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 2913 N Poinsettia Avenue BD/BA 5br/4ba SQFT 3170 sqft LOT 4645 PRICE $3,750,000 $PSF $1,183 DOM 8 DOM START $ $3,750,000 START 05/04/22
Address 3002 Laurel Avenue BD/BA 5br/6ba SQFT 3250 sqft LOT 4640 PRICE $4,295,000 $PSF $1,322 DOM 13 DOM START $ $4,295,000 START 05/05/22
Address 705 35th Street BD/BA 4br/4ba SQFT 2957 sqft LOT 5402 PRICE $2,800,000 $PSF $947 DOM 20 DOM START $ $2,800,000 START 04/28/22
Address 750 29th Street BD/BA 6br/8ba SQFT 4835 sqft LOT 4803 PRICE $5,995,000 $PSF $1,240 DOM 19 DOM START $ $5,995,000 START 04/15/22
Address 615 23rd Street BD/BA 5br/6ba SQFT 4388 sqft LOT 4404 PRICE $5,999,000 $PSF $1,367 DOM 6 DOM START $ $5,999,000 START 04/21/22
Address 3008 N Ardmore Avenue BD/BA 3br/2ba SQFT 1906 sqft LOT 7490 PRICE $3,299,000 $PSF $1,731 DOM 5 DOM START $ $3,299,000 START 04/15/22
Address 2812 Oak Avenue BD/BA 4br/3ba SQFT 3843 sqft LOT 4486 PRICE $2,799,000 $PSF $728 DOM 33 DOM START $ $2,799,000 START 03/29/22
Address 577 36th Street BD/BA 5br/5ba SQFT 4000 sqft LOT 5334 PRICE $4,249,000 $PSF $1,062 DOM 0 DOM START $ $4,249,000 START 11/30/-1
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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