The pace of Single Family Residence (“SFR”) sales slowed down a bit in the first half of this month, with 7 homes going into escrow. For comparison, in the whole month of March, we saw 24 homes go into escrow.
Inventory has hit the market at about the same pace as March, with 14 new listings in the first part of April – March saw 27 for the whole month. Please note this is just a two week look at SFR sales. Total inventory moved up by 4 listings over the end of March to 85 SFRs total at mid-month. Still pretty lean in comparison to Westside area like Santa Monica and Pacific Palisades. The Sand and Tree sections each have 35 listings while the Hill checks in with 15.
(*sources: Manhattan Beach Confidential, MLS)