Hey, it's the 70s again!
We had a nice little burst of inventory after Summer gave way to... Indian/Florida Summer.
On occasion of our market update cutoff point, Tuesday, we were at 74 listings active in Manhattan Beach, while we actually saw the total reach as high as 78 a few days before. (By Friday…
Hey, it's the 70s again!
We had a nice little burst of inventory after Summer gave way to... Indian/Florida Summer.
On occasion of our market update cutoff point, Tuesday, we were at 74 listings active in Manhattan Beach, while we actually saw the total reach as high as 78 a few days before. (By Friday here, we're at 70 exactly.)
This is the general timing that one expects – after the kids go back to school, our market has a good run for September and October typically, before everyone packs it in for the holidays.
Buying activity tends to match the number of new listings. We've seen at least 20 sales (new escrows) in September alone – more than one per calendar day.
Multiple-offer situations broke out at several new listings, not least of all Dave's at 3509 Laurel (asking $1.550M; sold over asking) and including, to name just a few: 1508 Highland, 1440 12th St. Unit D, 3605 Oak and others.
There's no flagging in demand, in other words.
And if you were holding your breath, worried about the impact of a rise in rates, that didn't happen yet.
Here's our local real estate market update report for the period ending 9/15/15:
- 74 active listings as of 8/31/15 (+8 from 8/31)
- 61 SFRs (+4)
- 13 THs (+4)
See the inventory list as of 9/15/15 here, or see the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
- Tree Section: 11 actives (-2)
- Sand Section: 28 actives (+5)
- Hill Section: 10 actives (flat)
- East MB: 25 actives (+4)
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 9/15/15."
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 May 30th, 2023 at 9:46am PDT. 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.
