Fall Is Bustling – Manhattan Beach Market Update for 10/15/24

The Fall selling season in Manhattan Beach is often the second-busiest part of the year.

Here in 2024, Fall is not disappointing.

The leaves are rustling, and the sales are bustling.

The number of new escrows opened in the first 6 weeks of the season – September 1 through Oct. 15 – was nearly double the total from last year, at 45 new deals, compared to a measly 23 in dreadful '23.

And 45 deals looks a great deal like the pre-pandemic pace for new purchase contracts, being slightly better than 2017 and 2018 (41 and 43 deals, respectively) and near to 2019's 48 deals.

This recent sales pace means 2024 will certainly surpass 2023's woeful, record-low sales totals in Manhattan Beach. The data even suggest a convincing surge for 4th-quarter sales, after both Q2 and Q3 actually fell behind the 2023 pace. (See "Q3 Stats: Flat, With a Hint of Spice.")

Now let's see how the second half of October goes.

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Here's the rest of our local real estate market update report for the period ending 10/15/24:

> 72 active listings as of 10/15/24 (-7 from 9/30/24) 

> 57 SFRs (+1)

> 15 THs (-8)

See the Inventory list as of 10/15/24 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

> Tree Section: 14 actives (+5)

> Sand Section: 34 actives (-7)

> Hill Section: 9 actives (-1)

> East MB: 15 actives (-4)

We're also providing a report on closed sales by region of MB.

Sales data, including PPSF for all properties, are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 10/15/24".