Manhattan Beach Market Report, August '07 (SFR Only)

This report was compiled at 0500 (PDT) on Sept. 5, 2007.  As always, please allow me to be clear, these stats are based on Status dates, not List dates.

Averages for August (8/01/07-8/31/07), 2007:

Average Price: $1,895,016 with a low of $760,000 and a high of $4,175,000

Cost Per Sq Ft: $828.59

Days on Market: 62

Total closed units (SFR Only) 31

By comparison, there were 39 closed sales during the same time frame in 2006.  The averages for August '06 are as follows:

Average Price: $1,953,.503 with a low of $869,000 and a high of $4,100,000

Cost Per Sq Ft:  $814.51

Days on Market: 66

In addition to this year's closed sales, there are 111 Active listings

Finally, there are eleven homes in escrow, ranging from $699,000 to $4,699,000, $814.99 CPSF, and 29 DOM.

For information regarding condos, townhomes, or, for a market analysis specific to your property, please feel free to contact me today.  I'm here to help!

The information presented here is deemed reliable, though not guaranteed.