It’s a bit too early to determine just how much Covid 19 will impact the real estate market in the South Bay, so the information below will certainly change as March numbers start coming in. As you can see from the chart below the number of new listings dropped dramatically at the end of 2019 with a rebound seeming to be taking hold in 2020. These numbers will inevitably drop given the situation in the world and real estate.
The chart below shows the total number of homes “for sale” each month (light green) along with the number of sold homes (dark green) and the homes that entered escrow (red line)
The chart below shows the average days on market (orange bar) and the percentage of sale price compared with the original list price. Notice that for the past 15 months homes have sold for very close to full price.
saw a low point with only 267 pending sales. It’s gone up dramaticallywith 366 pending sales in January and 503 homes in February. 
different market. Homes often sit for years without selling due, in no small part, to being overpriced. As of 3/11 there are 7 homes now on the market on this beachfront stretch of Manhattan Beach with the newest listing located at 3004 The Strand. This is an older home that we’re excited to see as it’s unusual architecture and we’ve been wondering about this one for years. While it’s an older home it’s not priced at lot value and given the square footage this one might be a bit tough. It’s a 4 bedroom, 4 bath, with 3,348 sqft on a 3,489 sqft lot. Given that the last lot value sale was at $8.25M this one is one of those “tweener” homes (not clearly a tear down and not the modern home Strand buyers are generally wanting) so it will be one to keep a close eye on. It’s priced at $9,495,000.