Buyers Save Almost a Mil

By Dave Fratello | November 30th, 2007
The Sand Section has seemed like the hottest area for sales this year – no huge surprise. But there was a letup in sales activity recently, and no sales closed between October 25 and Nov. 20.

The three Sand Section SFRs that did close in November (all in the two days before Thanksgiving) reflected buyers saving a combined $860k off the original list prices.

In order of price reductions:

2008 Highland (first pic), a newer 4br/3ba, 2325 sq. ft. modern home, got $2.175m, down $120k (-5%), after just a month on the market.

209 19th, a walkstreet home with 3br/4ba, 3350 sq. ft., located just north of downtown, was on and off the market this Summer (MBC counted 153 days from its first listing date). The sellers got $3.675m – awfully impressive – but that's down $275k (-7%) from its start price ($3.950m) on June 7.

209 42nd (second pic) was the big bargain of the group, fetching $1.835m after more than 400 days on the market – a drop of $465k (-20%) from the pre-completion start price of $2.3m.

The last two of these were both quick escrows. MBC wrote about them as new sales just three weeks ago (see "Lucky 209s").

There are three SFR sales pending in the Sand Section now, one of those a likely lot sale at 328 16th, which MBC also referenced earlier this month (see "Sand Lots").

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