There has been no doubting the pricing trend on Sand Section townhomes: Up.
They've just pre-sold one new construction townhome on Manhattan Ave. south of the pier for a reported $5M, and now the back unit of that complex-to-be is looking for nearly 6.
Early this year you had 611 Bayview (3br/4ba, 2720 sqft.) setting the tone, coming in with a closed sale price of $4.650M – a case where the prior sale on the same unit was just 2 full years prior at $3.250M, or 43% less.
In context, then, the Feb. 2016 sale price on the brand new, large townhome at 428 23rd (4br/5ba, 2735 sqft.) at $3.745M might not have been too much of a shock.
Even if it was a bit of a shock.
The 400 block of 23rd is a nice location. We've got clients right nearby. This unit was……