Top Heavy? More Than 1/3rd of MB Listings are $4M+

By Dave Fratello | May 7th, 2019

More than a third of the Manhattan Beach real estate market is made up of homes priced above $4 million.

In fact, it's 36%.

They come to market just a couple at a time.

659 18th Street Manhattan Beach CALast week, there were 2 (712 Pacific and 659 18th, pictured).

The couple of weeks before, 3 more.

And so on.

Consider the cluster of new listings last week in the $2.7-$2.9M range, which is a relative sweet spot in this market. Not a lot of listings in that price range tend to hang around.

Pricier listings tend to stretch out, gaining more DOM as they work to find a buyer. It's not unusual to find a $4M+ listing with 2-3 months on market, or even 200+ days. (See the list below.)

OK, so it takes longer to sell a top-tier listing. That's just important to know whether you are a buyer or seller in that price tier. But how unusual is the mix of 36% now over $4M?

One measure is to look at sales totals.

In 2018, just 15% of sold listings were priced at $4M and above.

In 2017, it was 17% of solds over $4M.

Back in 2016, only 9% of solds were priced over $4M.

To be fair, the proper, like-to-like comparison of current inventory against prior years would be to inventory in prior years, not closed sales. Give these $4M+ homes a chance to find their buyers, or not.

But that phrase we've heard, that the market is getting a bit "top-heavy" with higher-end listings, does make some sense in light of the data we see now.

Below is a display of all local listings priced over $4M. At the time of this post, it's 44 active listings. Email subscribers will need to view this post online to see all the homes.

Homes for Sale in Manhattan Beach Priced $4M and Above

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 208 20th Street BD/BA 5br/6ba SQFT 5673 sqft LOT 2704 PRICE $9,590,000 $PSF $1,690 DOM 0 DOM START $ $9,590,000 START 09/22/20
Address 421 1st Street BD/BA 4br/5ba SQFT 3620 sqft LOT 2710 PRICE $4,500,000 $PSF $1,243 DOM 0 DOM START $ $4,500,000 START 09/22/20
Address 510 N Dianthus Street BD/BA 5br/4ba SQFT 3805 sqft LOT 5503 PRICE $4,750,000 $PSF $1,248 DOM 0 DOM START $ $4,750,000 START 09/22/20
Address 4117 The Strand (aka Ocean Dr) Drive BD/BA 5br/3ba SQFT 2804 sqft LOT 3500 PRICE $5,999,000 $PSF $2,139 DOM 4 DOM START $ $5,999,000 START 09/18/20
Address 936 8th Street BD/BA 7br/8ba SQFT 6692 sqft LOT 6502 PRICE $8,000,000 $PSF $1,195 DOM 5 DOM START $ $8,000,000 START 09/17/20
Address 220 13th Street BD/BA 7br/6ba SQFT 3275 sqft LOT 2673 PRICE $4,749,000 $PSF $1,450 DOM 11 DOM START $ $4,749,000 START 09/11/20
Address 637 17th Street BD/BA 6br/5ba SQFT 3514 sqft LOT 4870 PRICE $4,195,000 $PSF $1,194 DOM 11 DOM START $ $4,390,000 START 09/11/20
Address 235 4th Street BD/BA 4br/6ba SQFT 4135 sqft LOT 2478 PRICE $7,250,000 $PSF $1,753 DOM 12 DOM START $ $7,250,000 START 09/10/20
Address 205 20th Street BD/BA 4br/6ba SQFT 4747 sqft LOT 2697 PRICE $10,500,000 $PSF $2,212 DOM 13 DOM START $ $10,500,000 START 09/09/20
Address 1731 Ruhland BD/BA 5br/5ba SQFT 5020 sqft LOT 7500 PRICE $4,199,000 $PSF $836 DOM 18 DOM START $ $4,199,000 START 09/04/20
Address 4114 The Strand BD/BA 4br/6ba SQFT 2250 sqft LOT 3507 PRICE $5,495,000 $PSF $2,442 DOM 32 DOM START $ $5,495,000 START 08/21/20
Address 912 10th Street BD/BA 5br/5ba SQFT 4332 sqft LOT 7504 PRICE $4,649,000 $PSF $1,073 DOM 33 DOM START $ $4,649,000 START 08/20/20
Address 1515 Gates Avenue BD/BA 5br/7ba SQFT 6570 sqft LOT 7496 PRICE $5,995,000 $PSF $912 DOM 34 DOM START $ $5,995,000 START 08/19/20
Address 440 6th Street BD/BA 6br/6ba SQFT 4144 sqft LOT 2700 PRICE $5,695,000 $PSF $1,374 DOM 35 DOM START $ $5,695,000 START 08/18/20
Address 409 30th Street BD/BA 4br/5ba SQFT 2798 sqft LOT 1754 PRICE $4,249,000 $PSF $1,519 DOM 40 DOM START $ $4,249,000 START 08/13/20
Address 1406 Laurel Avenue BD/BA 5br/6ba SQFT 4552 sqft LOT 5992 PRICE $4,195,000 $PSF $922 DOM 40 DOM START $ $4,195,000 START 08/13/20
Address 1208 The Strand B BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,699,000 $PSF $3,949 DOM 41 DOM START $ $4,999,000 START 08/12/20
Address 633 11th Street BD/BA 5br/7ba SQFT 5200 sqft LOT 5664 PRICE $6,950,000 $PSF $1,337 DOM 51 DOM START $ $7,450,000 START 08/01/20
Address 1246 10th Street BD/BA 6br/6ba SQFT 7000 sqft LOT 7503 PRICE $4,895,000 $PSF $699 DOM 55 DOM START $ $4,895,000 START 07/29/20
Address 3412 Palm Avenue BD/BA 6br/6ba SQFT 5650 sqft LOT 6154 PRICE $5,995,000 $PSF $1,061 DOM 59 DOM START $ $5,995,000 START 07/25/20
Address 412 8th Street BD/BA 5br/6ba SQFT 4424 sqft LOT 2707 PRICE $6,349,000 $PSF $1,435 DOM 61 DOM START $ $6,349,000 START 07/23/20
Address 1516 The Strand BD/BA 4br/4ba SQFT 4953 sqft LOT 3330 PRICE $18,900,000 $PSF $3,816 DOM 64 DOM START $ $18,900,000 START 07/20/20
Address 232 16th Street BD/BA 5br/5ba SQFT 4402 sqft LOT 2694 PRICE $6,495,000 $PSF $1,475 DOM 65 DOM START $ $6,495,000 START 07/09/20
Address 224 32nd Street BD/BA 4br/5ba SQFT 4367 sqft LOT 2698 PRICE $7,499,000 $PSF $1,717 DOM 67 DOM START $ $7,499,000 START 07/17/20
Address 2612 Highland Avenue BD/BA 4br/5ba SQFT 2745 sqft LOT 0 PRICE $5,699,000 $PSF $2,076 DOM 73 DOM START $ $5,699,000 START 07/11/20
Address 848 11th Street BD/BA 6br/6ba SQFT 4613 sqft LOT 6002 PRICE $4,590,000 $PSF $995 DOM 76 DOM START $ $4,590,000 START 07/08/20
Address 325 9th Street BD/BA 5br/5ba SQFT 4093 sqft LOT 2686 PRICE $5,899,000 $PSF $1,441 DOM 81 DOM START $ $5,899,000 START 07/03/20
Address 844 10th Street BD/BA 5br/6ba SQFT 4556 sqft LOT 6002 PRICE $4,595,000 $PSF $1,009 DOM 86 DOM START $ $4,895,000 START 06/21/20
Address 511 Pacific Avenue BD/BA 5br/9ba SQFT 7961 sqft LOT 9355 PRICE $7,950,000 $PSF $999 DOM 91 DOM START $ $7,950,000 START 06/23/20
Address 2600 Vista Drive BD/BA 5br/5ba SQFT 3775 sqft LOT 2702 PRICE $4,100,000 $PSF $1,086 DOM 95 DOM START $ $4,349,000 START 06/19/20
Address 229 8th Street BD/BA 5br/6ba SQFT 4145 sqft LOT 2703 PRICE $8,495,000 $PSF $2,049 DOM 96 DOM START $ $8,799,000 START 06/18/20
Address 429 5th Street BD/BA 5br/4ba SQFT 3255 sqft LOT 2703 PRICE $4,595,000 $PSF $1,412 DOM 98 DOM START $ $4,895,000 START 06/16/20
Address 592 30th Street BD/BA 5br/7ba SQFT 4648 sqft LOT 4804 PRICE $4,699,000 $PSF $1,011 DOM 106 DOM START $ $4,699,000 START 06/05/20
Address 1920 The Strand BD/BA 5br/7ba SQFT 5574 sqft LOT 3340 PRICE $16,900,000 $PSF $3,032 DOM 123 DOM START $ $16,900,000 START 05/22/20
Address 1215 Fisher Avenue BD/BA 5br/6ba SQFT 5400 sqft LOT 3000 PRICE $6,955,000 $PSF $1,288 DOM 124 DOM START $ $6,995,000 START 05/21/20
Address 125 8th Street BD/BA 5br/6ba SQFT 4083 sqft LOT 2681 PRICE $7,995,000 $PSF $1,958 DOM 126 DOM START $ $8,495,000 START 05/19/20
Address 577 31st Street BD/BA 5br/6ba SQFT 4369 sqft LOT 5025 PRICE $4,479,000 $PSF $1,025 DOM 130 DOM START $ $4,479,000 START 05/15/20
Address 617 31st Street BD/BA 7br/8ba SQFT 5084 sqft LOT 5019 PRICE $5,299,000 $PSF $1,042 DOM 139 DOM START $ $5,495,000 START 05/06/20
Address 2615 Crest Drive BD/BA 3br/6ba SQFT 3216 sqft LOT 1752 PRICE $6,199,000 $PSF $1,928 DOM 144 DOM START $ $6,499,000 START 05/01/20
Address 200 15th Street BD/BA 7br/6ba SQFT 3084 sqft LOT 2844 PRICE $4,699,000 $PSF $1,524 DOM 153 DOM START $ $4,950,000 START 04/22/20
Address 201 15th Street BD/BA 6br/3ba SQFT 2093 sqft LOT 2701 PRICE $4,299,000 $PSF $2,054 DOM 153 DOM START $ $4,550,000 START 04/22/20
Address 129 38th Street BD/BA 6br/9ba SQFT 3720 sqft LOT 2701 PRICE $4,475,000 $PSF $1,203 DOM 154 DOM START $ $4,475,000 START 04/21/20
Address 453 31st Street BD/BA 5br/6ba SQFT 4302 sqft LOT 2700 PRICE $4,695,000 $PSF $1,091 DOM 162 DOM START $ $4,795,000 START 03/13/20
Address 3400 The Strand BD/BA 5br/6ba SQFT 5478 sqft LOT 3502 PRICE $14,900,000 $PSF $2,720 DOM 196 DOM START $ $15,900,000 START 03/10/20
Address 1804 The Strand BD/BA 5br/5ba SQFT 3994 sqft LOT 3329 PRICE $13,999,000 $PSF $3,505 DOM 224 DOM START $ $18,500,000 START 02/11/20
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $4,995,000 $PSF $1,031 DOM 249 DOM START $ $5,495,000 START 08/21/19
Address 2016 Ocean Drive BD/BA 5br/6ba SQFT 5739 sqft LOT 2698 PRICE $14,000,000 $PSF $2,439 DOM 379 DOM START $ $14,000,000 START 09/09/19
Address 116 4th Street BD/BA 4br/5ba SQFT 4226 sqft LOT 2692 PRICE $11,900,000 $PSF $2,816 DOM 384 DOM START $ $15,900,000 START 08/06/19

 

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