The second half of April saw a drop in inventory below 100 for a short time, though the month ended at 103 listings.
At the same time last year, there were 56 active listings. (See our 5/1/15 update here.)
There was a lot to say about the Tree Section during this period. For instance, note the big sale of a…
The second half of April saw a drop in inventory below 100 for a short time, though the month ended at 103 listings.
At the same time last year, there were 56 active listings. (See our 5/1/15 update here.)
There was a lot to say about the Tree Section during this period. For instance, note the big sale of a custom Cape Cod at 3009 N. Poinsettia (4br/4ba, 3600 sqft.) at $3.700M – well over $1,000/PSF.
That number bested the $3.500M secured by the smaller new construction just a couple of blocks away at 3101 Maple (5br/5ba, 3200 sqft.) early this year.
During this same period, two more large and new/newer Tree Section homes east of Pacific and north of Valley also closed, but for much less: 3113 Walnut (5br/5ba, 3320 sqft.) at $3.180M and 3521 Walnut (5br/4ba, 3400 sqft.) (pictured), a recently redone wonder on a block that's simply not our fave, at $3.050M.
This period, also, you had the eye-popping (and quick) sale of the 2-home "compound" at 3305 Pine for $6.750M. (See "Tree Section Compound is Top Sale Again.") And there was good absorption of listings in the Tree Section, notable for the quickness of it all, as we discussed in our blog post, "Clearing Out the Trees."
If the Trees are alright, maybe it's time to focus a little more on the bulges in the Sand Section and east of the highway. Watch for more analysis there.
Here's the rest of our local real estate market update report for the period ending 5/1/16:
- 103 active listings as of 5/1/16 (-8 from 4/15/16)
- 84 SFRs (-7)
- 19 THs (-1)
See the inventory list as of 5/1/16 here, or see the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
- Tree Section: 25 actives (-7)
- Sand Section: 38 actives (+2)
- Hill Section: 14 actives (-2)
- East MB: 26 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 5/1/16."
------------------------------------
Please see our blog disclaimer.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of December 9th, 2023 at 3:45am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
