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.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of April 1st, 2023 at 4:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
On Friday morning, there were 19 pending escrows in the Tree Section, the most of any region of Manhattan Beach.
