recent sales

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What if your neighbors put their house on the market and made a headline-grabbing sale?

You'd at least be curious.

If they got x, maybe ours is worth x, too, or maybe capital-y Y?!?

Or if the neighbor is just asking x, why shouldn't ours be worth more?

In this market, why not dip a toe – or a whole foot – into the water and see what happens?

There would appear to be a toe/foot dip going on at 210 15th Place (3br/2ba, 1225 sqft.) – an opportunistic listing occasioned by the companion half-lot home at 209 15th St. hitting the market. 

The 15th St. house emerged last week, asking $2.299M for a dated, smallish house (3br/2ba, 1275 sqft.) on a half lot facing one of the busiest areas of downtown. (Despite the florid language of the listing description and

Prime lots in the Tree Section have been hitting $2M and a touch above.

It was only a matter of time before the American Martyrs area asserted itself (again) with an even higher high.

Now the sale of 608 14th has done exactly that.

The dated, 4br, 3000-ish sqft. house is fine, but it's the 5800 sqft. plot of land that's got the real value here.

Specifically, the market said: $2.950M. The sale closed this week.

Call it the American Martyrs neighborhood's first $3-million-dollar lot.

As the listing launched 5 weeks ago in June, they weren't necessarily pushing the ceiling too high. The asking price was $2.7M.

But competition and must-have properties means new, ever-higher prices must be paid.

We can't really find anything like 608 14th in very recent…

At a time when everything's selling and everything's hitting new highs, why not the 2006-built townhome complex over at 1202 & 1208 Tennyson?

This week, with the sale of 1208 Tennyson #3 (3br/3ba, 1750 sqft.), we see a sale price $100K higher than any public-market sale in the complex over 2+ years.

It was $985K, per the newly closed MLS sale.

Tax records, however, show that this sale eclipsed the highest-ever sale in the complex by just $10K. That was at 1202 Tennyson #2, an off-market sale that closed in late April at $975K and was just recorded officially last month.

The most recent public-market sale was at 1202 Tennyson #1 (3br/3ba, 1750 sqft.) at $880K in Sept. 2013.

Interestingly, that same 1202 unit #1 had also set the high-water mark for the…

Inventory is doing it Summer job: Growing.

On Friday, we saw 75 homes for sale in Manhattan Beach... for a fleeting moment. Some deals posted, some new listings came, and as of early Saturday, we're at 74.

One sale this period seems to make the case that 3 is the new 2 in the Tree Section.

New construction at 750 35th (5br/5ba, 3700 sqft.) closes for $3.095M, notably short of the $3.275M start, but it's still $3.1M for a home with limited-to-no yard and a view of the refinery.

The sale remains a bullish sign for the new home on the "right" side of Oak at 1817 Oak (5br/6ba, 3120 sqft.), which launched at $2.999M but has now chopped $200K to $2.799M. You'll note that it's much smaller than the 35th St. house that just sold, and priced 25% higher than any