Manhattan Beach... Where are the Listings?

If you are house hunting in Manhattan Beach you know that inventory is very limited especially in the $2,000,000 or less range. On February 12, 2007 there were 97 homes for sale in Manhattan Beach. Today there are 87.

Here is how they break out based on price:

• $0-$1,000,000 ( 5 properties for sale )


• $1,000,000-$2,000,000 ( 31 properties for sale )


• $2,000,000-$3,000,000 ( 35 properties for sale )


• $3,000,000-$4,000,000 (13 properties for sale )


• $5,000,000 or more (3 properties for sale )

This is the break out by area:

Sand Section ( Area 42) 20 homes

Tree Section (Area 43) 29 homes

Hill Section ( Area 44) 9 homes

Manhattan Village (Area 45) 1 home

Manhattan Heights (Area 46) 11 homes

Mira Costa ( Area 47) 17 homes

There are 56 homes pending ( in escrow.. price not released) median price is $1,995,000

30 homes have closed escrow since February 1, 2007 with a median price of $1,787,000

I suspect the February numbers for the price of homes in Manhattan Beach will be significantly higher then those posted for January. If inventory continues to decline you will see a very different market in May of 2007