It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.
We do two updates a month, at mid-month and end of month. Data for these reports closed 3/1/14.
In the last couple of weeks, we got some rain, but lost some inventory. (Here's our before/after pic of Polliwog Park,…
It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.
We do two updates a month, at mid-month and end of month. Data for these reports closed 3/1/14.
In the last couple of weeks, we got some rain, but lost some inventory. (Here's our before/after pic of Polliwog Park, which floods by design when we get measurable rain.)
Here's the quick overview on active inventory (click here for the list):
- 33 active listings as of 3/1/14 (-10 from 2/15/14)
- 30 SFRs (-8)
- 3 THs (+2)
Minus 10. Yikes, that hurts. So much for the flowering of inventory for Spring.
See the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
- Tree Section: 11 actives (-1 from 2/15/14)
- Sand Section: 8 actives (-4)
- Hill Section: 4 actives (-1)
- East MB: 11 actives (-3)
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 3/1/14."
A few highlights among sales this period:
633 33rd (4br/5ba, 3350 sq. ft.) is a truly gorgeous custom Spanish that sold immediately after listing mid-month. The start price of $2.550M never seemed real, and it wasn't. The close, all cash, came about 10 days after the property posted as pending. Sold for $2.815M.
- 408 32nd (4br/4ba, 2650 sq. ft.) is a new modern TH along Vista, aiming to become the third TH east of Highland ever to sell for $2.800M (list price). The second already closed in this period: 2300 Alma (3br/4ba, 2270 sq. ft.), a resale of a 2002 build – sold off-market and posted to the MLS.
- Two listings with long runs on the market closed their deals: 200 S. Dianthus (4br/5ba, 3925 sq. ft.) in the Hill Section had about 300 DOM on the current listing, and a couple months on a prior run. It sold for $3.125M, almost $500K off the first ask. Meantime, 132 2nd (5br/6ba, 4100 sq. ft.) sported more than a year on market and closed for $1.0M lower than asking with a sale at $5.500M.
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.
Remember, these links are always live under the top "navbar" of the home page, right under "MB Market Updates."
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of May 30th, 2023 at 4:47pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
