Manhattan Beach Real Estate Ticker 10/3/16

Posted by Dave Fratello on Monday, October 3rd, 2016 at 8:27am.

* Inventory @ 102 homes for sale *

Very nice, oversized Cape Cod at 2512 Pacific starts out lower than other Tree Section comps at $2.575M (Dave's listing)

Small, rental-caliber 3617 Elm (on Rosecrans) began in Dec. 2015 at $1.699M (wha?), now closes 32% lower (whoa!) at $1.150M

New construx at 2001 Oak closes quickly for $2.800M, beats record price for Oak by $101K exactly 1 year later

No, 1140 The Strand is not a new listing; it expired on Day 391 and re-listed next day, same price: $15.975M

Neither is 224 32nd a new listing; it expired on Day 91 and re-listed same day, same price: $5.799M

Tiny, original house on walkstreet at 228 29th features a smaller lot (2250 sqft.) due to 25' width (start: $2.800M)

Difficult cottage on 1.5x size lot at 521 24th has a deal after about a week (list: $2.150M)

New construx near Sepulveda at 1037 8th St. drops $55K more to $3.195M (start: $3.350M)

Hill Section lot at 868 9th is 40' wide, ~5800 sqft. in all, asking $2.295M

Dated Tree Section home on near-double-sized lot at 1820 N. Poinsettia was in escrow just a week, back now with 0 DOM (list: $2.795M)

Dated Tree Section home/lot sale in nice location at 653 27th begins at $1.799M

Dated, difficult house at 856 12th Ct. ran 3 mos. this year $1.9M-$2.0M, quit but sells now off-mkt. for $1.689M

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