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?

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 940 Rosecrans Avenue BD/BA 5br/4ba SQFT 3209 sqft LOT 5975 PRICE $2,349,000 $PSF $732 DOM 6 DOM START $ $2,349,000 START 02/20/20
Address 794 27th Street BD/BA 5br/4ba SQFT 3077 sqft LOT 4436 PRICE $2,689,500 $PSF $874 DOM 12 DOM START $ $2,689,500 START 02/14/20
Address 2818 N Ardmore Avenue BD/BA 5br/5ba SQFT 3514 sqft LOT 5007 PRICE $2,798,000 $PSF $796 DOM 166 DOM START $ $2,799,000 START 09/13/19
Address 2509 Poinsettia Avenue BD/BA 5br/4ba SQFT 3294 sqft LOT 4481 PRICE $2,949,000 $PSF $895 DOM 100 DOM START $ $2,995,000 START 11/01/19
Address 2404 Laurel Avenue BD/BA 5br/4ba SQFT 3371 sqft LOT 5239 PRICE $2,999,000 $PSF $890 DOM 9 DOM START $ $2,999,000 START 02/17/20

 

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