MB Market Update: 12/1/14

By Dave Fratello | December 2nd, 2014

Inventory is way down for the holidays, but that's to be expected.

Buyers have stripped the shelves of most of the good offerings, and sellers are pulling back to wait out a dip in activity.

But we can still have some fun.

Come out this Saturday to the MB Yuletide 5K. It starts at 5:30PM at the MB Pier. Run on the flat, wet sand, geared up with glowsticks, jingle bells and whatever else you care to bring to make it extra fun. There are kids' races after the main 5K, and edible awards!

MB Confidential has been a sponsor of this event simply because it is such a unique, distinctive local happening. We hope to see you out there on the sand.

In real estate, it's time for one of our twice-monthly updates on market activity, with updated spreadsheets on inventory and sales.

Here's our report from the period of 11/15-11/30:

  • 41 active listings as of 12/1/14
  • 27 SFRs (-7 from 11/15/14)
  • 14 THs (-5 from 11/15/14)

See the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 8 actives (-2)
  • Sand Section: 14 actives (-4)
  • Hill Section: 5 actives (-1)
  • East MB: 17 actives (-6)

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 12/1/14."

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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