MB Market Update: 1/15/14

By Dave Fratello | January 17th, 2014

It's time for one of our twice-monthly updates on the Manhattan Beach real estate market, first of the new year!

Here's the quick overview on active inventory (click here for the list):

  • 25 active listings as of 1/15/14
  • 23 SFRs
  • 2 THs

The story is slightly better as of this writing on 1/17/14, with 28 active listings, and that's after several new deals posted this week, taking inventory off the board. (See the MB Dashboard for up-to-the-minute data.)

Anyone see an uptrend?

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 5 actives
  • Sand Section: 6 actives
  • Hill Section: 4 actives
  • East MB: 10 actives

Now, the traditional kickoff to Spring is the first weekend of February, but this week's new listings suggest either an early flowering of our "real estate Spring" or a much bigger onslaught of inventory to come. (We know which scenario buyers would prefer.)

You need only follow the MB Property Ticker here at MBC to see the sudden rush of inventory and sales activity. We're going to copy below just Friday morning's activity from the Ticker:

Bye-bye East MB records: New construx at 1626 1st gets $3.2M

3112 Poinsettia is a super dolled-up 4br flip asking $1.795M

Redone Village 2br at 28 San Miguel Ct. got $950K

1163 Meadows is a recent, complete remodel asking $1.299M

Large 3br remodel at 1740 Mathews makes quick deal (asking $1.250M)

Plantation at 2518 Laurel posts a deal in second month (asking $2.595M)

Little cottage, big views: 4101 Crest starts at $999K

New 3br TH at 433 Marine Place starts at $1.999M; companion in front (432 23rd) in escrow at $2.152M

Hill Section estate at 620 8th has a deal (list: $6.950M)

And with that update, we still skipped a couple of happenings!

Checking in here on MBC is the best way to get the Ticker in real time, but did you know you can sign up to get it by email also?

You'll need to be signed up to get MB Confidential blog posts by email. Then update your email preferences to add the Ticker. Here are the necessary links:

You can see our complete report on active listings, with live links to every property, in this single spreadsheet on our data blog: "MB Inventory as of 1/15/14."

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: "MB Pending/Sold as of 1/15/14."

For 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.

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

Please see our blog disclaimer.

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