Happy New Year to you!
It's time for one of our twice-monthly updates on Manhattan Beach real estate market activity, with updated spreadsheets on inventory and sales.
First, let's check in with one year-end data point.
We're looking at the total number of sales reported on the MLS for each year going…
Happy New Year to you!
It's time for one of our twice-monthly updates on Manhattan Beach real estate market activity, with updated spreadsheets on inventory and sales.
First, let's check in with one year-end data point.
We're looking at the total number of sales reported on the MLS for each year going back to 2014. The total for the just-wrapped year of 2014 was 418 sales of residential properties in Manhattan Beach, a slight dip from each of the prior two years.
For an active year with rising prices, the minor drop in the sales total may seem like a bit of a surprise. But look at the chronic inventory shortage as a culprit. More would have sold in 2014 if the product had been there.
Worth noting on our chart: The go-go year of 2004, a full 10 years back, had 21% more sales than 2014.
What about prices? We'll report on price trends and lots more from 2014 throughout this month.
Here's our market update report from the period ending 12/31/14:
- 29 active listings as of 12/31/14 (-5 from 12/15)
- 18 SFRs (-5)
- 11 THs (flat)
See the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
- Tree Section: 8 actives
- Sand Section: 8 actives
- Hill Section: 2 actives
- East MB: 11 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 1/1/15."
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.
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 March 23rd, 2023 at 1:17pm 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.
