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……