spec dev't

There are currently 36 blog entries related to this category.

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…

Let's continue with a look back at data from 2015.

Here are the highest sale prices in the prestigious Hill Section last year.

Highest Sale of 2015

612 John (6br/8ba, 7400 sqft.) very nearly tripled in market value since its 2000 build.

That's a fascinating headline from the highest-ever public market sale in the Hill Section.

Closed Price: $9.400M in July.

This home was built on spec way-back-when in the year 2000, becoming a fine exemplar of the era's modern/Mediterranean estates that now dot the Hill Section. It sold new for $3.320M in December 2000.

The most recent prior purchase had been for $5.400M in 2011. That new owner went about customizing and updating the property inside.

Views from the property are considerable, among our town's…

With another new high sale for new construction in the Tree Section, it's time for another iteration of our theme: 3 is the new 2 in Manhattan Beach. 

What we mean here is that there was a time when new construction in the Tree Section could be had for a $2 million-ish price. (Use your Wayback Machine.) Now, there will be a 3 in front, for sure.

3101 Maple (5br/5ba, 3200 sqft.) is the newest example. And for this one, they've pushed the ceiling a little higher.

Oh, we don't mean 11' ceilings in the living areas or bedrooms. We mean that a sale price here of $3.500M raises the bar yet again for local home prices.

At 3200 sqft., this is quite nearly $1,100/PSF for a home that's east of Pacific.

The deal was arranged during construction, while the…

There's only one way to say it: 2412 John (3br/3ba, 1890 sqft.) was an unconventional project for new construction in the Tree Section.

Situated on a prime block – although a tad close to Marine – the new home recently built here dared to be different.

And if you've ever been that weird kid, the nonconformist marching to your own drummer, the type who doesn't really much care how "everyone else" is doing things... then you could easily appreciate this revivalist mid-century marvel.

Actually you don't have to be all that different to smile warmly at a new, eco-friendly home that's bright, open, slick and modern, ready to go.

But the tut-tutting we've heard about this house came out of the fact that it was "undersized."

Oh, imagine that: Someone decided