inventory

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Twice on Friday, we've seen inventory hit 141 homes for sale in Manhattan Beach.

There were 11 new listings within 24 hours, or 7 if you don't count the re-lists. (You don't, do you?)

205 Anderson Street Manhattan Beach CAA spacious Hill Section Cape Cod with some views at 205 Anderson (5br/6ba, 6300 sqft., $8.300M) was the first to push MB to 141.

After one listing went into escrow, it took another Hill Section listing to push us back to this new high: 1033 8th (4br/4ba, 3600 sqft., $3.599M). That one had been out for a couple of weeks in May, but paused for a while then re-listed.

All of this is going on in July, not really a time when people would typically plan to start a listing.

How much is being held back for Labor Day? Stay tuned.

It has been a while since we spoke specifically here on the blog to inventory levels. Let's try showing, before telling:

We had to adjust the top end of the scale (again) to make room for the recent-record number hit in mid-July: 133 homes for sale in Manhattan Beach. (After we closed data for this report, inventory temporarily hit 135.) 

One year prior, there were 71 homes for sale. So this year, while it's not double that level, it's close: 87% higher.

But there is a brighter side here. The sales pace is no longer lagging badly from what was seen in prior years.

In early April, just after the first quarter of 2016 closed, we published "Fewest Sales in 5 Years," showing, with data, that sales were trailing 7% behind recent years if we looked only at

When we captured data for our twice-monthly Market Update last week, inventory was consistent with recent levels, but it was just about to rise.

921 9th Street Manhattan Beach CASo our report as of June 1 shows 115 active listings, but we saw it climb to 123 by the weekend, when 921 9th St. (6br/5ba, 4900 sqft.) came to market asking $4.999M. (Inventory is at 117 on Tuesday.)

Either figure would be the highest we've recorded here at MBC on one of our market snapshots. Two weeks ago, we had 111.

We were at 63 homes for sale in Manhattan Beach at this time in 2015, so this year's trend of inventory hovering at nearly double last year's level continues.

The other day we were trying to explain the inventory trend to new clients. They had a reasonable question: Why is it so much higher

It was only the beginning of April this year when 100+ real estate listings in Manhattan Beach became "the new normal."

We can prove that, because we posted about it – actually on March 31. (See the aptly titled, "MB Real Estate Inventory Hits 100+.") Probably better that it wasn't an April Fool's post.

Manhattan Beach Real Estate Inventory Chart May 15, 2016100+ is just part of the environment now. And, yes, here, with our long, busy days here on the front lines, it feels like forever already.

By the time of our May 15th data capture, inventory was still over 100 at 111. As we go to post here on May 19th, inventory is reaching for 120, having just hit 116.

As you see in our chart, this does not look anything like 2013-2015. We had 57 listings citywide on May 15 last year – meaning this year, we're nearly…