MB Market Update: 11/15/13

By Dave Fratello | November 18th, 2013

From here, with strings of warm days and great sunsets, we can almost see Turkey Day. As the Holiday Season unfolds, you always expect lower inventory and less-active buyers in the real estate market.

We've got the lower inventory. A virtual crash saw the total number of listings in Manhattan Beach drop from 48 on Halloween to just 37 now.

Less-active buyers? Ha ha.

In just these past 2 weeks, we saw 19 properties go newly into escrow. (For kicks, we'll list them all below.)

The mix of new deals spans homes priced high and low, east and west, long DOM periods and new listings. There were bidding wars for a Hill Section short sale (1011 Pacific) and a (likely) lot sale in the Tree Section (750 35th). All in the first half of November.

Here's the quick overview on active inventory:

  • 37 active listings as of 11/15/13
  • 27 SFRs (-14 from 10/31)
  • 10 THs (+3 from 10/31)

Active listings by region of Manhattan Beach:

  • Tree Section: 9 actives (flat to 10/31)
  • Sand Section13 actives (-3) 
  • Hill Section: 2 actives (-3)
  • East MB13 actives (-5)

You can see the complete report on active listings, with live links to every property, in this single spreadsheet on our data blog: "MB Inventory as of 11/15/13."

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

Sales are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet on our data blog: "MB Pending/Sold as of 11/15/13."

For closed sales, we provide the past 6 months' worth of sales by region. This is the typical window of time used by appraisers.

Remember, these links are always live under the top "navbar" of the home page, right under "MB Market Updates."

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Here are all of the 19 Manhattan Beach properties to go newly into escrow between Nov. 1-Nov. 15, 2013:

Tree Section

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $START
750 30th Street 3/1 1158 5417 $1,150,000 $993 5 $115,000 11/09/13
801 18th Street 4/5 3335 5266 $2,199,000 $659 27 $2,199,000 10/16/13
3521 Walnut Avenue 4/4 3248 4645 $1,769,000 $545 64 $1,799,000 09/14/13
3521 North Poinsettia Avenue 2/2 1679 4643 $1,400,000 $834 8 $1,400,000 10/31/13
3520 Walnut Avenue 3/2 2249 4647 $1,449,000 $644 75 $1,499,000 09/04/13
644 33rd Street 5/5 4225 5045 $2,899,000 $686 170 $2,950,000 05/11/13

Sand Section

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $START
316 23rd Street 3/3 1940 1352 $2,895,000 $1,492 371 $2,995,000 11/05/12
200 Kelp Street 2/2 963 1354 $1,175,000 $1,220 20 $1,175,000 10/23/13
215 19th Street 4/5 4264 2701 $4,799,888 $1,126 163 $4,999,888 06/06/13
124 17th Street 2/1 882 1503 $1,499,000 $1,700 32 $1,499,000 10/17/13

Hill Section

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $START
211 North Dianthus Street 3/4 2225 3250 $2,479,000 $1,114 24 $2,479,000 10/25/13
1011 Pacific Avenue 6/6 6000 8028 $3,465,000 $578 43 $3,465,000 10/01/13

East MB

ADDRESSBD/BASQFTLOTPRICE$PSFDOMSTART $START
19 Lafayette Court 2/2 1474 1902 $829,000 $562 11 $829,000 11/07/13
1554 2nd Street 3/2 1300 5036 $949,000 $730 4 $949,000 11/06/13
1641 21st Street 3/1 1004 4983 $950,000 $946 25 $950,000 10/24/13
1417 12th Street #8 3/3 1352 17238 $695,000 $514 2 $695,000 11/06/13
1421 18th Street 6/6 4430 7001 $2,699,000 $609 32 $2,699,000 10/17/13
1501 Magnolia Avenue 3/2 1539 4855 $1,295,000 $841 8 $1,295,000 10/24/13
1609 6th Street 5/4 4964 7501 $2,100,000 $423 36 $2,100,000 09/25/13

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