It a new year and new activity.
I will be brief, but there is a lot to talk about.First off is the new construction in the tree section, 1901 Walnut sold last week with 2 offers, the person that bought it is paying all cash. I personally like the house and think the builder did a nice job, the price is yet to be disclosed but I was told that it sold between 2.1 and 2.2 … This house has been available for a while but once the new year hit so did new buyers.
Second to talk about is the new listing that came and went at 322 24th st. in Hermosa Beach, a full lot duplex really close to the beach in a great part of north Hermosa listed for 895,000 and sold in one day with 3 back up offers. In my personal opinion this property was easily UNDER priced by 100,000 or more. But this proves that buyers are out there and they are willing to act quickly if they see something they like.
Third, Also to sell is another new construction home in the tree section of Manhattan Beach, Bob Lane of Shorewood Realtors listing on 2829 Valley Dr. A new construction house built by Gary Lane. It too sat around for a while but sold shortly after the first of the year to an all cash buyer.
Forth, 505 Anderson st. Manhattan beach, listed for 799,000 a single family home in the “hill section”. It was listed for 4 or 5 days had multiple offers and sold over the asking price. Some people thought this was an amazing deal, but personally I did not care for the property…yeah you are in the Hill Section but you are on a 25 foot wide lot most lots over there are 40-50 feet wide, the hosue was in need of a lot of work and you were not in a great section of the Hill with other “tall and skinny houses around you.” For the same amount of money I would rather live in East Manhattan on a much bigger lot and in house with better condition.
There have been 19 new escrows in the month of January in all of Manhattan and Hermosa.
