MB Market Update for 8/15/15

By Dave Fratello | August 18th, 2015

Summer's a great time to hit the water and lay in the sun. For real estate listings, though, it's often a time to gather moss.

Moss, in this case, comes in the form of extra DOM.

The point being: You can sell in Summer, but don't expect it.

A custom corner-lot Hill Section house at 1000 Highview is down $500K to $5.999M, but pushing 6 months now.

In the Tree Section, a custom Cape Cod at 2104 Flournoy hasn't been exposed quite as long, just over 4 months now, but it's down nearly $1M to $3.990M.

Or look down in the Sand Section.

3105 Vista Drive Manhattan Beach CAA very decent townhome at what could be an attractive price over at 3105 Vista (asking $2.300M) has nonetheless sat out the Summer, now ready to finish 4 months on market.

And so it goes. There are plenty of other listings without obvious challenges that just aren't able to get traction while everyone's out of town.

Here's our local real estate market update report for the period ending 8/15/15:

  • 82 active listings as of 8/15/15 (+6 from 8/1)
  • 69 SFRs (+4)
  • 13 THs (+2)

See the inventory list as of 8/15/15 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

  • Tree Section19 actives (+6)
  • Sand Section: 24 actives (-4)
  • Hill Section: 10 actives (flat)
  • East MB: 29 actives (+4)

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 8/15/15."

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