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This week, I am going to discuss land and new construction sales within specific pockets of the Manhattan Beach Sand Section. The neighborhoods highlighted will be the “North Manhattan 400-Block” and the “South Manhattan Flat Walkstreets.” Both areas feature 2,700 square foot lots and a couple examples of new construction that make it easier to explain values in a blog post format. North Manhattan 400-Block Let’s start with new construction examples where developers typically build 4,300 square foot three-level homes with five bedrooms. This is the latest comparable 2021 spec sale: 453 31st Street 5 beds, 5 baths, 4,302 sq. ft., built in 2020 Sold Price: $4,375,000 After coming to market in March of 2020, one
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To begin March 2020, I wrote two blog posts in response to early reports on the novel Coronavirus. It was still early in our country’s reaction to the pandemic, so I got a lot of push back for these posts. Some said I was an alarmist and overreacting. If you care to refresh your memory on those posts, I have linked them below: March 5th, 2020: “Coronavirus: How to Play the South Bay Real Estate Market” March 12th, 2020: “Hermosa Condos are Safe Amidst Uncertain Times” These were not predictions, but the best conservative advice I could offer during a potentially scary 100-year event. All in all, I am proud of these posts because when looking
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Thanks to the wild real estate market over the past 18 months, some of my normal posts on certain sectors of the market have lagged. This week we get back into the flow. It is time to check in on new construction town homes in North Redondo. In the past I would post an update every six to 12 months. Unfortunately, I just realized that the last update was in November of 2019, so a new post is long overdue. For reference, here is the previous post: “North Redondo Beach New Construction Town Home Update” Like most real estate throughout the country, new construction in North Redondo has performed extremely well during the pandemic. What sets
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And just like that, the second quarter of 2021 is over. If you remember the last quarterly update from Q1 of 2021, I discussed “easy comps” as the Coronavirus significantly reduced real estate sales for much of March and April of 2020. Those months fell in both quarter one and quarter two, which allow for this year’s quarterly numbers to easily beat year-over-year. Take a look at the past blog from Q1 of 2021 here: “First Quarter South Bay Home Numbers Show Strong Start to 2021” That all said, the numbers are always important to review; however, the absolute key data will be shown in quarter three and quarter four of 2021. I believe we will
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