hill section

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Full moon, Super moon...

Beach moon. 

Did you seriously miss the epic pre-sunrise moon-set on Saturday?

Not MBC! (Photo credit: Mrs. MBC.)

Next time we'll drag out all the fancy equipment. (Reminder: Get fancy equipment.)

Our local real estate market isn't setting. When the schools re-open, we typically see a new flurry of activity. So that's... now.

To plan your open-house tours for this week, try this Redfin map list of open houses, or click here for the Beach Reporter list of opens. (Note: The BR now uses a new format, said to be more mobile-friendly. We'll see.)

Don't forget, when previewing homes here on MB Confidential, you can click "Open All Images" right above the main listing photo to get immediate display of all the listing photos at

On the face of it, someone just drove a huge bargain at 612 John in the Hill Section.

The classic manse with epic views was publicly listed for $10.500M in early June.

Whoa, that was really something. Then a buyer knocked, just 2 weeks into the listing.

Did they really get $10M+?

With the closed sale now, the answer is: Not quite. But the final deal at $9.400M is nothing to sneeze at.

First, it's an extremely impressive $4M markup over acquisition just a bit over 3 1/2 years prior (Nov. 2011) at $5.400M.

Translate that to a monthly appreciation rate: The home rose in value by $91,000/mo., averaged out over the period of this most recent hold.

There had been some remodeling/updating to the home over this span, updating the look and feel from the…

It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.

We've got our eyes on the Hill Section this time, where it turns out the rumors were true: The new-construction home at 927 10th really did sell for the asking price of $5.800M.

A Hill Section home near $6M – not so unusual, you may say. But this one is pretty far east (for the area) and does not have views.

Consider, for a moment, the recent, nearby sale at 906 9th (6br/7ba, 5425 sqft.), boasting more space on a similarly sized lot (7250 vs. 7500 sqft. at 10th). It's a 2009 build in a Mediterranean style with rooms on 3 levels. That one came in at $4.300M in March, a PPSF of $793/PSF.

Meantime, 927 10th is brand-new and in a modern "Plantation Contemporary" style…

It seems there are some sellers in this real estate market who can really only be called "sellers" if they get a big number.

There's been no lack of exposure for the Hill Section corner-lot home for sale at 1007 Pacific, for instance.

The listing for this 5br/5ba home on a nearly 9400 sqft. corner view lot dates back to last October.

Hey hey! A sprawling Hill Section lot with views, and close to downtown Manhattan Beach, to boot. Come and get it, right?

The start at $6.600M was high, though, and the current $6.200M list seems not to be resonating with the market, either.

Is anyone stressed out about it?

It would appear not, even at 220+ DOM.

Either the market will come to them, or the sellers will just enjoy the home.

Down in the Sand Section, with…