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 3617 Pacific Avenue BD/BA 5br/6ba SQFT 2800 sqft LOT 5013 PRICE $2,049,000 $PSF $732 DOM 118 DOM START $ $2,195,000 START 04/11/18
Address 3412 Palm Avenue BD/BA 2br/1ba SQFT 1163 sqft LOT 6154 PRICE $2,195,000 $PSF $1,887 DOM 44 DOM START $ $2,195,000 START 12/02/18
Address 3528 N Poinsettia Avenue BD/BA 3br/2ba SQFT 1550 sqft LOT 4640 PRICE $2,350,000 $PSF $1,516 DOM 49 DOM START $ $2,350,000 START 11/28/18
Address 1 Arbolado Court BD/BA 4br/3ba SQFT 3049 sqft LOT 4960 PRICE $2,399,000 $PSF $787 DOM 4 DOM START $ $2,399,000 START 01/10/19
Address 3208 Pacific Avenue BD/BA 4br/3ba SQFT 3180 sqft LOT 4484 PRICE $2,549,000 $PSF $802 DOM 91 DOM START $ $2,650,000 START 10/17/18
Address 700 36th Street BD/BA 4br/3ba SQFT 2966 sqft LOT 5200 PRICE $2,799,000 $PSF $944 DOM 6 DOM START $ $2,799,000 START 01/10/19
Address 733 35th Street BD/BA 5br/6ba SQFT 3911 sqft LOT 5405 PRICE $2,980,000 $PSF $762 DOM 63 DOM START $ $2,980,000 START 11/14/18
Address 3604 Walnut Avenue BD/BA 5br/5ba SQFT 3249 sqft LOT 4645 PRICE $2,995,000 $PSF $922 DOM 117 DOM START $ $3,250,000 START 09/18/18

 

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