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 2616 Pine Avenue BD/BA 3br/2ba SQFT 1339 sqft LOT 4481 PRICE $1,899,000 $PSF $1,418 DOM 7 DOM START $ $1,899,000 START 01/14/21
Address 617 31st Street BD/BA 7br/8ba SQFT 5084 sqft LOT 5019 PRICE $4,999,000 $PSF $983 DOM 260 DOM START $ $5,495,000 START 05/06/20
Address 772 26th Street BD/BA 6br/7ba SQFT 5936 sqft LOT 6867 PRICE $6,999,999 $PSF $1,179 DOM 11 DOM START $ $6,999,999 START 01/10/21
Address 1813 Walnut Avenue BD/BA 3br/3ba SQFT 1800 sqft LOT 4480 PRICE $1,850,000 $PSF $1,028 DOM 5 DOM START $ $1,850,000 START 12/31/20
Address 609 35th Street BD/BA 4br/3ba SQFT 1819 sqft LOT 5405 PRICE $1,990,000 $PSF $1,094 DOM 18 DOM START $ $1,990,000 START 11/20/20
Address 2201 N Valley Drive BD/BA 3br/1ba SQFT 936 sqft LOT 4401 PRICE $1,599,000 $PSF $1,708 DOM 135 DOM START $ $1,599,000 START 09/08/20

 

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