Manhattan Beach Market Update: 1/15/15

By Dave Fratello | January 16th, 2015

We've already heard people fretting about the pinched real estate inventory situation in Manhattan Beach.

Folks, it's January. It gets better.

Meantime, enjoy the warm days, clear skies and spectacular sunsets while the East Coast freezes.

It's time for one of our twice-monthly updates on Manhattan Beach real estate market activity, with updated spreadsheets on inventory and sales.

Here's our market update report from the period ending 1/15/15:

  • 31 active listings as of 1/15/15 (+2 from 1/15)
  • 23 SFRs (+5)
  • 8 THs (-3)

Don't fret! Super Bowl weekend is coming, and with it, lots more.

See the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 9 actives
  • Sand Section: 10 actives 
  • Hill Section: 3 actives 
  • East MB: 9 actives 

109 Bayview Drive Manhattan Beach CAWe're also providing a report on closed sales by region of MB.

Sales are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 1/15/15."

In our report on closed sales, we provide the past 6 months' worth of sales by region. This is the typical window of time used by appraisers. The spreadsheets are useful to anyone tracking the market or trying to estimate the value of a home for purchase or sale.

The headliner for this period was definitely the resale of 109 Bayview (pictured) at $3.250M. This was an off-market sale of a property that traded only 14 months prior for $2.600M. We discussed that sale in more detail in "Bayview Building Goes Bananas" earlier this week.

Please see our blog disclaimer.

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