It's just what's in the air now, it seems.
With the closing Tuesday of the sale at 801 11th (4br/3ba, 3035 sq. ft.) at $1.930M, we see another sale at a big markup to a 2010 acquisition price.
2010 wasn't so long ago, folks.
But back then, late in the year (call it 3 1/2 years ago), someone grabbed the custom Mediterranean at 801 11th for $1.380M.
The resale now comes at a markup of $550K over that last market sale, a solid 40% above the same home's value in a different market.
Is the Manhattan Beach real estate market really up 40% in just 3-4 years? Well, the market for this home is.
And in last week's "To Have a Time Machine" post, we pointed to one resale that nabbed 28% more than a 2010 price, another seeking 36% more and a third that sold last…