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 3108 N Poinsettia Avenue BD/BA 3br/3ba SQFT 2218 sqft LOT 4638 PRICE $3,199,000 $PSF $1,442 DOM 19 DOM START $ $3,199,000 START 09/08/22
Address 656 Rosecrans Avenue BD/BA 3br/2ba SQFT 1432 sqft LOT 3659 PRICE $1,749,000 $PSF $1,221 DOM 89 DOM START $ $1,849,000 START 06/30/22
Address 2100 John St BD/BA 5br/6ba SQFT 5400 sqft LOT 5693 PRICE $6,795,000 $PSF $1,258 DOM 82 DOM START $ $6,999,500 START 04/15/22
Address 2615 N Valley Drive BD/BA 5br/4ba SQFT 2850 sqft LOT 4665 PRICE $3,099,000 $PSF $1,087 DOM 16 DOM START $ $3,099,000 START 08/02/22
Address 3213 Pine Ave BD/BA 5br/5ba SQFT 3281 sqft LOT 4641 PRICE $4,000,000 $PSF $1,219 DOM 9 DOM START $ $4,000,000 START 07/12/22
Address 1825 Pacific Avenue BD/BA 4br/5ba SQFT 3350 sqft LOT 4778 PRICE $4,250,000 $PSF $1,269 DOM 0 DOM START $ $4,250,000 START 12/27/21

 

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