Busy, Busy Trees

By Dave Fratello | March 15th, 2019

As the Spring real estate market takes shape, the Tree Section is leaping to the forefront as the busiest part of town.

On Friday morning, there were 19 pending escrows in the Tree Section, the most of any region of Manhattan Beach.

In all of East Manhattan, there are only 14 pending sales.

The Sand Section (16) and Hill Section (3) combine to match the number of deals going in the Tree Section alone.

Things were different one year ago.

As of our March 15, 2018, market update, pending sales broke out this way:

Tree Section: 10

Sand Section: 19

Hill Section: 5

East MB: 12

We're aware of one more Tree Section deal that will go pending shortly, which will put the Tree Section at 20, fully double last year's pace at the same time of year.

So, what's changed in a year to make the Tree Section so popular? Well, there's that new... no, wait.

It's just the most popular suburban neighborhood west of Sepulveda. People love the Sand and Hill sections, but the most straightforward suburban family homes are in the Trees.

There's been a bit more inventory this year in the Trees, but demand is there, so the homes sell. (As an example, we got multiple offers for Dave's listing at 2104 Poinsettia soon after listing it.)

There are 26 active listings on Friday morning, compared with 22 a year ago.

A couple of bonus items here. Below is our Tree Section video tour. In a bit over 3 minutes, you can get a full picture of the area. More than once, we've had people comment that they actually learned something from it.

Below the video, we're providing a list of all the properties currently in escrow in the Tree Section. (Email subscribers will need to view the post online in a browser to see the pending sales.) The list will auto-update, so each time you view it, it will be up-to-the-minute. First listed properties were the most recent to make a deal.

 

Tree Section Homes Now in Escrow

ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 1820 Oak Avenue BD/BA 4br/4ba SQFT 3720 sqft LOT 4478 PRICE $1,999,999 $PSF $538 DOM 15 DOM START $ $1,999,999 START 08/10/19
Address 559 33rd Street BD/BA 4br/2ba SQFT 1750 sqft LOT 5395 PRICE $2,100,000 $PSF $1,200 DOM 9 DOM START $ $2,100,000 START 09/12/19
Address 1021 33rd Street BD/BA 5br/4ba SQFT 4113 sqft LOT 7046 PRICE $2,999,000 $PSF $729 DOM 73 DOM START $ $3,799,999 START 07/10/19
Address 2805 Palm Avenue BD/BA 5br/4ba SQFT 3277 sqft LOT 4643 PRICE $3,099,000 $PSF $946 DOM 11 DOM START $ $3,099,000 START 09/05/19
Address 910 28th Street BD/BA 5br/6ba SQFT 5036 sqft LOT 5000 PRICE $4,395,000 $PSF $873 DOM 60 DOM START $ $4,595,000 START 07/16/19
Address 1821 Elm Avenue BD/BA 3br/2ba SQFT 1720 sqft LOT 4487 PRICE $1,649,000 $PSF $959 DOM 16 DOM START $ $1,649,000 START 09/05/19
Address 2808 Oak Avenue BD/BA 3br/2ba SQFT 1606 sqft LOT 4484 PRICE $1,849,000 $PSF $1,151 DOM 51 DOM START $ $1,949,000 START 08/01/19
Address 608 29th Street BD/BA 4br/3ba SQFT 2976 sqft LOT 4801 PRICE $2,999,999 $PSF $1,008 DOM 360 DOM START $ $3,249,000 START 09/26/18
Address 1148 Elm Avenue BD/BA 3br/2ba SQFT 1678 sqft LOT 4477 PRICE $1,350,000 $PSF $805 DOM 63 DOM START $ $1,549,000 START 05/16/19
Address 2523 N Valley Drive BD/BA 4br/5ba SQFT 2801 sqft LOT 4292 PRICE $2,775,000 $PSF $991 DOM 27 DOM START $ $2,775,000 START 07/10/19
Address 590 33rd Street BD/BA 3br/2ba SQFT 1716 sqft LOT 5024 PRICE $2,195,000 $PSF $1,279 DOM 9 DOM START $ $2,195,000 START 07/24/19
Address 2708 Laurel Avenue BD/BA 3br/4ba SQFT 2761 sqft LOT 4642 PRICE $1,999,999 $PSF $724 DOM 86 DOM START $ $1,999,999 START 06/27/19

 

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