Saturday, December 7th, 2013
With rain Saturday, there's more pressure on Sunday – for the Sandpipers Holiday Home Tours as well as for open houses, the few that are new this weekend.
But that's all for the good, as the rain should clean our skies and make the fireworks Sunday all the more spectacular.
The MB Holiday Fireworks show at the pier starts with a bang at 7:00PM on Sunday. The snow park, bouncy park and music down by the pier begin at 3:30PM.
As we noted earlier this week, the MB fireworks are also on TV. In this case, the 2012 show is featured in a "competition" against Niagara Falls, NY, staged for a show called "Jingle Brawls" on the Travel Channel. If you'll be out, set your DVR.
And we'll tell you again here, local broadcast time is 4:00PM Sunday in HD, not the 7:00…
Thursday, December 5th, 2013
There are luxury homes in Manhattan Beach, and then there's 106 Terraza Place, a no-lie "gated estate" that's distinctive, warm and enormous (6br/7ba, 7300 sq. ft.). It's up now at $6.995M.
Mediterranean? No. Euro classical? No. Cape Cod or Plantation? No.
We see Craftsman here, and that's what a listing called it in 2012.
The first listing in 2005, when this was new, said the home evokes The Ahwanee Hotel, a 5-star lodge in Yosemite (and national historic landmark).
The new listing calls this unique home "reminiscent of the estates you see around Jackson Hole."
Sure, they're all right.
Simply put, this is one of our favorite homes that we've visited in Manhattan Beach, and so we'll go ahead and wear that on our sleeve. (It was on the Sandpipers tour…
Wednesday, December 4th, 2013
We're coming up to one of the signature weekends of the holiday season in Manhattan Beach. And there's a real estate tie-in as well.
Before we look at the short term, let's also talk about the MB Yuletide 5K coming up Saturday, Dec. 21, at 5:30PM. This is one of two great local runs each year that start and finish under the pier, out along the wet sand at a super low tide.
The Yuletide 5K is notable for the glow necklaces, jingle bells and costumes that runners don. It's a unique and very local event, which is why MB Confidential is proudly sponsoring it. (As we did last June's race.)
There are kids' races also, and edible medals. Register today, and we'll see you out there!
Also, here's a link to the 5K's Facebook page.
Coming up this weekend,…
Tuesday, December 3rd, 2013
Along with the rule that fewer listings come out over the holidays comes a corollary: The properties that remain on the market probably mean to sell.
For this reason, the holiday season can be a heck of shopping season for real estate. Fewer buyers, more motivated sellers. What a rare alignment. Especially here in 2013.
You start to see this shift in the market with public price cuts. A new chop Tuesday morning at 3603 Manhattan Ave. (3br/4ba, 1900 sq. ft.) seems to examplify the change.
This is a mid-90s Spanish style TH fairly near Rosecrans offering what are described as "Fully Executive Ocean Views."
In our prior reviews here at MBC, we've said there were "shooting for something special here, pricewise, at $2.499M."
As a look at the comps…
Monday, December 2nd, 2013
Welcome back, and here's hoping you had a good Thanksgiving.
We're going to start the week here with a quick look at the state of the Manhattan Beach real estate market – or what's left of it.
Our chronic inventory shortage this year has now hit a new low, with just 32 active listings as of November 30.
This chart shows that the number of available choices has now dipped below the prior low from mid-April. But of course, in April there was a bit of a frenzy going on, with a Spring rush of inventory met by an eager fleet of buyers.
One way to compare the state of things now to then: At the time of our mid-April market update, there were 84 pending escrows, reflecting all of that Springtime activity. Right now (as of 11/30/13), there are 40 active…
Saturday, November 30th, 2013
You know how for days after Thanksgiving, you're asked to continue with a steady diet of turkey, stuffing, and whatever else remains in the fridge?
Try not to think of those meals as leftovers. They're "Greatest Hits."
Speaking of which, with no new listings debuting this weekend, the few open houses that will be out there call for MBC here to run a little "greatest hits" segment as well. To show our commitment to recycling, we're re-running a few listing reviews for homes still out there on the market.
Inventory update: 33 active listings as of Saturday morning. (Click here to see the search results.)
To plan your weekend open-house tours, try this Redfin map list of open houses – sort by price or sub-region of MB by clicking the title on a column.…
Wednesday, November 27th, 2013
There aren't many Tree Section homes to have hit $3M or more, historically. Limited lot sizes and zoning restrictions on interior square footage are the main factors.
But that number was exceeded in 2007 on a rare 4200+ sq. ft. house at 927 27th (5br/6ba, 4250 sq. ft.), and they've just come pretty close to that in reselling here in 2013.
Back in Aug. 2007: $3.150M.
OK, they didn't beat 2007, but it's still a big number.
They got that bonus square footage (and higher price each time) thanks to a basement that really feels like a bona fide third story. The lot was a steep upslope from 27th St. before the builder dug into the hillside to craft this home. Since they were going to dig and shore for the garage, why not build the big…
Tuesday, November 26th, 2013
As the last local real estate bubble deflated, 2007 was both a peak year and a pop year.
There was still momentum from the prior years of runup, and some home sales hit heights you might never have expected to see again, at least for quite a while.
And then there were homes that just could not sell. Buyers were getting picky. The market was in transition.
500 14th (3br/3ba, 2500 sq. ft.) was one home that fell on the wrong side back then.
For a bit of 2007, the owners tried to sell for $1.850M. The market would have none of that. The listing quit.
It was back in 2008 at the same price, dwindling down as low as $1.699M. "No," said the market.
Far, far later, in late 2009 – after the world had seemingly collapsed – the sellers let it get away for…
Saturday, November 23rd, 2013
All of a sudden, it's single-level cottage week in Manhattan Beach.
That's what we've got among the new listings that are pubicly open.
Do you expect anything next week? We don't. So check these out – and whatever else you find out this week. It could be 2 weeks before there's really anything new.
To plan your weekend open-house tours, try this Redfin map list of open houses – sort by price or sub-region of MB by clicking the title on a column.
Or click here for the new-format Beach Reporter list of opens.
2913 Pacific (3br/2ba, 1890 sq. ft.) was purchased jointly by the city of Manhattan Beach and its then-new city manager in 2011. Now that he's moving on, the house is being sold – with profits to be split by the outgoing manager and…
Friday, November 22nd, 2013
Over the past few years, 3108 Walnut (4br/4ba, 3685 sq. ft.) has been a weird mainstay of the Tree Section market. But right now the sellers are celebrating some good news.
The home was frequently overpriced, often listed as a short sale (and facing foreclosure), difficult to see, sporadically marketed.
The one time we saw it, there was a strange kind of open house – the family members flitted about doing their thing, ignoring visitors, and the house seemed cluttered and dark. Was it open, or were we trespassing?
With the chain of oddities, it's no surprise, then, that they couldn't make a deal, right?
This home was listed more or less constantly from June 2011 onward, with a couple of breaks – the longest for a failed escrow that began in June last…