MB Market Update: 5/1/15

Wednesday, May 6th, 2015

It's time for one of our twice-monthly updates on the Manhattan Beach real estate market. 

We'll take note, first of all, of some discounts sellers took. Yes, discounts from list price are so rare as to qualify as front-page news.

One was at 1801 Palm (5br/5ba, 3900 sqft.), a corner-lot house on one of the truly great streets of the Tree Section more or less in the Martyrs neighborhood.

Listed early this year at $3.150M, it lingered. If you're nearly alone in this market, with a big house in a good location, you might nearly panic as the DOM tick upwards, as they did here – reaching 67 DOM, officially, before a deal was made. (It was about 6 weeks on-market plus some time in "backup offer" status, which tolls DOM also.)

The final sale price,…

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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 May 6th, 2015 at 12:19pm 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.