There are 34 blog entries for January 2008.
Thursday, January 31st, 2008 at 5:28am. 475 Views, 0 Comments.
Here is a new look at the data which we're sure you'll find interesting, nonetheless.
Please note, the data presented here cover all of Manhattan Beach, not just our usual west-of-Sepulveda territory. Also, the monthly figures reflect sales that closed in a given month – a slightly lagging indicator because escrows run 30+ days from the time a deal is made. Source for this data is the MLS by way of Kaye Thomas' blog; if we can get data going back further in time, we'll re-do the graph, as it's unfortunate to be looking only at boom years and the…
Thursday, January 31st, 2008 at 12:55am. 449 Views, 0 Comments.
Initially, we thought she'd be in that gated estate up in the Hermosa Beach part of the hill section near Gould. (See "What Britney Saw.") Now, we're told that's not so. Whom to believe in the world of gossip? Not our game.
These two reports (see here and here) contain the same basic information, that Britney paid about $6m and saved $2.5m on a Hermosa home. That basic description matched the known facts about the home she toured up on the hill, listed for several months at $8.58m. Even if it's not the singer's new place, we'll always remember the marketing on that one, with full-page…
Wednesday, January 30th, 2008 at 4:49am. 289 Views, 0 Comments.
That means that, by Feb. 4 – when the merger takes effect – if you haven't pulled a bogus re-list on your longtime listings, it will difficult to refresh the DOM clock again. Agents can't cancel and re-list alone; they'll need broker approval. Experience, we're told, suggests this could mean the end of bogus re-lists.
Just think: Listings will be stuck with their current DOM, plus all the new days the listings accrue in the future.
Despite the imminence of the Feb. 4 deadline, surprisingly few listing agents have taken action in January. Quite a few homes took a week or two off for the holidays and came back…
Tuesday, January 29th, 2008 at 5:15am. 499 Views, 0 Comments.
There was a time, dear readers – some would say last summer, even – when you could get out of a Manhattan Beach home you'd lived in for 2 years and walk with some tidy, tax-free profits, a few hundred k or so in many cases. (Tax-free because the U.S. tax code allows home sale profits of up to $500k to escape taxation, provided that a home was the taxpayer's primary residence for 2 years.)
Two of the 3 new listings, however – all new in 2005-06 – show reduced…
Monday, January 28th, 2008 at 4:28am. 559 Views, 0 Comments.
Here's a tip for you if they offer the same opportunity again: Take dramamine first, for your head shall get to spinning after a short while touring through this 8,000-sq.ft. home. We've not seen such a peculiar layout in recent memory. There are head-scratchers around every corner and bend.
For instance, in a home that is "contemporary" in style – roughly speaking, that means it looks modern but has no actual style – one of the first rooms you'll see is a kind of throwback: a dark,…
Sunday, January 27th, 2008 at 7:04pm. 330 Views, 0 Comments.
In our story Monday (see "The Wreck Next Door") we led with a pic of the forklift that has always been in this particular driveway, at least 5 years by our count. A commenter said it was more like 25 years.
So, is the owner running around doing some Sunday morning forklift errands, did the listing agent on the new home next door buy it and dump it, or what?
Sunday, January 27th, 2008 at 5:44am. 237 Views, 0 Comments.
It turns out quite a few readers have seen the home at 742 27th. (Click address to see details via Redfin.)
In contrast to some of MBC's mostly positive comments, many found the living spaces dark with short ceilings, the crown molding detail imposing and, mostly, found the exterior to be an even bigger strike than MBC had let on.
We also learned – presumably from a trustworthy report – that the back yard wall will have to be moved in 2 feet by the new owner due to a property line encroachment. Yikes.
Saturday, January 26th, 2008 at 5:58am. 212 Views, 0 Comments.
Imagine our surprise – well, maybe not surprise – to learn later in the day that 232 30th Pl is actually now in escrow, after almost 10 months on offer. Whoa.
Now, it's a contingent sale, so let's not jinx it, but it seems it might be time to say goodbye to another old friend.
MBC first featured the home in late April when it had a different address, 3009 Highland (see "Decelerating Returns.") We noted that the home had been sold frequently in the boom years, rising from $510k in 1999 to the $1.225m that the current owners paid in July 2005.…
Friday, January 25th, 2008 at 5:20am. 243 Views, 0 Comments.
Please read through the story and vote, supporting your vote in the comments as you like. The window on this one is 2 days instead of 3 – closing Sat. nite at 9pm.
'Better Than New'
The slick, stylish ads for the large remodeled Tree Section home at 742 27th have always pitched it as "better than new." (Click address for details via Redfin.)
When the home (with 4br/4ba and 3550 sq. ft.) came on the market in early October, at $2.4m, it was priced higher than 6 brand-new homes, and $1k above 3 more new homes. So they had to say it was "better than new."
As of this week, 742 27th…
Thursday, January 24th, 2008 at 4:06pm. 359 Views, 0 Comments.
For some time MBC's been mulling a short series on "Great Streets" in MB. We've written a lot about that little block of Poinsettia between Valley and 31st. We love 18th St. west of Highland, and several others scattered around.
But what are your favorite streets? It could be a block or two or a whole street.
Let us know in comments here – with your reasons – and we'll use the feedback here as we begin the series soon. Thanks!