sold price in June 2016: $2.400M.

It took a long time to hear what the market was saying, but there it was, finally. (FYI, the sale occurred in June, but only posted to the MLS in late July, which is why we are mentioning it now.)

There is so much going on in the market now worth a comment, it's almost beyond the scope of one market update.

But we have to mention this: That growing-inventory problem? That epic high peak hit less than two…

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