Friday morning, a custom-built beach home with a basement and nice views at 3220 Alma (4br/5ba, 3350 sqft.) went into escrow.
The listing had run 100 days, dropping slightly from a start of $4.650M to the current price of $4.450M.
This could be just one line in our MB Property Ticker; one little note about a…
Friday morning, a custom-built beach home with a basement and nice views at 3220 Alma (4br/5ba, 3350 sqft.) went into escrow.
The listing had run 100 days, dropping slightly from a start of $4.650M to the current price of $4.450M.
This could be just one line in our MB Property Ticker; one little note about a blip of action in the market.
But there was something more significant here.
3220 Alma is only the second home priced over $4M to make a deal in the past month.
The other deal was on much pricier new construction at 232 6th (5br/7ba, 4300 sqft.), a fairly spectacular achievement of a modern, with nice views (tiny neighbor helps) and a unique take on the "boxy modern" that you will sometimes see.
This one emerged in February asking... achem... $9.000M.
It was last at $7.599M. Still a big number, no doubt, just not as lofty as some walkstreet sales have gone.
The other high-end sales in Manhattan Beach in the past 30 days were: None. Nothing else over $4M. There were 4 new deals on properties priced $3M-$4M.
This is another way of making a point that we made in our mid-August MB Market Update.
Sales have been happening, but, disproportionately they have been at the "lower" end, under $2M. (Yes, it's all relative.)
Now, Summer is traditionally quieter in Manhattan Beach real estate.
Maybe moreso among the highest of the high end properties, because almost by nature, the buyer pool is disproportionately on vacation.
So look for a rebound of sorts in the next couple months.
Surely, from now till the end of September, we can do better than 2 more sales.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2024 at 5:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.