sales data

Found 173 blog entries about sales data.

For the first three quarters of 2016, the median price for homes in Manhattan Beach rose to a new record high.

Raise your hand if you saw that coming.

Here's the new high for real estate in MB: $2,087,500.

That's the median price for the first three quarters of this year, compared with the first three of each of the prior 7 years.

Just the other day, we heard someone who's not in third grade say the "median" was the "average" price.

No.

So here's a friendly reminder: The median price is the number at which half the homes sold for more, while half the homes sold for less. Specifically, out of 292 sales from Jan. 1-Sept. 30, 2016, there were 146 on either side. (You data nerds will understand that we had to average the prices on sales

At all price points, you notice that buyers aren't necessarily paying what sellers are asking these days.

Indeed, some sellers shot so high, it took a long time and deep cuts to get their homes sold. Here's a selection of closed sales where the final toll was much lower than the start price:

1201 Oak Avenue Manhattan Beach CA1201 Oak (2br/4ba, 2170 sqft.) is something of a duplex in a challenged location near MB Blvd. and across from commercial properties.

That's not to say that the inspired Craftsman-style home lacked charm, but it's hardly a "down the middle" mainstream house. It was owned by singer-songwriter Graham Nash (as famously noted in this LA Times story, among other media).

The listing began in March at $2.350M, and you could reasonably say: Why?

There were 2…

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