MB Market Update for 3/15/18

By Dave Fratello | March 15th, 2018

Ah, the Ides of March. Halfway between Ski Week and Spring Break.

One thing we'll reflect on here is the surprising series of listings along Pine Ave. in the Tree Section.

Just in the segment of Pine from MB Blvd. northward to Ardmore, in the area east of Pacific Elementary, the market has seemed particularly active.

There are 7 closed sales along these few blocks within a year, 1 more pending sale and 6 active listings.

In just this first half of March, you saw 2 of those closed sales and 3 of the newly active listings coming out:

Closed Recently on Pine

2100 Pine Avenue Manhattan Beach CA2512 Pine (4br/4ba, 3150 sqft., $2.200M)

2605 Pine (4br/4ba, 3325 sqft., $2.400M)

2408 Pine (4br/3ba, 3175 sqft., $2.200M)

2416 Pine (2br/1ba, 1030 sqft., $1.545M)

2100 Pine (5br/5ba, 3180 sqft., $3.033M) (pictured)

1733 Pine (5br/6ba, 3115 sqft., $3.100M)

2716 Pine (3br/3ba, 2040 sqft., $1.975M)

Active on Pine

1301 Pine Avenue Manhattan Beach CA2317 Pine (4br/3ba, 2600 sqft., $2.295M)

2313 Pine (5br/4ba, 3875 sqft., $2.995M)

1301 Pine (5br/4ba, 3285 sqft., $3.149M) (pictured)

1728 Pine (3br/2ba, 1725 sqft., $1.799M)

2504 Pine (5br/5ba, 3600 sqft., $2.950M)

2612 Pine (5br/4ba, 3600 sqft., $3.495M)

Worth noting: 5 of those 6 active listings spent at least part of 2017 on the market also.

That's a lot of activity over the year, 14 homes listed and/or sold. And we're not even looking north of Valley on Pine, where there are even more.

But we wondered: Are we seeing a pattern here where none exists? Is it unusual, or not?

We ran some different numbers, but found no Tree Section street with comparable turnover over the past year. There were 8 listings/sales on Oak, 9 on Elm, in just the same stretch south from Ardmore. All of Pacific, from MB Blvd. north to Rosecrans saw only 8 listings/sales.

So for no obvious reason, Pine is busy. Make of that what you will.

Back to Our Market Update

Outside of Pine Ave., the market continues to be active, and the sales pace seems normal for the time of year.

Our MB Property Ticker is busy daily with the comings and goings. This is the time to watch it closely.

(Clicking on the image to the right here should open up a window to help subscribe to the daily Ticker email, issued @ 2:00pm every day there's news. You just update your existing email subscription - assuming you have one - to add the Ticker.)

Comparing March 15, 2017, to March 15, 2018, we see now:

• 88 listings overall (-12 from 2017)

• Tree Section: 22 actives (-6 from 2017)

• Sand Section: 46 actives (same as 2017)

• Hill Section: 8 actives (-1 from 2017)

• East MB: 12 actives (-5 from 2017)

So we have deficits (of sorts) in the Trees and East Manhattan, the most popular suburban/family districts of town.

Not good news if you're a buyer dealing with tight supply.

Is That a New Look, Dave?

Hey, did you notice MBC's recent font change?

Sure, it's subtle, but we replaced a principal headline font with one that's a bit more current and friendly.

We know this may be barely interesting to you, but it was quite a little project, so we wanted to try for a little recognition for it (ha!).

Back to Our Market Update, Again

Here's the rest of our local real estate market update report for the period ending 3/15/18:

  • 88 active listings as of 3/15/18 (+8) 
  • 66 SFRs (+6)
  • 22 THs (+2)

See the inventory list as of 3/15/18 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section: 22 actives (+5)
  • Sand Section: 46 actives (+3)
  • Hill Section: 8 actives (+1)
  • East MB: 12 actives (-1)

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 3/15/18."

Please see our blog disclaimer.

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