According to the MLS, the Manhattan Beach residential real estate market closed 32 escrows in July.
During this time, however, the market median sales price dropped $745K or 31%.
Although listings jumped 8.9% from June to July this was offset by a 8.6% decline in total sales, resulting in a 15.9% shaving of the sales/listing ratio.
Finally, a review of the year-over-year months of inventory shows a 36.4% rise from July 2014 to July 2015.
To get the complete Manhattan Beach market report for July please contact Hady at or click here to submit a request.