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New construction at 1817 Oak (5br/6ba, 3120 sqft.) has now completely smashed the prior record for prices on the street.

Oak ordinarily sees lower values because the street is the first block in off of Sepulveda. But sales activity on the street has been busy and values have reached new highs up and down the block.

The sale price on this bold, undersized and slightly different new construction was $2.699M.

You could note that the sale is $300K under asking, exactly 10%, but that's not the story.

The highest price ever for any home on Oak came 11 months ago at 1720 Oak (4br/4ba, 3470 sqft.), a spectacular remodel on the "wrong" side – backing up to commercial.

The sale price in October 2014: $2.227M. In that case, they got a ton more than the asking

We got a kick out of seeing this line in a recent Manhattan Beach listing: "DON'T LET THE PHOTOS FOOL YOU!"

Hey, isn't that the whole point?

Photos are supposed to put a home in its best light, aren't they? Make rooms look bigger, make dated features look fresh, and generally put a shine to even the darkest corners. Photos may not "fool" anyone, but they had better entice you to come see (and maybe buy) the house. Otherwise, someone's not doing their job.

In that one case (1510 23rd, pictured, just sold for $1.940M), the point of the "don't let the photos fool you" warning had something to do with persuading potential buyers that the home was not just one of many cookie-cutter "Roth built" homes with the same old/same old floorplan and features. No!

An electrical transformer meltdown and fire in the Hill Section on Sunday night triggered "brownouts" and blackouts in many parts of Manhattan Beach that ran into the morning hours Monday. (Here's our pic of the melted asphalt and lawn where a transformer ceased to be, at 11th/Poinsettia.)

If you were affected (as was MBC HQ), then you know what a rude wake-up call the loss of power can be. No one sleeps or awakens at the right time, odd alarms go off, breakfast is a mess, electronics aren't charged, school bells and street signals are in chaos. And don't even get us started about life without internet.

It's a wonder we ever hold it together.

Somehow, the vibe of the local real estate market as the week kicked off was also weird.

Back to Market


Until 2013, only one Manhattan Beach home with a Rosecrans address had ever sold for $1.3M or more.

That home was 640 Rosecrans, with 5br/3ba, 2250 sqft., on a typical 3650 sqft. lot.

It sold for a nudge over $1.3M at $1.314M in Sept. 2005, before the last bubble was even finished inflating.

Along came 2013, though, and 640 Rosecrans was finally displaced from its perch as the priciest-ever Rosecrans property. Several sales beat it:

Those three, and of course, the much higher-priced world-beater at the time, 610 Rosecrans (4br/4ba, 1800 sq. ft.) at $1.635M.

That one was an epic achievement for the…