MB Market Update 9/30/14

The question just pounds in your head: "How long is it going to be so freakishly hot around here?"

And we don't only mean real estate.

It's time for one of our twice-monthly updates on market activity, with updated spreadsheets on inventory and sales.

The number of available properties is way down since our last report, mainly with a big dropoff in the Sand Section.

Here's the quick overview on active inventory (click here for the list as of 9/30):

• 54 active listings as of 9/30/14 (-9 from 8/31/14)
• 35 SFRs
• 19 THs

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

Active listings by region of Manhattan Beach in this report:

• Tree Section: 7 actives (flat to 8/31)
• Sand Section: 16 actives (-12)
• Hill Section: 5 actives (flat)
• East MB: 26 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 9/30/14."

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.