Here’s an update on luxury homes priced at or above $3,000,000 in Manhattan Beach, CA.
3 Manhattan Beach luxury homes sold during September 2015. All three were single family detached homes.
8 Manhattan Beach luxury homes are in escrow with accepted offers.
43 Manhattan Beach luxury homes are currently for sale.
The luxury market in Manhattan Beach has cooled in recent months. A quick glance at the available inventory and absorption rate reveal a five month supply of homes. This moves the luxury home market in Manhattan Beach into neutral territory after several years of being firmly entrenched in a sellers’ market. The could be the buying signal prospective buyers want.
The Yellow Dot Market Snapshot is for all price ranges in each area. There are markets within markets, and when we breakout the luxury market in Manhattan Beach the numbers fall in the neutral zone.
For help in finding the right luxury home for you in Manhattan Beach contact Norma Toering 310.493.8333 or Josh Toering 310.525.9440. We track the market so you don’t have to.
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