MB Market Update: 9/30/13

By Dave Fratello | October 1st, 2013

It's time for one of our twice-monthly market updates.

But first, a photo.

It was actually on Sept. 30 – the date of this market update – that we snapped this late-afternoon shot out over the pier. The sun is more or less directly overhead, straight down MBB and off the pier. 

We thought the glowing ocean made a nice backdrop. Also, the sun's position served as another reminder of how Summer is getting away from us, even if temps are still toasty. You can watch the sun set practically over in Malibu at the other end of the Santa Monica Bay in Summer. Here, now, it's crossing quickly back across the pier, and soon will be setting well south of the pier, as the days get shorter. 

And speaking of shorter...

Inventory was down to 57 as of the 30th of September, down by 2 since just 2 weeks ago. There's no Fall inventory accretion yet. 

Here's the quick overview on active inventory at the end of Q3:

  • 57 active listings as of 9/30/13
  • 47 SFRs
  • 10 THs

Mid-July had 70 listings, mid-August 63, and now we're down further.

Active listings by region of Manhattan Beach:

  • Tree Section14 actives (+4 from mid-month)
  • Sand Section18 actives (-4) 
  • Hill Section9 actives (-1)
  • East MB16 actives (-1)

You can see the complete report on active listings, with live links to every property, in this single spreadsheet on our data blog: "MB Inventory as of 9/30/13."

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 on our data blog: "MB Pending/Sold as of 9/30/13."

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

Remember, these links are always live under the top "navbar" of the home page, right under "MB Market Updates."

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