recent sales

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Just in time for Thanksgiving, and something like a holiday "break" in the Manhattan Beach real estate market, you are seeing homes selling and inventory dwindling for the right reasons.

That's before sellers simply start quitting in droves.

Here are several homes newly absorbed before Turkey Day:

1765 Curtis (5br/4ba, 3875 sqft.) is a 1980s original with some updates, in this case to the kitchen and master bath, principally.

On its second listing this year, it was asking $2.395M initially. Watching the competition chop prices and make deals, the listing came down to $2.195M (-$200K / -8%).

They've finally got a deal.

1500 Nelson (2br/2ba, 1600 sqft.) is a cottage with a spacious yard. Location is a bit of a challenge, right across from the high

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

We'll focus here on a couple newly posted sales.

Just off Sepulveda to the east, two new homes were built, each ambitious in their own ways.

Most recent was 1120 6th (5br/5ba, 3600 sqft.). This not-maxed-out "Planation-style home[] with a coastal vibe" launched in August this year (not so long ago) at $3.099M.

There was no way. Not for a home that's the first residence off of Sepulveda, with a large commercial building – specifically, a sports bar – as the next-door neighbor.

After one price cut, the listing quit and rebooted immediately (what's that called again? oh yeah, a bogus relist ) with a new price of $2.688M.

Miraculously, that "new" listing lasted only…

We were a bit surprised recently to hear someone's surprise.

The surprise was at the recent sale of a large Mediterranean on a flat walkstreet at 401 4th (4br/5ba, 4450 sqft.).

List price: $4.500M. Sold price: $4.775M.

Sky high? Yes and no.

Sure, that's a lot of money for a house without substantial views, and a lot more than one might have paid on the walkstreets even two years ago. Still, it's utterly consistent with the trend in the South End. Maybe "low."

We're in a submarket where lots are selling in the 3's – more on that in a moment – and the two most recent sales of fully built homes occurred off-market and at much higher prices. Specifically:

Almost a year ago now, in December 2014, an off-market sale of 429 8th (4br/5ba, 4120 sq. ft.)

Three times now this year, East MB has seen new highs marked out – each higher than the last – for new homes on "standard" 7000-ish sqft. lots. (A typical 50 x 150 lot is 7500 sqft., but one of our examples here is 7000 sqft., close enough.)

The current champs, in descending order:

1131 6th (5br/5ba, 5025 sq. ft.) at $3.600M (Nov. 2015) (pictured)

1430 18th (6br/7ba, 4600 sqft.) at $3.300M (Oct. 2015)

1632 Voorhees (5br/5ba, 4500 sqft.) at $3.251M (June 2015)

Now, looking at each, it's worth noting that 1131 6th took the biggest haircut, but that may sound a bit unfair at the same time. The original list price was $4.499M in February this year. It sold for 20% less.

And yet, everyone knew that sky-high $4+ asking price was ridiculous, almost like a…