MB Market Update: 3/31/13

By Dave Fratello | April 2nd, 2013

The Manhattan Beach real estate market remains active. Spring has sprung in a big way.

Turns out that April Fool's day "moratorium" proposal was a nonstarter. (You did know it was April Fool's, right? Like our past posts about Obama regulating house prices and Robert Shiller leaving "fusty" and "damn cold" Yale for USC and a nice MB walkstreet, among others.)

Back to business, though. It's time our twice-monthly Manhattan Beach market updates.

Here's the quick overview on active inventory:

  • 42 active listings as of 3/15/13
  • 38 SFRs
  • 4 THs

This is a drop in inventory by 4 homes total, very surprising to see given that we saw 29 new listings post just between March 16-31. New listings are simply being absorbed, and quickly.

Active listings by region of Manhattan Beach:

  • Tree Section: 10 actives
  • Sand Section: 20 actives
  • Hill Section: 2 actives
  • East MB: 10 actives

You can see the complete report on active listings, with live links to every property, in this single post on our data blog: "MB Inventory as of 3/31/13."

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

In a fashion similar to the report on active listings, you'll find the report on sales organized by sub-region of Manhattan Beach.

Here's a link to the post on our data blog: "MB Pending/Sold as of 3/31/13."

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

Enjoy the new reports!

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