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 13 Laurel BD/BA 3br/3ba SQFT 2490 sqft LOT 2324 PRICE $2,199,000 $PSF $883 DOM 71 DOM START $ $2,299,000 START 03/15/19
Address 3212 Palm Avenue BD/BA 4br/3ba SQFT 2558 sqft LOT 4640 PRICE $2,349,000 $PSF $918 DOM 3 DOM START $ $2,349,000 START 05/22/19
Address 3000 N Poinsettia Avenue BD/BA 4br/3ba SQFT 2175 sqft LOT 4635 PRICE $2,399,000 $PSF $1,103 DOM 17 DOM START $ $2,399,000 START 05/08/19
Address 521 13th Street BD/BA 3br/3ba SQFT 2428 sqft LOT 2872 PRICE $2,999,000 $PSF $1,235 DOM 73 DOM START $ $3,450,000 START 03/02/19
Address 608 29th Street BD/BA 4br/3ba SQFT 2976 sqft LOT 4801 PRICE $2,999,999 $PSF $1,008 DOM 241 DOM START $ $3,249,000 START 09/26/18

 

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