Much of the year, about half or more of the active inventory has been in the Sand Section.
Funny, because that's not where half the houses are.
But it is where there are more offerings, and more trades.
In the first part of May, there were 11 sales closed in the Sand Section.
From our spreadsheets:
…
Much of the year, about half or more of the active inventory has been in the Sand Section.
Funny, because that's not where half the houses are.
But it is where there are more offerings, and more trades.
In the first part of May, there were 11 sales closed in the Sand Section.
From our spreadsheets:
ADDRESS |
BD/BA |
SQFT |
LOT |
PRICE |
$PSF |
DOM |
START $ |
START |
204 19th Street |
5/5 |
4260 |
2709 |
$8,000,000 |
$1,878 |
12 |
$8,200,000 |
05/12/22 |
2612 Alma Avenue |
3/2 |
1233 |
1670 |
$2,600,000 |
$2,109 |
106 |
$2,999,990 |
05/11/22 |
3316 Alma Avenue |
5/4 |
2400 |
3500 |
$3,750,000 |
$1,563 |
28 |
$3,799,000 |
05/11/22 |
4314 The Strand |
3/4 |
2649 |
3506 |
$5,175,000 |
$1,954 |
12 |
$5,275,000 |
05/11/22 |
1504 Highland Avenue |
3/3 |
1675 |
1501 |
$2,625,000 |
$1,567 |
13 |
$2,599,000 |
05/10/22 |
204 38th Street |
3/2 |
1041 |
1354 |
$2,200,000 |
$2,113 |
19 |
$2,199,000 |
05/06/22 |
442 23rd Place |
4/4 |
2019 |
2723 |
$2,850,000 |
$1,412 |
6 |
$2,799,000 |
05/06/22 |
3512 Manhattan Avenue |
2/2 |
1175 |
1747 |
$3,200,000 |
$2,723 |
7 |
$2,850,000 |
05/06/22 |
2220 The Strand |
3/3 |
1552 |
3498 |
$4,700,000 |
$3,028 |
21 |
$5,500,000 |
05/05/22 |
522 Rosecrans Avenue |
3/2 |
1092 |
3006 |
$1,525,000 |
$1,397 |
257 |
$1,699,000 |
05/03/22 |
232 16th Street |
6/5 |
4400 |
2694 |
$7,495,000 |
$1,703 |
14 |
$7,495,000 |
05/03/22 |
There you see the top part of the range, almost $7.5M and $8.0M for two walkstreet homes, and a series in the $2.2M-$5M range.
(Pictured above is 232 16th, a major remodel at the top of the 16th walkstreet at Highland that has been on and off the market over the years, often leasing out (at a princely sum) instead of selling. But this time, they got asking price: $7.495M.
During the same period, first half of May, only 2 sales closed in the Tree Section and Hill Section, with 4 closing in East Manhattan.
With a diminutive 36 active listings as of May 15, more than half (19) were in the Sand.
This is not to say that homes elsewhere aren't selling. They are! There just aren't as many to choose from.
Edge had an East Manhattan listing at 1901 Lynngrove (5br/4ba, 3269 sqft.) that both listed and went into escrow within the span of a few days in early May.
We had put about 2 weeks into repair and prep before marketing, ran 5 days on market and had 3 strong offers over the asking price of $3.599M.
At roughly the same price point during this period, you saw new construction at 3002 Laurel go into escrow (asking $4.295M) along with a 2001-built cutie at 2913 Poinsettia (asking $3.750M).
We won't tell any tales out of school, but don't be surprised if all of these close notably over asking. The market has been very hungry for inventory.
Here's the rest of our local real estate market update report for the period ending 5/15/22:
> 36 active listings as of 5/15/22 (+2 from 4/30/22)
> 26 SFRs (flat)
> 10 THs (+2)
See the Inventory list as of 5/15/22 here, or see the MB Dashboard for up-to-the-minute data.
Active listings by region of Manhattan Beach in this report:
> Tree Section: 8 actives (flat)
> Sand Section: 19 actives (+2)
> Hill Section: 5 actives (flat)
> East MB: 4 (-2)
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 5/15/22".
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 July 16th, 2024 at 3:56pm 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.