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 1148 N Poinsettia Avenue BD/BA 3br/3ba SQFT 1977 sqft LOT 4470 PRICE $2,100,000 $PSF $1,062 DOM 53 DOM START $ $1,998,000 START 02/12/20
Address 2509 Poinsettia Avenue BD/BA 5br/4ba SQFT 3294 sqft LOT 4481 PRICE $2,845,000 $PSF $864 DOM 140 DOM START $ $2,995,000 START 11/01/19
Address 2404 Laurel Avenue BD/BA 5br/4ba SQFT 3371 sqft LOT 5239 PRICE $2,899,000 $PSF $860 DOM 49 DOM START $ $2,999,000 START 02/17/20
Address 2104 Flournoy Road BD/BA 5br/5ba SQFT 4300 sqft LOT 8617 PRICE $5,995,000 $PSF $1,394 DOM 76 DOM START $ $6,995,000 START 01/21/20
Address 839 17th Street BD/BA 9br/6ba SQFT 4629 sqft LOT 16000 PRICE $7,750,000 $PSF $1,674 DOM 3 DOM START $ $7,750,000 START 03/02/20
Address 844 14th Street BD/BA 5br/6ba SQFT 3479 sqft LOT 5017 PRICE $3,795,000 $PSF $1,091 DOM 46 DOM START $ $3,795,000 START 02/20/20
Address 660 33rd Street BD/BA 5br/6ba SQFT 4761 sqft LOT 5024 PRICE $4,170,000 $PSF $876 DOM 61 DOM START $ $4,170,000 START 02/05/20
Address 756 36th Street BD/BA 6br/7ba SQFT 3599 sqft LOT 5204 PRICE $3,599,000 $PSF $1,000 DOM 56 DOM START $ $3,599,000 START 02/10/20
Address 2205 N Poinsettia Avenue BD/BA 5br/5ba SQFT 3735 sqft LOT 5132 PRICE $2,500,000 $PSF $669 DOM 13 DOM START $ $2,500,000 START 01/21/20

 

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