See Spring Sales - Manhattan Beach Market Update for 5/31/24

Spring sales were starting to close in larger numbers as May wrapped up.

Here's a look at some of the notable sales in a few areas of town in the second half of May:

Tree Section

1816 Palm Avenue, Manhattan Beach,

1816 Palm (5br/4ba, 3475 sqft.) got $25K over asking with just 7 DOM, closing for $4.175M.

People love Palm Ave.!

1813 N Poinsettia Avenue, Manhattan Beach,

1813 Poinsettia (4br/4ba, 3485 sqft.) went over asking too, by $113K, closing for $3.608M.

632 36th Street, Manhattan Beach,

632 36th (5br/5ba, 3580 sqft.) is nicely designed new construction whose location was a little hard for some, but not a big problem in the end. They got $4.237M after 10 weeks, about $250K under start.

Sand Section

425 26th, Manhattan Beach,

425 26th (5br/5ba, 4200 sqft.) is a 2008 build with a recent refresh and nice staging to present it great. The sale came in only $70K under asking, at $5.425M.

95 Highland Avenue, Manhattan Beach, CA

95 Highland (2br/2ba, 1289 sqft.) is a fully remodeled little townhouse at the border with Hermosa. It failed to sell last year, but this year got asking price: $2.350M.

300 7th Street, Manhattan Beach,

300 7th (4br/5ba, 2680 sqft.) is a newer townhome along Highland that came in near asking at $5.600M (-$199K), after 3 months on market.

East Manhattan Beach

1649 8th Street, Manhattan Beach,

1649 8th (5br/6ba, 4400 sqft.) led the way, as the only sale over $3M, coming in at $3.700M for a late 90s home wanting some updates. It needed a month on market to find its buyer, $200K under asking.

The other sales on the East Side in the second half of May:

28 Santa Cruz Court 3/3 1,903 2,799 $1,925,000 $1,012 N/A $1,925,000 05/30/24
1769 Nelson Avenue 4/2 2,018 9,137 $1,925,000 $989 34 $2,100,000 05/29/24
448 Chabela Drive 3/2 1,688 6,913 $2,400,000 $1,451 11 $2,450,000 05/28/24
1201 23 6/5 3,442 4,864 $2,855,000 $901 166 $3,249,000 05/24/24
1630 21st Street 3/2 1,412 4,990 $2,200,000 $1,555 32 $2,150,000 05/17/24


Here's the rest of our local real estate market update report for the period ending 5/31/24:

> 85 active listings as of 5/31/24 (+2 from 5/15/24) 

> 64 SFRs (+3)

> 21 THs (-1)

See the Inventory list as of 5/31/24 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

> Tree Section: 16 actives (+2)

> Sand Section: 36 actives (-6)

> Hill Section: 11 actives (+3)

> East MB: 22 actives (+3)

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 5/31/24".

Please see our blog disclaimer.

Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.

Based on information from California Regional Multiple Listing Service, Inc. as of June 17th, 2024 at 3:11pm 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.