Manhattan Beach.. Market Snapshot

So far 2007 is a lot different from 2006. If you want to buy in Manhattan Beach you know that inventory is very low particularly  in the $2,000,000 or less range. There are only  87 single family homes for sale in Manhattan Beach and less then 20 condos. 

These are the stats for price for single family homes in Manhattan Beach:

         $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 what is available in each neighborhood:

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

Currently there are 56 homes pending ( price not released) the median price is $1,995,000

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