June was the first month in awhile where new listings significantly outpaced pending sales west of Sepulveda in Manhattan Beach.
The web-site Manhattan Beach Confidential recorded 30 new listings and 20 pending sales (new escrows) for the whole month among Single Family Residences “SFR’s”.
When you look at the 2- week period from June 16-30, the imbalance is more noticeable with 17 new listings, and only 8 pended sales. It should be noted that during this period, many people were on vacation or preparing for the 4th of July weekend.
Total inventory was at 83 SFRs west of Sepulveda, up 4 from the end of May, a figure that would have been higher but for 5 cancellations in the second half of June.
Thanks to Manhattan Beach Confidential for being a great source of South Bay news.