A Good Time to Look in the Trees

By Dave Fratello | March 24th, 2016

manhattan beach tree section real estateInventory of homes for sale in the Tree Section has now grown to 28 active listings. And that's before any new entries for the coming weekend. [UPDATE: The total hit 30 by Friday morning.]

Last year at this time, buyers looking in the area had 13 homes to choose from.

Given that this is our town's primary west-of-Sepulveda family neighborhood, this should be a good sign for home shoppers.

The expanding inventory... not as great of a sign for sellers.

3009 North Poinsettia Avenue Manhattan Beach CASome of the absolutely prime homes have come off the board. For instance, 3009 Poinsettia (4br/4ba, 3600 sqft., asking $3.700M) and 2100 Pine (5br/5ba, 3180 sqft., listed at $3.099M), both custom builds (resales) that sold pretty quickly after coming to market in the last few weeks.

And new construction in the southern Martyrs area (ocean views, walk to town – hardly what you think of with "Tree Section") at 716 12th has just gone into escrow (second try), with a list of $4.499M.

Dig deep, because half the Tree Section listings today are asking very close to $3M or higher.

Here are all the active listings in the Trees, most recent first:

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 2807 Elm Avenue BD/BA 5br/5ba SQFT 3471 sqft LOT 5601 PRICE $4,195,000 $PSF $1,209 DOM 1 DOM START $ $4,195,000 START 05/16/22
Address 621 36th Street BD/BA 5br/5ba SQFT 4066 sqft LOT 5404 PRICE $5,195,000 $PSF $1,278 DOM 7 DOM START $ $5,195,000 START 05/10/22
Address 763 29th Street BD/BA 5br/5ba SQFT 3886 sqft LOT 4195 PRICE $4,600,000 $PSF $1,184 DOM 8 DOM START $ $4,600,000 START 05/09/22
Address 1900 Laurel Avenue BD/BA 2br/2ba SQFT 1315 sqft LOT 6134 PRICE $3,600,000 $PSF $2,738 DOM 13 DOM START $ $3,600,000 START 05/04/22
Address 1601 Pine Avenue BD/BA 5br/5ba SQFT 2962 sqft LOT 4201 PRICE $4,250,000 $PSF $1,435 DOM 15 DOM START $ $4,250,000 START 05/02/22
Address 1420 Elm Avenue BD/BA 5br/4ba SQFT 3432 sqft LOT 4203 PRICE $3,899,999 $PSF $1,136 DOM 26 DOM START $ $4,000,000 START 04/21/22
Address 3312 Palm BD/BA 5br/6ba SQFT 3599 sqft LOT 4633 PRICE $4,699,000 $PSF $1,306 DOM 39 DOM START $ $4,699,000 START 04/08/22
Address 901 28th Street BD/BA 6br/8ba SQFT 5648 sqft LOT 6006 PRICE $6,249,000 $PSF $1,106 DOM 40 DOM START $ $6,249,000 START 04/07/22
Address 1145 Fisher Avenue BD/BA 5br/6ba SQFT 5014 sqft LOT 3000 PRICE $5,495,000 $PSF $1,096 DOM 82 DOM START $ $5,795,000 START 02/24/22

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