sales data

There are currently 153 blog entries related to this category.

At today's prices, you see sellers asking - and buyers paying – as much, or more, for little lots than you would expect to see for an actual livable house.

Look at just a few half lots on the market recently:

209 15th just made a deal with a list price of $2.299M.

The smallish, 2-story house is dated and you have to say the bulk of the value is in the land, all 1345 sqft. of that plot. Despite a busy intersection nearby, they've pulled in a deal fast.

We noted last week that the back unit, the companion half lot to 209 15th, known as 210 15th Place, is pushing for a ton more, listing for $2.889M.

317 11th is new to market, a half lot right on the periphery of downtown Manhattan Beach.

The 1350 sqft. lot sports a small, 2br. house with very decent…

Temps hitting the 80s and Manhattan Beach listing inventory... also almost in the 80s.

Must be Summer.

If you get a chance to talk to Parks & Rec, or one of our various rotating mayors or city councilpersons, don't forget to say something like: "Hey, the 6-man was pretty successful here this year. Looks like we're ready to go all the way back to the weekends."

The juniors – successful, too – they can have the weekdays to themselves.

You say you want to make a difference? Try it.

Here's our local real estate market update report for the period ending 7/31/15:

  • 76 active listings as of 7/31/15 (+5 from 7/15)
  • 65 SFRs (+2)
  • 11 THs (+3)

See the inventory list as of 7/31/15 here, or see the MB Dashboard for up-to-the-minute data.

Active listings by…

On the face of it, someone just drove a huge bargain at 612 John in the Hill Section.

The classic manse with epic views was publicly listed for $10.500M in early June.

Whoa, that was really something. Then a buyer knocked, just 2 weeks into the listing.

Did they really get $10M+?

With the closed sale now, the answer is: Not quite. But the final deal at $9.400M is nothing to sneeze at.

First, it's an extremely impressive $4M markup over acquisition just a bit over 3 1/2 years prior (Nov. 2011) at $5.400M.

Translate that to a monthly appreciation rate: The home rose in value by $91,000/mo., averaged out over the period of this most recent hold.

There had been some remodeling/updating to the home over this span, updating the look and feel from the…

We recently looked at the changing market for Manhattan Beach townhomes through the lens of just one recent deal. (See "How the Townhome Market Has Changed.")

That one deal was for 2301 Vista, a modern-style 3br TH with 2400+ interior square feet that's in escrow after listing about 75% higher than its 2011 purchase price.

But we also like to get away from anecdotes and look at a bit more data.

This time we're trying to get at two questions:

What's a typical price per square foot (PPSF) for a Sand Section townhome now?

What's are the recent trends?

To compare apples to apples, we looked at sales from the first half of each of the past 5 years. That is, Jan. 1-Jan. 30 of each year only (2011-2015).

As you'll see here in our chart, the uptrend is 3…