Here are the April 2008 year-to-date (YTD) real estate market facts for Manhattan Beach:

2008 Sales for Manhattan Beach

• January           13
• February          15
• March              21
• April                 28

2008 Average Days on Market for Manhattan Beach

• January           82
• February          39
• March              82
• April                 62

2008 Pct Sold/List Price for Manhattan Beach

• January           95
• February          96
• March              96
• April                 96

2008 Months of Inventory for Manhattan Beach

• January           8.1
• February          9.1
• March              7
• April                 5.4

2008 Summary YTD for Manhattan Beach (May 1, 2008)

The number of home sales in Manhattan Beach have been on a consistent increase since the beginning of the year.  This is expected to continue into the summer.

The Average Days on Market have been jumping all over the place, with no obvious trend visible.  With this inconsistency, sellers in Manhattan Beach should err on the side of caution and list their homes 4-5 months before they need to sell them.

The list price vs. sold price remains pretty consistent, showing that listing prices are being chosen very consistently, and close to what the market is dictating.

With the increase in home sales, inventory is on the decrease. 

If you are looking to buy or sell a home Manhattan Beach, I would be happy to share additional market information with you.  Please contact me at tiffany.wilson@shorewood.com or 310-503-0557.

Tiffany D. Wilson has lived in the South Bay of Los Angeles County for almost 10 years.  She and her family enjoy the safety and rich family features that the beach communities of the South Bay have to offer, including a close and neighborly community.  Also, having experienced an out-of-country move to California over 10 years ago, she is perfectly positioned to assist foreign buyers in their search for real estate in the South Bay and additional surrounding communities of Los Angeles and Orange County.  She can be reached directly at 310-503-0557 or tiffany.wilson@shorewood.com.