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What’s New in These $4M+ East MB Sales
It took a long time for any East Manhattan Beach homes on typically sized lots to sell over $4M. The first time it happened was in 2019. Then, it happened 6 more times before year-end 2020. All of those homes were new construction. Six more times from 2021 through early 2022, new, or at least […]
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Months of Supply Trending Up (Slightly)
The market was moving so fast, with so little inventory, back in February this year, that we saw a recent record low for “months of supply. The measure “months of supply” takes into account the pace and number of homes going into escrow, and estimates how long it would take to sell every listing on […]
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First Half Home Sales Slowed, DOM Halved
With the onset of July comes the chance to review statistics for the first half of the year. To call the first half of 2022 a mixed bag would be fair. Two trends seem to suggest completely different stories, as we shall see. Let’s look first at the number of homes actually sold in Manhattan […]
