MB Market Update for 7/15/15

By Dave Fratello | July 18th, 2015

Inventory is doing it Summer job: Growing.

On Friday, we saw 75 homes for sale in Manhattan Beach... for a fleeting moment. Some deals posted, some new listings came, and as of early Saturday, we're at 74.

750 35th Street Manhattan Beach CAOne sale this period seems to make the case that 3 is the new 2 in the Tree Section.

New construction at 750 35th (5br/5ba, 3700 sqft.) closes for $3.095M, notably short of the $3.275M start, but it's still $3.1M for a home with limited-to-no yard and a view of the refinery.

The sale remains a bullish sign for the new home on the "right" side of Oak at 1817 Oak (5br/6ba, 3120 sqft.), which launched at $2.999M but has now chopped $200K to $2.799M. You'll note that it's much smaller than the 35th St. house that just sold, and priced 25% higher than any home has ever sold for on Oak, but this is 2015, and new has cache. One to watch.   

Here's our market update report from the period ending 7/15/15:

  • 71 active listings as of 7/15/15 (+1 from 7/1)
  • 63 SFRs (+4)
  • 8 THs (-3)

See the inventory list as of 7/15/15 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section15 actives (flat)
  • Sand Section: 25 actives (+5)
  • Hill Section: 6 actives (-3)
  • East MB: 25 actives (-1)

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 7/15/15."

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