“Buyer Boycott” In Manhattan Beach?

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Good morning. Manhattan Beach Confidential reports that September sales are on trend to be every bit as weak as August -- perhaps weaker. There’s also trouble in that tricky sub-$2 million price range.

From the blog: ‘MBC has noted before that there was already something strange about the September sales we have seen – they’re all at the very high end. (Five of 7 homes sold were priced above $3m.) That fact suggests that a buyer boycott has already taken hold among mainstream listings below $2m. (That’s where 30 of the current 73 listings are priced.)’

Our take: The sample size, of course, is very small, and the more important comparison, when the numbers are final, will be September ’07 sales vs. September ’06 sales.

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Photo Credit: LATimes.