Manhattan Beach Market Update: (3/1/15)

By Dave Fratello | March 3rd, 2015

A couple of typos made the Manhattan Beach real estate market look a bit weird in this past week.

3011 Elm Avenue Manhattan Beach CAIn maybe a glimpse of a future our kids or grandkids may see, 3011 Elm sold for a price (initially) reported as $32,125,000.

We like the Spanish "courtyard" home just fine, but for a 5br/5ba, 3600 sq. ft. house on a quiet, tree-lined block far from The Strand, that price made no sense. Not even in this market.

Alas, there was an extra "0" typed in, which was fixed 3-4 days later. Actual price: $3,212,500.

Now, this house will sell again. It's already sold 4 times in 10 years. This is the highest price yet. Even without the extra zero.

2413 John Street Manhattan Beach CAMeantime, in a window into the past, 2413 John (4br/2ba, 1900 sq. ft.) sold for $1,145,000

Well, that's what the MLS said for a couple of days.

Funny, because the land alone is arguably worth $1.8-$1.9M.

But no, that was just a case of a missed key, not a year 2000 price on a year 2015 sale.

The '2' key is right there next to the '1.' Easy to hit the wrong one sometimes. They fixed the price to say $2,145,000 eventually.

Now, we could ask if some of the newest stratospheric asking prices out there are typos, also... time will tell.

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 3/1/15:

  • 42 active listings as of 3/1/15 (-2 from 2/15)
  • 32 SFRs (-3)
  • 10 THs (+1)

See the inventory list as of 3/1 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section13 actives
  • Sand Section13 actives 
  • Hill Section: 4 actives 
  • East MB12 actives 

We'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 3/1/15."

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