Manhattan Beach Real Estate 1st Quarter Rises!

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Manhattan Beach Real Estate reports on the key market data indicators for Manhattan Beach houses for sale closed in first quarter of 2012 versus the first quarter of 2013. Manhattan Beach Real Estate pulled all data from the MLS. The number of Manhattan Beach houses for sale which have closed in the first quarter of 2012 versus the number of Manhattan Beach houses for sale that have closed in the first quarter of 2013 is a testament to the Manhattan Beach real estate market recovering. 
 
Here are the relevant statistics: Number of Manhattan Beach houses for sale closed in first quarter of 2012: 59. Number of Manhattan Beach houses for sale closed in first quarter of 2013: 60. This represents an increase of 2% in the total number of houses for sale that closed in the first quarter of 2013 over the first quarter of 2012.
 
Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in the first quarter of 2012: 88 Days. Average Days on the Market (DOM) for a Manhattan Beach house for sale to close in the first quarter of 2013: 67 Days. This represents a 24% decrease in the number of days it took for Manhattan Beach houses for sale to close in the first quarter of 2013 than it took for Manhattan Beach houses for sale to close in the first quarter of 2012. 
 
Average Price point achieved for Manhattan Beach houses for sale in first quarter of 2012: $1,425,000. Average Price point achieved for Manhattan Beach houses for sale in first quarter of 2013: $1,590,000. This represents an increase of 12% in the average price point achieved from all Manhattan Beach houses for sale from the first quarter of 2012 versus the first quarter of 2013 for Manhattan Beach houses closed. 
 
All of the above market data researched by Manhattan Beach Luxury Real Estate show a small recovery from the 2012 Manhattan Beach real estate market and are good signs of a healthier market for Manhattan Beach houses for sale achieving significantly more transactions, at a quicker turnover rate and at higher price points in the first quarter of 2013 versus the first quarter of 2012. For questions about buying or selling a Manhattan Beach house, please contact Manhattan Beach Real Estate Broker, Mitch Hagerman at (310)963-4358.
posted: April 25, 2013 - Manhattan Beach Real Estate - Blog
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