MB Market Update for 5/1/16

Tuesday, May 3rd, 2016

The second half of April saw a drop in inventory below 100 for a short time, though the month ended at 103 listings.

At the same time last year, there were 56 active listings. (See our 5/1/15 update here.)

3009 North Poinsettia Avenue Manhattan Beach CAThere was a lot to say about the Tree Section during this period. For instance, note the big sale of a custom Cape Cod at 3009 N. Poinsettia (4br/4ba, 3600 sqft.) at $3.700M – well over $1,000/PSF.

That number bested the $3.500M secured by the smaller new construction just a couple of blocks away at 3101 Maple (5br/5ba, 3200 sqft.) early this year.

3521 Walnut Avenue Manhattan Beach CADuring this same period, two more large and new/newer Tree Section homes east of Pacific and north of Valley also closed, but for much less: 3113 Walnut (5br/5ba, 3320 sqft.) at $3.180M and 3521

Recent Blog Posts

Weekend Opens (4/30-5/1/16)

Posted by Dave Fratello on Saturday, April 30th, 2016 at 11:20am.

There are 37 listings holding open houses this weekend, down from 49 last week. Inventory is still…

Clearing Out the Trees

Posted by Dave Fratello on Thursday, April 28th, 2016 at 1:06pm.

In less than 2 weeks, inventory in the Tree Section has dropped quickly – mostly due to new…

Big Adjustments to…

Posted by Dave Fratello on Tuesday, April 26th, 2016 at 12:07pm.

It was somewhat more than a year ago when we expressed surprise at how 1304 Lynngrove was being…

Weekend Opens (4/23-4/24/16)

Posted by Dave Fratello on Saturday, April 23rd, 2016 at 10:40am.

There's no shortage at all of open houses in Manhattan Beach this weekend. What's curious, though,…

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Manhattan Beach Confidential brims with information about Manhattan Beach real estate. Launched in 2007, MBC provides the best home 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 in specific Manhattan Beach neighborhoods. For tracking the market, we offer several resources: 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. You can easily find a current list of open houses here, too (it's mobile-friendly).

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The Blog

Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2016 at 6:35am 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.