MB Market Update: 4/30/14

It's not just a feeling, it's a fact: There is a lot more inventory in MB.

At this time last year, we had 38 listings active. As of April 30: 68. (And 70 as of 5/2/14.)

We've seen almost 20 listings added to the board in just 2 weeks.

So that's a nice start here for one of our twice-monthly updates on the Manhattan Beach real estate market.

We do two updates a month, at mid-month and end of month. Data for these reports closed 4/30/14.

Here's the quick overview on active inventory (click here for the list as of 4/30):

68 active listings as of 4/30/14 (+19 from 4/15/14, +26 from 3/15/14)

61 SFRs (+17)

7 THs (+2)

See the MB Dashboard for up-to-the-minute data.

Active listings by region of Manhattan Beach in this report:

Tree Section: 20 actives (+8 from 4/15/14)

Sand Section: 11 actives (flat)

Hill Section: 9 actives (+4)

East MB: 28 actives (+7)

Did you notice that the stalled-out section is the Sand? This is the only season-long problem – a lack of beach-adjacent options.

We're also providing a report on pending and closed sales by region of MB.

Sales are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 4/30/14."

In our report on closed sales, we provide the past 6 months' worth of sales by region. This is the typical window of time used by appraisers. The spreadsheets are useful to anyone tracking the market or trying to estimate the value of a home for purchase or sale.