Clearing Out the Trees

By Dave Fratello | April 28th, 2016

In less than 2 weeks, inventory in the Tree Section has dropped quickly – mostly due to new sales.

As of April 15 this year, there were 32 listings in the almost-glutted Tree Section. There had been 14 active listings in the Tree Section exactly one year prior, so this was a huge difference... much more choice for buyers.

As of Thursday morning, inventory was back down to 22 active listings. Where did those other listings go? Here's our rundown (you can click any address to see more photos & details on any listing).

1313 Pine Avenue Manhattan Beach CA1313 Pine (5br/4ba, 3250 sqft.) is essentially new construction, purchased one year ago pre-completion and before it came to market for $3.290M.

It's an artistically done Cape Cod on a corner lot, which allows entry from the side. The kitchen/great room open perfectly via foldaway doors to a nice patio. Lots of details throughout this bright, white home recommended it.

The list price was $3.499M and it ran about a month before a buyer knocked.

1301 Pine (5br/4ba, 3300 sqft.) is a 2000-built Cape Cod with a big open living room at the entry and 4br on the top level. This one was completely redone head-to-toe by the most recent owners, who tossed aside the dated finishes in the kitchen and baths and redid the flooring. It's much more current. (You can see how dated it was in the photos from the June 2013 sale here.)

621 Marine Avenue Manhattan Beach CA621 Marine (5br/4ba, 3100 sqft.) is a custom-built Spanish on a nice block near the gaslamp district. The interior got a major, major custom overhaul. Somewhat surprisingly, it's been transformed into a chic, modern style, with black and white dominating the design.

Listed at $3.239M, this one had a buyer right away.

2408 Walnut Avenue Manhattan Beach CA2408 Walnut (5br/4ba, 3100 sqft.) is an 8-year-old custom-built home with some Cape Cod influences and a somewhat larger-than-expected backyard. (Side note: For whatever reason, Dave here is a sucker for a red roof.) Somehow, they got 5br all upstairs in this design without really shortchanging any of them.

This one came out asking $2.999M and hung around a bit. They made one cut to $2.899M and made their deal 10 weeks in.

724 36th Street Manhattan Beach CA724 36th (4br/4ba, 3350 sqft.) is officially a 1980s house, although the floorplan, with 2 small bedrooms downstairs and more upstairs, suggests a remodel/addition timed to around then. A lot of buyers would want to make updates.

The street-to-alley lot places the garage in back: Nice. Start price was $2.650M, followed by a bogus re-list, so that the listing now in escrow shows a $2.399M start price. It's newly in escrow.

3312 Maple Avenue Manhattan Beach CA3312 Maple (4br/3ba, 2240 sqft.) is the first and only "Hollywood Regency" style home we've seen advertised recently in Manhattan Beach. The home is truly high-style and a pleasant surprise.

It's on the smaller side for what families are typically chasing, and a bit north toward the refinery, but priced to account for both factors. In escrow now for the second time. List price was $2.320M.

1144 North Ardmore Avenue Manhattan Beach CA1144 Ardmore (3br/2ba, 1800 sqft.) is a 2-story remodel on the edges of downtown. The home's actually undersized for what is now permitted in this area of the Trees – 3 stories can now be built. Compelling at $1.700M, it lasted 3 weeks and is in escrow.

1716 Oak (2br/1ba, 875 sqft.) is the first little house along Oak to linger on the market in quite some time. This one's on the commercial side, backing up to two auto service businesses.

It took almost 2 whole months at $1.355M for a deal to be made – but they've got one now.

743 31st (5000 sqft. lot) came out in March at $1.950M, then quit, came back, went into escrow, came back, and now has a deal.

Last list price was $2.100M, near the going rate for that treasured street.

2833 North Valley Drive Manhattan Beach CA2833 N. Valley (2br/2ba, 1200 sqft.) is a smallish, but tidy, 1950s house on a slightly downsloping 5000 sqft. lot. 

When a seller is motivated, you can tell. This one launched on March 31 at $1.550M, made its first cut 10 days later and another cut in week 3.

The last list price of $1.375M was 11% down from start, but they sure did not linger. The handshake came within a month. Compelling for land or living.

3617 Elm (3br/2ba, 1200 sqft.) is comparable to 2833 Valley, but the market experience has been very different.

This rental-caliber, small home on Rosecrans came out 4 months ago much too high at $1.699M and overhyped. The sellers made no cuts till 3 weeks ago, and then it was 18% (-$300K) all at once to $1.398M. Newly in escrow.

652 Rosecrans (6br/6ba, 4730 sqft., 7300+ sqft. lot) has just quit the market after 6 months.

The listing launched in October last year at $2.999M, and gradually cut to $2.599M, but was still unable to make a deal.

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UPDATE: By afternoon Thursday, there were 24 actives in the Tree Section.

Neither 22 nor 24 listings counts, exactly, as "clearing out" the area – as our headline here suggested. There are still more choices than last year, including new construction.

If you're viewing this post in your browser, you can see all current, active Tree Section listings below – newest listings first.

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Montecito Magic: Charming Tree Lined Block In T...

OPEN HOUSE

561 33rd Street

Manhattan Beach, CA

  • 5 BR
  • 6 BA
  • 3,782 SqFt.
  • 5,396 Lot

$4,150,000

Active

DOM: 7

Price:
$4,150,000
BR/BA:
5br / 6ba
Sq. ft.:
3,782
Area:
143 - Manhattan Bch Tree
City:
Manhattan Beach
DOM:
7
ADDRESS BD/BA SQFT LOT PRICE $PSF DOM START $ START
Address 559 31st Street BD/BA 6br/8ba SQFT 4942 sqft LOT 5025 PRICE $6,195,000 $PSF $1,254 DOM 0 DOM START $ $6,195,000 START 10/21/21
Address 3211 N Valley Drive BD/BA 3br/2ba SQFT 1461 sqft LOT 2446 PRICE $1,950,000 $PSF $1,335 DOM 0 DOM START $ $1,950,000 START 10/21/21
Address 561 33rd Street BD/BA 5br/6ba SQFT 3782 sqft LOT 5396 PRICE $4,150,000 $PSF $1,097 DOM 7 DOM START $ $4,150,000 START 10/14/21
Address 693 19th Street BD/BA 5br/4ba SQFT 3312 sqft LOT 6043 PRICE $2,999,999 $PSF $906 DOM 7 DOM START $ $2,999,999 START 10/07/21
Address 1140 Fisher Avenue BD/BA 3br/2ba SQFT 1304 sqft LOT 3324 PRICE $1,999,988 $PSF $1,534 DOM 16 DOM START $ $1,999,988 START 10/05/21
Address 662 Rosecrans Avenue BD/BA 2br/1ba SQFT 750 sqft LOT 3664 PRICE $1,399,000 $PSF $1,865 DOM 24 DOM START $ $1,399,000 START 09/27/21
Address 2615 Palm Avenue BD/BA 4br/4ba SQFT 3188 sqft LOT 4643 PRICE $3,795,000 $PSF $1,190 DOM 28 DOM START $ $3,995,000 START 09/23/21
Address 757 Manhattan Beach Boulevard BD/BA 2br/3ba SQFT 1986 sqft LOT 7711 PRICE $2,249,000 $PSF $1,132 DOM 42 DOM START $ $2,249,000 START 09/09/21
Address 600 29th Street BD/BA 2br/2ba SQFT 2346 sqft LOT 4200 PRICE $2,675,000 $PSF $1,140 DOM 104 DOM START $ $2,715,000 START 07/09/21
Address 1145 Fisher Avenue BD/BA 5br/6ba SQFT 4716 sqft LOT 3000 PRICE $5,795,000 $PSF $1,229 DOM 113 DOM START $ $5,999,000 START 06/30/21

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