MB Market Update: 12/15/14

By Dave Fratello | December 17th, 2014

It's that time of year when we blow stuff up begin to appreciate the gifts we've been given, and plan to give unto others.

The holiday parties just keep rolling by, the Manhattan Beach Holiday Fireworks have come and gone, the kids are restless to wrap up their last week of school, and soon, everyone will scatter to get home and sit by the fire. Roasting chestnuts optional.

With this being mid-month, it's time for one of our twice-monthly updates on Manhattan Beach real estate market activity, with updated spreadsheets on inventory and sales.

Here's our report from the period of 12/1-12/15:

  • 34 active listings as of 12/15/14 (-7 from 12/1)
  • 23 SFRs (-4 from 11/15/14)
  • 11 THs (-3 from 11/15/14)

Here's the (limited) list of active inventory.

We were wondering how this year's inventory situation stacks up against last year's. So we made this nifty chart:

So for about half this year, including now, we've had modestly higher inventory than 2013. But the peaks and valleys for both years look very similar.

There was a time when inventory just west of Sepulveda was nearly 3 times these levels, but we won't see that again while the market is humming along as it is.

The total number of sales year-over-year is just about the same, too, but we'll cover that separately.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 6 actives (-2)
  • Sand Section: 11 actives (-3)
  • Hill Section: 4 actives (-1)
  • East MB: 14 actives (-3)

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.

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

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