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

Welcome To This Quintessential Manhattan Beach ...

OPEN HOUSE

901 28th Street

Manhattan Beach, CA

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

$6,249,000

Active

DOM: 45

Price:
$6,249,000
BR/BA:
6br / 8ba
Sq. ft.:
5,648
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
45
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 701 Bayview Drive BD/BA 3br/4ba SQFT 2437 sqft LOT 3118 PRICE $5,149,000 $PSF $2,113 DOM 2 DOM START $ $5,149,000 START 05/20/22
Address 459 35th Street BD/BA 8br/5ba SQFT 4586 sqft LOT 5409 PRICE $7,500,000 $PSF $1,635 DOM 2 DOM START $ $7,500,000 START 05/20/22
Address 1208 The Strand A BD/BA 2br/2ba SQFT 1190 sqft LOT 3317 PRICE $4,999,000 $PSF $4,201 DOM 3 DOM START $ $4,999,000 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 3 DOM START $ $4,000,000 START 05/19/22
Address 3000 The Strand BD/BA 3br/4ba SQFT 3949 sqft LOT 3514 PRICE $17,000,000 $PSF $4,305 DOM 4 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 6 DOM START $ $4,195,000 START 05/16/22
Address 1404 Manhattan Avenue BD/BA 2br/2ba SQFT 869 sqft LOT 2987 PRICE $4,999,000 $PSF $5,753 DOM 9 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 10 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 10 DOM START $ $4,699,000 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 10 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 11 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 11 DOM START $ $4,900,000 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 12 DOM START $ $5,195,000 START 05/10/22
Address 200 S Poinsettia Avenue BD/BA 6br/6ba SQFT 5061 sqft LOT 6256 PRICE $7,999,999 $PSF $1,581 DOM 25 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 26 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 31 DOM START $ $14,995,000 START 04/21/22
Address 3312 Palm BD/BA 5br/6ba SQFT 3599 sqft LOT 4633 PRICE $4,699,000 $PSF $1,306 DOM 44 DOM START $ $4,699,000 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 45 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 48 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 57 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 61 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 62 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 81 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 87 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 94 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 121 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 122 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 235 DOM START $ $16,499,000 START 09/29/21

 

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