MB Market Update: 1/1/15

By Dave Fratello | January 5th, 2015

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 Section8 actives
  • Sand Section8 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.

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