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What's Hot in MB Real Estate (4/16/15)

Apr 16, 2015 10:21AM ● By Jeanne Fratello
Is the Manhattan Beach real estate market slowing down? Not according to Manhattan Beach Confidential, whose analysis of the first quarter shows no "cooling" in Manhattan Beach real estate sales. Even during the supposedly quiet Easter week at the beginning of April, there were a surprising nine deals made over seven days.

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.

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