A Cluster in the Trees Near $2.4M

By Dave Fratello | September 21st, 2017

You exactly can't call the Tree Section "crowded" right now.

It felt that way for stretches last year. Right now, though, there are some lingering listings and it's getting tense among them.

There are only a few to several weeks left in the market. Those who want to sell need to make a move.

You've seen several cutting and clustering around the $2.4M mark:

1408 Walnut Avenue Manhattan Beach CA1408 Walnut (4br/3ba, 3000 sqft.) (pictured) is a late 90s Mediterranean with some updates. They recently cut to $2.425M.

2317 Pine (4br/3ba, 2600 sqft.) just cut today to $2.399M, its first time under $2.4M since launch 4 months ago.

2009 Elm (4br/3ba, 3100 sqft) is another late 90s Mediterranean that just made its 5th cut and is at $2.439M.

And there are more. We'll show them below. Many between $2.3M-$2.6M share basic size, age and style.

What we found particularly interesting about this gathering of similar inventory at similar prices... well, we haven't really seen a closed sale of any property that looks a lot like them since the June 30 close of Dave's clients' purchase of 3005 Maple at $2.450M. (Still a good deal on a good home, we'd say.)

Take a look at all recent sales in the Tree Section at this link. Newest sales are shown first. See what you think.

Meantime, below are all the properties now listed in the Trees from $2.0-$3.0M. These are ordered lowest to highest.

Which ones will sell before quitting for the holidays?

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ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 3004 Oak Avenue BD/BA 3br/2ba SQFT 1794 sqft LOT 4480 PRICE $2,495,000 $PSF $1,391 DOM 20 DOM START $ $2,495,000 START 09/16/22
Address 641 13th Street BD/BA 4br/3ba SQFT 1803 sqft LOT 2113 PRICE $2,900,000 $PSF $1,608 DOM 1 DOM START $ $2,900,000 START 10/05/22

 

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