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A new listing at 1308 Ardmore shows the power of real estate appreciation over time.

But maybe first and foremost, the staying power of this home is what impresses.

An original cottage was built at 1308 Ardmore way back in 1905.

The city of Manhattan Beach was not even formally founded for another 7 years.

There weren't so many residents in the area then, but MB was becoming a tourist destination. Most folks came to splash around at the beach by way of the Red Car electric trains, on tracks running along the sand, right about where volleyball courts predominate now.

The little cottage soon had neighbors as Manhattan Beach was built out. Fast forward a great deal, and we see in tax records the last time this property changed hands: 1973, for the…

Remember the Lakers?

It's a purple and gold basketball team that plays in downtown LA.

Going back only 2 years ago, the Lakers' new coach bought a spectacular house in Manhattan Beach. That's 116 25th (5br/5ba, 5000 sq. ft.), running the long way along the 25th St. walkstreet, with views over the Strand homes in front.

Sale price in April 2013: $6.900M.

After that, the wheels came off.

The 2013-14 season concluded for the Lakers just 11 months ago, with the team posting a depressing 27-55 record. The long knives were out, aiming for the coach. He quit before they could fire him, negotiating a departure.

Not quite a year later, now it's time to unload that beach house that had been so convenient for trips to the El Segundo practice facility.

The…

It's time for one of our twice-monthly updates on Manhattan Beach real estate market activity, with updated spreadsheets on inventory and sales.

This was one of the busiest periods of our 'Spring' season so far, with a rush of new listings outpacing sales enough so that we're now +10 on inventory compared to March 1. Haha, now, 52 active listings is no glut, but at least we are seeing more choices.

Even as the market rolls, we saw 2 notable quitters and several price cuts here in the heart of Spring. What does that say to you?

640 30th (5br/5ba, 3450 sq. ft.) is a glamorous Mediterranean complete with 'Grecian styled' master bath.

Alas, it's heavy on that style in an area that's more informal and beachy.

They launched at $2.800M and chopped to

Let's say you're out at the track, and you see a horse that's never won a race queued up to go, dangling 99-to-1 odds. Tempting... Is this that pony's day?

But no, you probably go for the more likely 3- or 5-to-1 horse in the end.

Less than 2 weeks ago, one of those 99-to-1 horses came up for sale on the Manhattan Beach real estate market.

We called attention to 462 36th Place (2br/2ba, 1150 sq. ft.) only last week here in "Challenging Half Lots in the North End."

We called it "one of the more awkward remodels we've seen in recent years," and noted that it did not sell in 2011, when asking $925K, down to about $850K.

Now it was up at $1.275M – 50% more than it did not sell for in 2011.

But now it's 2015. And, as if you needed any more indicators that…