Manhattan Beach Market Update for 12/15/21

By Dave Fratello | December 16th, 2021

The market was slower this first part of December, to no great surprise.

We did note on the blog that one of the current DOM champs has now been absorbed, and there was at least one compelling new listing that emerged this week at the "wrong" time of year: lovely 1300 8th (4br/4b, 2780 sqft., $2.989M).

But mostly now, this is a time for packing and heading off to see family, or perhaps trying to find some tropical beach town that isn't 43 degrees and raining, like MB.

We'll take a quick look at some of the period's interesting new closed sales:

464 36th Street Manhattan Beach CA464 36th (3br/4ba, 2150 sqft.) is a nicely updated cottage with add-ons and a guest quarters over the garage.

It's one of the nicest homes on the block, and pretty far north, you might say, but give this market product and watch what happens.

Asking: $2.549M

Closing: $2.625M

Go down the hill a bit and you'll find one of the higher sales of this period:

3405 Bayview (3br/5ba, 3250 sqft.), a brand new, modern style, rear townhome with views over its companion front unit.

It's 4 levels with a basement and some you-gotta-be-kidding-me huge ocean views.

Sale price: $6.625M.

And in a year of wows, here's another.

We'll set the scene. It's a 3br cottage with an original build date of 1950. The location is 6 doors up from Rosecrans.

BUT!

3528 N Poinsettia Avenue Manhattan Beach CA3528 Poinsettia (3br/2ba, 1571 sqft.) had been spectacularly remodeled.

What would be the driveway and garage have been claimed as outdoor space and bonus living space.

The style is warm modern.

The ask: $2.499M

Sale price: $2.875M

PPSF: $1,830/PSF

If our median price is $3M, that means a home of less than 1600 sqft. in the furthest north end of the Trees is also quite nearly a "median house" for the money. Yowza.

Here's the rest of our local real estate market update report for the period ending 12/15/21:

> 33 active listings as of 12/15/21 (-2 from 11/30/21) 

> 23 SFRs (-2)

> 10 THs (flat)

See the Inventory list as of 12/15/21 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

> Tree Section: actives (-3)

> Sand Section: 16 actives (-3)

> Hill Section: actives (flat)

> East MB: (+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 12/15/21".

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Nerdy note: We have updated our page about Manhattan Beach median home prices with this new data.

Also, all data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2021 ShowingTime.

Please see our blog disclaimer.

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