MB Market Update for 10/15/15

By Dave Fratello | October 16th, 2015

Temps hit 100 the other day and Manhattan Beach real estate inventory hit the 80s, temporarily at least.

At least one of those events was expected.

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

966 Rosecrans Avenue Manhattan Beach CAFor all the (justifiable) talk of high prices, one sale stood out in this recent 2-week period.

It was little 966 Rosecrans (3br/1ba, 1050 sqft.), which sold for $1.170M, becoming just the 5th home to sell for under $1.200M west of Sepulveda all year.

Of the 5 sales under 1.2, there were 3 on Rosecrans like this one, one on a 2500 sqft. skinny lot on Valley, and one was almost a half lot on an alley at 440 35th Place.

You do know how much $1.2M will buy you outside MB, don't you?

You're accustomed to stories about enormous new sales, and we've got one for you. This time, it's from Manhattan Village.

The prior high sale for any townhome or condo behind the gates was $1.650M, set in Summer 2014.

17 Fairway Drive Manhattan Beach CABut 17 Fairway Dr. (3br/3ba, 2630 sqft.) has just blown that away by 27% with a sale at $2.100M.

Nothing's typical about this one. The unit was custom-built by the original developer of the Village for himself. It's bigger and sports some extras, including extra rooms you wouldn't find in the others.

More importantly, this one was lavishly remodeled recently – don't rely on our exterior photo here. Click the address or right here to see the interior photos. Something special several times over...

Here's the rest of our local real estate market update report for the period ending 10/15/15:

  • 77 active listings as of 10/15/15 (+8 from 10/1)
  • 67 SFRs (+7)
  • 10 THs (+1)

See the inventory list as of 10/15 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section13 actives (same)
  • Sand Section: 30 actives (+3)
  • Hill Section: 12 actives (+3)
  • East MB22 actives (+2)

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

Sales data, including PPSF for all properties, are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 10/15/15."

Please see our blog disclaimer.

Latest Listings Among
Manhattan Beach Homes For Sale