East MB

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This weekend is not just a great time to pick from among the growing range of options for open houses... which is free... but also to check out the annual Sophisticated Snoop tour, giving you the chance to see some of the most artful homes in Manhattan Beach and Hermosa in full-dress glory.

That includes this Hermosa Strand modern, plus an MB Strand home and others in the Sand & Tree sections of Manhattan Beach.

See this DigMB post for more, including links to each property, and pick up tickets at the door of any property – or see here for more on the Snoop.

To plan your (free) open-house tours for this week, try this Redfin map list of open houses, or click here for the Beach Reporter list of opens

Don't forget, when previewing homes here on MB…

Even just the last week has seemed busy in the Manhattan Beach real estate market. You want options? They've been coming: 15 new listings in 7 days.

The problem (stop us if this sounds familiar)... There were 14 new deals made in the same span. So the 7-day net increase in inventory was +1.

We're going to focus on just a few new construction projects that have found buyers most recently:

2412 John (3br/3ba, 1890 sqft.) is unconventional for new construction and has been polarizing, in a way, among market watchers. Why build under-sized on a prime street? Why go mid-century? Are buyers really looking for green & modern?

For an uncomfortably long time – OK, just 90 days – the doubters were winning the day. 2412 John was too ambitiously priced at $2.799M…

You know the old motto: When at first you don't succeed, try, try again.

That certainly can work for selling.

And if you're not impatient, these days, merely waiting seems to be a formula not just for success – but for netting a greater profit.

Our case study here is 1335 19th (6br/6ba, 5000 sqft.).

The home's been on and off the MLS so many times in the past few years, you could hardly remember when it was a "new" listing, or off-market as a "pocket," or on-market, or in escrow, or whatever.

But now they've closed up a sale there, at the princely sum of $3.050M.

The on-again, off-again story that preceded the sale went like this:

  • July-Aug. 2013: asking $2.799M, 34 DOM, quit
  • June 2014: asking $3.099M, 14 DOM, quit
  • Sept.-Nov. 2014: asking

One segment of Manhattan Beach real estate with a concentration of recent sales is the Liberty Village neighborhood.

Just this week, two fairly original homes came to market and moved quickly to change hands:

1508 Harkness (3br/2ba, 1550 sqft.) is an original Liberty Village cottage (ca. 1950) that we said, in our Sunday Opens post, is "ready for 'the treatment' by its next owner."

Surely there were those interested in the land alone at the start price of $1.299M, which is basically what sellers got for the corner-lot home at 1901 Lynngrove in February. (The listed sale price was $1.291M.)

We'd expect multiple offers and the final sale at Harkness to an owner-user looking to do a major remodel. Worth watching.

As a measure of the market's movement in…