Manhattan Beach Real Estate Ticker 10/4/16

Posted by Dave Fratello on Tuesday, October 4th, 2016 at 9:26am.

* Inventory @ 101 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)

New construx on prime street at 2001 John is in escrow (last at $4.749M)

Newer, super large East MB Cape Cod next to parkette at 1750 8th closes for $2.687M (-10% from $3.000M start)

Custom remodeled walkstreet house on Valley at 435 10th has a buyer (list: $3.499M)

After months of overpricing and not selling, look what happened to 200 38th when they started cutting (deal now; last at $2.200M)

Interesting East MB home w/ 70s feel + updates and large yard at 1616 Magnolia has a buyer (list: $1.679M)

East MB corner Cape Cod at 1657 Ruhland has been around 5+ months, cuts now to $2.690M

Custom, oversized Mediterranean/modern with basement at 2312 Poinsettia cuts to $2.799M (-20% from start)

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

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