recent sales

Found 410 blog entries about recent sales.

599 35th Street Manhattan Beach CAWith the sale of 599 35th in the Tree Section, we have our first winner in MB Confidential's "Bet the House" contest.

This stylish 3br remodel listed on Jan. 11 asking $2.495M.

Then, in our first "Bet the House" post, we asked you:

1. How many Days on Market will the listing rack up while listed for sale?

2. How many (if any) price cuts will be made before the home is sold (or goes off market)?

3. What will the home actually close for (sale price), if it sells?

In the end, 599 35th went into escrow at 13 DOM, and sold for $2.400M. It made no price cuts during its brief time on market.

Now, when it went into escrow, the agent used the "Active Under Contract" status instead of "Pending" status. This required us to clarify contest…

The full year data for 2016 are in, and Manhattan Beach real estate rose to a new high.

With a median price of $2,075,000, local real estate carved out a new peak.

However, that's a rise of only $15,000 in the median from 2015, less than 1%.

As you see clearly in our chart, that's a significant leveling out, after a price trend that had been all uphill. The year-to-year increase in the median price for Manhattan Beach:

2012-2013: 15%

2013-2014: 17%

2014-2015: 8%

2015-2016: 1%

So maybe we're leveling off now? 

There's some other good news in the numbers. The number of sales actually ticked up in 2016 after 3 years of decline.

As you see, while prices were rising in recent years, the total number of sales was actually…

If you're looking to live west of Sepulveda for under $2M, sometimes it must feel like you're looking for a unicorn.

Chances are, if you're going to find something, it'll be in the Tree Section, and quite small and/or in a less than superb location.

Here's a look at what's been out on the market and selling this year so far.

ROSECRANS DIVISION

The least pricey properties in the Trees are typically along Rosecrans, where lots are smaller and there's a bit more of a stigma, holding prices back somewhat. Nonetheless, prices have risen consistently in recent years, to unprecedented heights.

722 Rosecrans (2br/1ba, 880 sqft.) is asking $1.195M, at 99 DOM as we post. Nearby, slightly larger 760 Rosecrans (3br/2ba, 1050 sqft.) closed last October

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