sand section

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People want to see signs... omens... hints of what is to come.

There are no guarantees of future performance this year, but look at some deals made in the first 5 weeks of 2016:

611 Bayview (3br/4ba, 2720 sqft.) is a slick, modern and nearly new view townhouse near town but on the quiet alley street just up off of Manahattan Ave.

Purchased new for $3.250M in January 2014, this one was quite nearly the first Manhattan Beach Sand Section townhome to ever garner more than $3M. (Off The Strand, that is, to be clear.)

But that was so, so long ago... two years.

Listed for $4.650M this year, this market maker is doing it again – getting an offer within 9 days.

That $1.4M markup is +43% over 24 months. In retrospect, maybe they got a deal on the original…

It's Awards Season. You can feel it in the air.

So MB Confidential will now take our annual look back at the year that was. What were the priciest sales of 2015?

We've got 'em here. We'll start with the Sand Section and work our way through town in future posts.

Overall Top Sale

304 The Strand made for a healthy lot sale/land bank with a sale in July at $14.000M.

MBC referenced this sale a couple times, including right as it went into escrow, in "'Why Not?' Trend Continues on MB Strand."

This was about double the value that you would have seen on Strand land just a few years ago. But it's the new market.

There was a recent on-market precedent: 516 The Strand sold in November 2014 for $13.500M.

304 The Strand is also the highest-priced closed sale…

Happy New Year to you (again). We like this time of year on the blog, because January gives us a chance to run through some data about the year that was. Watch for some analyses in the days to come.

Our first data offering: We've now posted a special page on MBC with all of the sales of 2015, in reverse chronological order (i.e., newest first). Any time, take a look at "Manhattan Beach Homes Sold in 2015." A link is also now under "Sales Data" on the front page.

A couple of year-end sales caught our attention:

224 19th (5br/5ba, 4300 sqft.) (pictured here), a 90s Mediterranean on a walkstreet west of Highland.

The first, striking thing about this sale was the time on market versus the time to closing.

The home came to market in July 2014 at $5.499M,…

It's been another busy year all around town, but the super-special slice of Manhattan Beach real estate that everyone loves to see is The Strand.

So what has happened, and what hasn't happened, along The Strand this year?

Let's take a look, in the way you know MBC always does – comprehensively, covering all the action.

Sold Strand Homes

3716 The Strand (9br/6ba, 4200 sqft.) is a North End triplex that dates back to the 1960s.

Oh, it was a simpler time in Manhattan Beach way-back-when. For one thing, people shared their Strand properties – they didn't hog the lot all to themselves.

You know the old MB, which was reportedly crawling with airline in-flight service personnel, bikers, dope dealers and Thomas Pynchon? That happened in places like this.