Sales in the Trees Over $2,000,000
This is a quick entry about a few sales in the tree section that have sold over 2,000,000! (in the last 6 months)
2401 John St. Manhattan Beach closed today for $2,275,000
This was talked about in one of my older entries “a dying breed”
2705 Palm Dr. Manhattan Beach, closed last month off market for $2,250,000
This is a Matt Morris re-sale that was built in 2008, sold as it was being finished. The sellers paid $2,550,000 back then.
10% loss, not bad considering what some other people had sold for.
700 35th St. Manhattan Beach, sold $ 2,250,00 8/11/09
1805 N. Pointsettia Ave. Manhattan Beach sold $2,000,000 6/16/09
What does this mean? Are we at a bottom?
No one knows but this is a sign that prices have stopped falling for the time being. I feel strongly that idea of buying a 1-4 year old house in the tree section for $1,600,000 to $1,800,000 is off the table for now.
The only real listings left like the ones above are:
562 33rd St. Shorewood Realtors Lynne Lear $2,150,000, MLS# S09096536
2100 Pine Ave. Shorewood Realtors Marilee Dolan $2,149,000 MLS# S09127283
The other listings out there are not worth mentioning at this time due to price and/or location.
