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 New, Breath-taking Modern Farmh...

OPEN HOUSE

641 27th Street

Manhattan Beach, CA

  • 5 BR
  • 6 BA
  • 4,697 SqFt.
  • 4,800 Lot

$6,149,000

Active

DOM: 3

Price:
$6,149,000
BR/BA:
5br / 6ba
Sq. ft.:
4,697
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
3

Auction: Bid October 20-25. Previously Offered ...

OPEN HOUSE

1400 19th St

Manhattan Beach, CA

  • 5 BR
  • 5 BA
  • 4,301 SqFt.
  • 6,942 Lot

$4,000,000

Active

DOM: 20

Price:
$4,000,000
BR/BA:
5br / 5ba
Sq. ft.:
4,301
Area:
146 - Manhattan Bch Heights/Lib Vlg
City:
Manhattan Beach
DOM:
20

New Stunning Coastal Modern Beach Townhome With...

OPEN HOUSE

2605 Vista Drive

Manhattan Beach, CA

  • 4 BR
  • 4 BA
  • 2,678 SqFt.
  • N/A Lot

$4,699,000

Active

DOM: 61

Price:
$4,699,000
BR/BA:
4br / 4ba
Sq. ft.:
2,678
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
61

Dream Location In This Beautifully Updated Home...

RECENT PRICE CUT

317 8th Street

Manhattan Beach, CA

  • 3 BR
  • 3 BA
  • 2,176 SqFt.
  • 2,695 Lot

$4,299,000

Active

DOM: 88

Price:
$4,299,000
BR/BA:
3br / 3ba
Sq. ft.:
2,176
Area:
142 - Manhattan Bch Sand
City:
Manhattan Beach
DOM:
88

Welcome To This Quintessential Manhattan Beach ...

RECENT PRICE CUT

901 28th Street

Manhattan Beach, CA

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

$5,999,000

Active

DOM: 180

Price:
$5,999,000
BR/BA:
6br / 8ba
Sq. ft.:
5,648
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
180
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 641 27th Street BD/BA 5br/6ba SQFT 4697 sqft LOT 4800 PRICE $6,149,000 $PSF $1,309 DOM 3 DOM START $ $6,149,000 START 09/30/22
Address 340 6th Street BD/BA 5br/5ba SQFT 3842 sqft LOT 2694 PRICE $8,500,000 $PSF $2,212 DOM 3 DOM START $ $8,500,000 START 09/30/22
Address 2522 The Strand BD/BA 3br/3ba SQFT 2660 sqft LOT 3498 PRICE $8,500,000 $PSF $3,195 DOM 5 DOM START $ $8,900,000 START 09/28/22
Address 4406 The Strand BD/BA 2br/3ba SQFT 2138 sqft LOT 3506 PRICE $5,249,000 $PSF $2,455 DOM 5 DOM START $ $5,249,000 START 09/28/22
Address 232 2nd Street BD/BA 3br/4ba SQFT 2020 sqft LOT 1355 PRICE $4,595,000 $PSF $2,275 DOM 11 DOM START $ $4,595,000 START 09/22/22
Address 1400 19th St BD/BA 5br/5ba SQFT 4301 sqft LOT 6942 PRICE $4,000,000 $PSF $930 DOM 20 DOM START $ $4,000,000 START 09/13/22
Address 4016 The Strand BD/BA 4br/5ba SQFT 3578 sqft LOT 1746 PRICE $8,895,000 $PSF $2,486 DOM 21 DOM START $ $8,895,000 START 09/12/22
Address 316 28th Street BD/BA 4br/5ba SQFT 3450 sqft LOT 2220 PRICE $8,795,000 $PSF $2,549 DOM 21 DOM START $ $8,795,000 START 09/12/22
Address 445 33rd Street BD/BA 5br/5ba SQFT 4353 sqft LOT 2702 PRICE $7,495,000 $PSF $1,722 DOM 27 DOM START $ $7,495,000 START 09/06/22
Address 472 29th Street BD/BA 5br/6ba SQFT 4603 sqft LOT 2998 PRICE $4,495,000 $PSF $977 DOM 27 DOM START $ $4,495,000 START 09/06/22
Address 124 2nd Street BD/BA 3br/2ba SQFT 1750 sqft LOT 2707 PRICE $6,875,000 $PSF $3,929 DOM 33 DOM START $ $6,875,000 START 08/31/22
Address 1300 11th Street BD/BA 5br/5ba SQFT 4007 sqft LOT 7863 PRICE $4,995,000 $PSF $1,247 DOM 36 DOM START $ $4,995,000 START 08/27/22
Address 219 N Dianthus Street BD/BA 4br/4ba SQFT 3300 sqft LOT 3352 PRICE $4,100,000 $PSF $1,242 DOM 38 DOM START $ $4,300,000 START 08/26/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 52 DOM START $ $5,200,000 START 08/12/22
Address 500 N Poinsettia Avenue BD/BA 5br/8ba SQFT 8389 sqft LOT 10128 PRICE $22,000,000 $PSF $2,622 DOM 52 DOM START $ $22,000,000 START 08/12/22
Address 400 10th Street BD/BA 4br/3ba SQFT 2964 sqft LOT 2711 PRICE $4,999,000 $PSF $1,687 DOM 52 DOM START $ $5,200,000 START 08/12/22
Address 319 S Dianthus Street BD/BA 5br/7ba SQFT 5685 sqft LOT 5953 PRICE $12,999,000 $PSF $2,287 DOM 53 DOM START $ $12,999,000 START 08/11/22
Address 3203 Vista Drive BD/BA 5br/5ba SQFT 3178 sqft LOT 1751 PRICE $6,499,000 $PSF $2,045 DOM 54 DOM START $ $6,750,000 START 08/10/22
Address 2605 Vista Drive BD/BA 4br/4ba SQFT 2678 sqft LOT 3496 PRICE $4,699,000 $PSF $1,755 DOM 61 DOM START $ $4,699,000 START 08/03/22
Address 733 12th Street BD/BA 5br/6ba SQFT 4383 sqft LOT 3005 PRICE $4,995,000 $PSF $1,140 DOM 61 DOM START $ $4,995,000 START 08/03/22
Address 724 13th Street BD/BA 6br/7ba SQFT 4844 sqft LOT 2999 PRICE $5,695,000 $PSF $1,176 DOM 66 DOM START $ $5,695,000 START 07/29/22
Address 1908 The Strand BD/BA 3br/3ba SQFT 1733 sqft LOT 3314 PRICE $14,395,000 $PSF $8,306 DOM 69 DOM START $ $14,395,000 START 07/26/22
Address 216 4th Street BD/BA 3br/5ba SQFT 2754 sqft LOT 1350 PRICE $6,995,000 $PSF $2,540 DOM 76 DOM START $ $7,499,000 START 06/29/22
Address 931 1st Street BD/BA 2br/1ba SQFT 948 sqft LOT 9595 PRICE $6,500,000 $PSF $6,857 DOM 81 DOM START $ $7,300,000 START 07/14/22
Address 119 S Dianthus Ave. BD/BA 3br/2ba SQFT 2364 sqft LOT 6239 PRICE $5,899,000 $PSF $2,495 DOM 83 DOM START $ $5,899,000 START 07/12/22
Address 317 8th Street BD/BA 3br/3ba SQFT 2176 sqft LOT 2695 PRICE $4,299,000 $PSF $1,976 DOM 88 DOM START $ $4,575,000 START 07/07/22
Address 800 N Poinsettia Avenue BD/BA 4br/4ba SQFT 2900 sqft LOT 7201 PRICE $4,999,999 $PSF $1,724 DOM 95 DOM START $ $4,999,999 START 06/30/22
Address 308 The Strand BD/BA 6br/8ba SQFT 6978 sqft LOT 3336 PRICE $36,000,000 $PSF $5,159 DOM 102 DOM START $ $36,000,000 START 05/26/22
Address 3404 The Strand BD/BA 8br/8ba SQFT 5568 sqft LOT 3507 PRICE $13,989,000 $PSF $2,512 DOM 110 DOM START $ $14,250,000 START 06/15/22
Address 113 S Dianthus BD/BA 3br/1ba SQFT 1194 sqft LOT 6250 PRICE $5,299,000 $PSF $4,438 DOM 111 DOM START $ $5,600,000 START 06/14/22
Address 114 N Poinsettia Avenue BD/BA 6br/6ba SQFT 6400 sqft LOT 6753 PRICE $8,499,000 $PSF $1,328 DOM 116 DOM START $ $9,200,000 START 06/09/22
Address 2415 Manhattan Avenue BD/BA 3br/5ba SQFT 4275 sqft LOT 2705 PRICE $10,500,000 $PSF $2,456 DOM 123 DOM START $ $10,995,000 START 06/02/22
Address 459 35th Street BD/BA 5br/4ba SQFT 3552 sqft LOT 2701 PRICE $4,199,000 $PSF $1,182 DOM 136 DOM START $ $7,500,000 START 05/20/22
Address 2521 Alma Avenue BD/BA 5br/4ba SQFT 3423 sqft LOT 4052 PRICE $4,000,000 $PSF $1,169 DOM 137 DOM START $ $4,000,000 START 05/19/22
Address 3000 The Strand BD/BA 3br/4ba SQFT 3949 sqft LOT 3514 PRICE $15,500,000 $PSF $3,925 DOM 138 DOM START $ $17,000,000 START 05/18/22
Address 621 36th Street BD/BA 5br/5ba SQFT 4066 sqft LOT 5404 PRICE $5,195,000 $PSF $1,278 DOM 146 DOM START $ $5,195,000 START 05/10/22
Address 901 28th Street BD/BA 6br/8ba SQFT 5648 sqft LOT 6006 PRICE $5,999,000 $PSF $1,062 DOM 180 DOM START $ $6,249,000 START 04/07/22
Address 845 11th Street BD/BA 5br/5ba SQFT 4315 sqft LOT 9938 PRICE $5,999,000 $PSF $1,390 DOM 196 DOM START $ $7,000,000 START 03/17/22
Address 235 N Dianthus Street BD/BA 5br/5ba SQFT 5152 sqft LOT 6501 PRICE $6,499,000 $PSF $1,261 DOM 228 DOM START $ $8,000,000 START 02/17/22
Address 3216 The Strand BD/BA 5br/8ba SQFT 7454 sqft LOT 3494 PRICE $30,000,000 $PSF $4,025 DOM 256 DOM START $ $30,000,000 START 01/20/22

 

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