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So Much Pricey Sand Sec. Inventory - Manhattan Beach Market Update for 4/15/24

The Sand Section of Manhattan Beach is just one of three districts west of Sepulveda.

It doesn't even look that big on the map.

But the Sand Section often plays home to half or more of Manhattan Beach real estate inventory on the market.

At mid-month, the city had 71 listings, and 40 were in the Sand Section (56%).

What's more, most of those Sand Section listings are priced above $3.5M – 31 out of 40, or 78%.

Almost half are priced over $5M.

This means that overall citywide inventory numbers can be a little deceptive. You think "oh look there are all these listings available in Manhattan Beach!" And then it turns out most are elite properties over your budget.

We were curious how this collection of higher-priced properties impacts other market stats.

For instance, naturally, higher-priced properties tend to linger a while longer, and accrue Days on Market.

There's no public tracking of median or average DOM for active listings, but we do have lots of data on typical DOM for listings that sell.

In Manhattan Beach citywide right now, the median DOM for listings that sell is only 18.

But in the Sand Section, it's 50% higher at 27 DOM. (Based on a 3-month rolling average for both. And on the market, you'll see 2 months, 5 months, 8 months, even more in accrued DOM on some listings.

As the Sand Section goes, so goes MB?

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Here's the rest of our local real estate market update report for the period ending 4/15/24:

> 71 active listings as of 4/15/24 (+9 from 3/31/24) 

> 49 SFRs (+4)

> 22 THs (+4)

See the Inventory list as of 4/30/23 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

> Tree Section: 10 actives (+5)

> Sand Section: 40 actives (+3)

> Hill Section: 5 actives (flat)

> East MB: 16 actives (+1)

We're also providing a report on closed sales by region of MB.

Sales data, including PPSF for all properties, are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 4/30/23".

Please see our blog disclaimer.

Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 4:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.