What You Missed This Summer in Manhattan Beach Real Estate

By Dave Fratello | August 23rd, 2017

The kids are back in their places for the day, doing their learning jobs, forcing the rest of us to be back at the desk.

Assuming you're back for the first time in a spell, we'll do our part here at MBC to help catch you up.

In case you missed our blog posts over the Summer, here are some highlights. We have links to the full posts in case you'd like to dive into the details with each of the posts:

The inventory of homes in Manhattan Beach priced at or over $6.0M hit 22 listings; a figure where it remains today.

See the MB Market Update for 7/15/17.

MBC published data showing that the one-year period ending June 30 was the busiest in Manhattan Beach real estate since 2013.

There was a 17% jump in closed sales and a $100K increase in the median price to $2,200,000.

See "First Half '17 Bullish Again for Manhattan Beach."

The Sand Section continues to experience a bulge in inventory, with some accompanying softness to the market.

However, there are more sales in the Sand Section, too. (More options, more sales!)

See our report from mid-July: "What's Up with Sand Section Inventory/Sales?"

Note: Inventory in the Sand grew after that post.

3400 N Poinsettia Avenue Manhattan Beach CAThe Tree Section (almost) ran out of new construction. Certainly the options closer to $3.0M have dried up.

See "No More Tree Section New Construx?"

Two South End corner-lot homes, 100 Morningside and 401 2nd, both sold for big numbers ($6.510M and $5.675M, respectively).

See the MB Market Update for 7/31/17.

Manhattan Beach saw its second $20M sale, just a few months after its first.

See "Just a Couple $20M Sales."

An $8M sale may have been a bit "disappointing" to some neighbors. 

See the MB Market Update for 8/15/17.

The horrific experiment with choking Vista Del Mar commuter traffic was ended, with roads to be restriped shortly. This change would appear to remove a growing threat to Manhattan Beach home values and desirability.

See "MB Real Estate Dodges a Bullet with Vista Del Mar Restoration."

You'll get to enjoy the fruits of that decision some time in September, we're told. It will be a big relief, in more than one way. 

OK that's your cheat sheet.

Hope you had a great Summer, and here's to an interesting last part of 2017 for all.

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