What's Hot in MB Real Estate (4/16/15)
Apr 16, 2015 10:21AM ● Published by Jeanne Fratello
The MB Confidential analysis looked at the number of closed sales in the first 3 months of 2015 and compared the results with the first quarter in each of the past 8 years. There were clear dips in 2008-2009, as the market wobbled and dropped. But after the recovery began in Q3 2009, the first quarter of 2010 reached a "normal" number at 74 closed sales, the same level reached in 2014 (minus 1) and 2015.
Although there were more sales in 2011-2013, the 2013 peak was only 12 sales more in the quarter – 4 more per month difference.
"With chronically low inventory in the past 3-4 years, it would be
hard to honestly say that there's been any flagging in demand at all," said realtor Dave Fratello, the author of MB Confidential.
Here are all 9 of the past week's posted new escrows, listed most recent first:
2509 Poinsettia (5br/3ba, 3300 sqft.), listed at $2.749M (pictured),
1505 Voorhees (5br/6ba, 4235 sqft.), listed at $2.699M,
1509 Magnolia (3br/2ba, 1350 sqft.), listed at $1.549M,
2216 Grandview (3350 sqft. lot), listed at $2.295M,
1158 Longfellow (26K sqft. lot), listed at $4.000M,
13 Laurel Square (3br/3ba, 2500 sqft.), listed at $1.659M (pictured),
621 13th (4br/5ba, 5650 sqft.), listed at $6.295M,
2001 Oak (2br/1ba, 850 sqft.), listed at $1.249M and
422 21st Place (3br/4ba, 1920 sqft.), listed at $2.199M.For the most up-to-date sales, listings, escrows, trends, and more, visit Manhattan Beach Confidential.