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 3201 Laurel Avenue BD/BA 3br/2ba SQFT 1350 sqft LOT 4325 PRICE $2,049,000 $PSF $1,518 DOM 9 DOM START $ $2,049,000 START 04/04/21
Address 575 27th Street BD/BA 3br/2ba SQFT 1371 sqft LOT 4803 PRICE $2,399,000 $PSF $1,750 DOM 0 DOM START $ $2,399,000 START 04/16/21
Address 1805 Laurel Avenue BD/BA 2br/1ba SQFT 1255 sqft LOT 4794 PRICE $2,500,000 $PSF $1,992 DOM 0 DOM START $ $2,500,000 START 04/19/21
Address 2217 N Valley Drive BD/BA 4br/3ba SQFT 2855 sqft LOT 6027 PRICE $2,599,000 $PSF $910 DOM 23 DOM START $ $2,750,000 START 03/19/21
Address 1201 Oak Avenue BD/BA 4br/5ba SQFT 2534 sqft LOT 4485 PRICE $2,599,000 $PSF $1,026 DOM 9 DOM START $ $2,599,000 START 04/06/21
Address 2200 Elm Avenue BD/BA 4br/4ba SQFT 3558 sqft LOT 4481 PRICE $2,995,000 $PSF $842 DOM 7 DOM START $ $2,995,000 START 04/14/21
Address 3105 N Poinsettia Avenue BD/BA 4br/4ba SQFT 3521 sqft LOT 4641 PRICE $2,995,000 $PSF $851 DOM 1 DOM START $ $2,995,000 START 04/19/21

 

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