Manhattan Beach Real Estate Ticker 3/7/16

* Inventory @ 88 homes for sale *

Second Hill Section cut today: New construx at 873 9th down $200K more to $4.499M (start: $4.999M)

Second Tree Section escrow to fall out today: 856 12th Ct. comes back at $1.990M

Last week 2500 Maple was the first Tree Section listing to sell quickly, back on market now (list: $2.999M)

New construction at 569 33rd hits a new high among similarly sized homes at $3.795M

Price cuts in the Trees on newer listings: 724 29th (-$155K to $3.295M) & 624 30th (-$100K to $2.795M)

Upgraded Hill Section Mediterranean at 873 11th is now down 7% to $3.599M

One of 2 neighboring 'Teen Street' lower walkstreet lots at 212 16th closes for $4.625M (start: $5.500M)

60s house on sloped Hill Section lot at 1016 John has a deal within a week (list: $2.390M)

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