MB Market Update: 6/15/14 (Cup Edition)

By Dave Fratello | June 16th, 2014

It's time for one of our MB Market Updates. We'll call this one our Cupdate.

And we'll take the chance to (re-)announce* some great news: You're leaving work early on Wednesday this week.

The South Bay Kings/Cup tour starts at 3PM in Redondo and arrives at the MB Pier about 60-90 minutes later along Manhattan Ave.

The Cup at the MB Pier. This is exactly right. Bravo to everyone who put it together this time! We'll see you there.

We do two market updates a month, at mid-month and end of month. Data for these reports closed 6/15/14.

Here's the quick overview on active inventory (click here for the list as of 6/15):

  • 64 active listings as of 5/31/14 (+8 from 5/31/14)
  • 52 SFRs (+6)
  • 12 THs (+2)

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

This is a slight rise year-over-year. We had 59 actives as of 6/15/13.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 10 actives (flat to 6/15/14)
  • Sand Section: 19 actives (+5)
  • Hill Section: 7 actives (-1)
  • East MB: 28 actives (+4)

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 6/15/14."

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.


* By "re-announce" we're referring to the fact that we had posted news just as soon as we got it about the Weds. parade and MB Pier celebration on Saturday, only to be asked to dial it back and wait for a more formal announcement. Some of you noticed the dropoff and wondered if it was canceled. Nope. Just waiting for it to be official. Go Kings Go!

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