MB Market Update for 7/1/15

Wednesday, July 1st, 2015

It's time for one of our twice-monthly market updates. 

Inventory bounced up a little, but there have been plenty of sales – some quick and shocking.

This being Summer, it's natural to look at the beach and see what's up in the Sand Section.

Oh, my, did $12M worth of lots just trade at Bruce's Beach?

2520 Manhattan Ave. and 2519 Bayview, neighboring 1750 sqft. lots on the south side of the park, both listed in late June at $4.000M each. Immediate deals were rung up. Wow.

The stage was set for these deals with a recent sale at 217 27th, on the north side of the park. A lot there traded for $4.100M, about $100K over asking, in late May. That seems to have been something of an inspiration to the owners of those two lots right across, on the south

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Manhattan Beach Real Estate

Manhattan Beach Confidential brims with information about Manhattan Beach real estate. Launched in 2007, MBC provides the best search tools, data and analysis on the local housing market that you'll find.

If you're in the market, try our preset searches to find listings within the various Manhattan Beach neighborhoods. If you're tracking the market, we offer several resources for your research: check our long-running real estate blog, browse sold-property data, see our twice-monthly MB Market Updates, or, daily, watch the MB Property Ticker and the MB Dashboard.

Any time, you can contact MBC producer Dave Fratello if you have questions or need any assistance with your Manhattan Beach real estate needs. (Here's what Dave's clients have had to say about working with him.) Thanks for visting!

The Blog

Based on information from California Regional Multiple Listing Service, Inc. as of July 3rd, 2015 at 4:40pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.