There are 18 blog entries for December 2011.
Thursday, December 29th, 2011 at 2:37pm. 879 Views, 0 Comments.
There are a few high-dollar sales in the Sand worth a mention here, each setting a record of its own in 2011.
The most publicity has probably been generated around 1600 The Strand (3br/5ba, 5225 sq. ft.), the architectural modern fairly near the pier that sold for $10.9m before an expensive renovation began.
Here at MBC, you'll recall the vaguely seductive video tour that hawked 1600 The Strand (see "You Sexy Thing"). That little snippet became a modest internet sensation.
In the end – with all the work he's undertaking – who knows, the new owner of 1600 The Strand…
Wednesday, December 28th, 2011 at 3:38pm. 779 Views, 0 Comments.
Let's take a little tour over the next couple days. And here's a hint: We're saving the biggest news for Part II.
If you think Tree Section sales over $4 million are at all routine, check yourself. There have been a few, at the lower end of the 4s – mainly new construction in 2008, to be specific.
But this year...
533 15th (6br/6ba, 5300 sq. ft.) sold for $4.7m.
Is this home worthy of being the priciest-ever sale in the MB Trees? Well, one man's opinion is: Yes. (And this guy is reputed to be a bear.)
We've offered lots of superlatives on this home, calling it "simply one of the greatest homes in MB,"…
Monday, December 26th, 2011 at 4:34pm. 417 Views, 0 Comments.
Other folks were flinging purchase offers and signing contracts.
One new deal posted at 2509 Laurel (4br/3ba, 3650 sq. ft.) on the 23rd. Finally someone may be ready to make that huge house (with no yard) their home.
After a quick deal in mid-September that ultimately flopped, Laurel hung around a total of nearly 3 months. That might not have seemed so long if not for the early deal, and the widespread knowledge that this price point is almost devoid of inventory. It just took a while to make a new match.
Laurel was always listed at $1.695m, but as time rolled on and the year's end approached, we started to get the sense that it could…
Thursday, December 22nd, 2011 at 10:00pm. 611 Views, 0 Comments.
But for anyone who gets closer, there are reasons to be wary and to do some extra due diligence.
The home is 1205 23rd St. (5br/5ba, 3500 sq. ft.), which – we kid you not – has not been lived in for 5 years.
5 years, no people. In a house. There's a yellow flag.
The short version of the answer to "why?" is that the property has been caught for years in a web of litigation over an investment fraud scheme. A former owner of the house was alleged to have lured people into bogus investments and frittered away…
Tuesday, December 20th, 2011 at 7:04pm. 758 Views, 0 Comments.
Here and there, you'll also find gigantic houses using up those lots.
Currently there are 2 huge homes by the same builder, with the same floorplan, built in 1990, up on the market at the same time – at very different prices.
Which one will sell first? Battle's on.
1623 6th (6br/4ba, 4950 sq. ft.) is the first one that hit the radar, coming to market in mid-October.
In our review then, we called it "a never-ending amalgam of spaces that somehow still retains a substantial back yard.... If you need lots of space and grass, this may be your place."
The home has been updated a…
Sunday, December 18th, 2011 at 5:04pm. 423 Views, 0 Comments.
We've got just one debut listing and a couple more "greatest hits" to point to as we conclude this feature for the year 2011.
Looking for gift ideas and options to buy local?
Check out this post from South Bay Sparkle (a project of Mrs. MBC), with gift ideas from such local shops as Sol Baby, Pages and Uncorked.
To plan your Sunday tours, try this Redfin map list of open houses – sort by price or sub-region of MB by clicking the title on a column.
Or click here for the more traditional Beach Reporter list of opens.
416 Highland (3br/4ba, 2150 sq. ft.) could be called the last new TH listing of 2011, or the first…
Friday, December 16th, 2011 at 5:46pm. 538 Views, 0 Comments.
One way to see that is to look at the sales pace for the Fall months. We've defined that period as the 3 months beginning Sept. 1.
As our new charts here show, the number of SFR sales has been almost exactly equal for Fall 2009-2011.
It was Q3 2009 that largely marked the end of the local RE decline, so these data should not be a huge surprise. This is one case where boring is probably welcome.
Sales of SFRs in all of MB (first chart; click to enlarge) were at 68 this year in the period Sept. 1-Dec. 1, essentially equal to the 69 from 2009 and 71 last year. (Data in this story come…
Thursday, December 15th, 2011 at 5:15am. 475 Views, 0 Comments.
And at 1801 5th St. in East MB, it was.
In what's looking like the low sale for the year among SFRs in all of MB, 1801 5th recently closed for $570k.
5th St. with a 5 in front...
This was an REO that you may recognize from its 6 months as a (failed) short sale in late 2010-early 2011, asking as much as $699k. We also mentioned it in July in "The Distress List."
Acquisition price in Spring 2007 (of course!): $870k. (If only someone had rung a bell back then.)
Yep, that's a 34% drop for a too-small house on a too-small lot that is too far east. Quite a reality check.
It just so happens that another not-so-pricey sale just closed across the street.
That would be 1761 5th (3br/2ba,…
Tuesday, December 13th, 2011 at 10:48pm. 412 Views, 0 Comments.
That's 2708 Ardmore (4br/3ba, 1850 sq. ft.), a 1973 original that has been remodeled, including the modernization of the kitchen within just the last few years.
We took note of this one just a couple of weeks ago after a $200k cut, but now another $51k has come off the top. It's at $899k now.
Of course, with a short sale, the list price is almost secondary to the question of what the bank will accept. You can work that deal separately.
What the seller needs now is someone talking to the bank, which is sending default notices and could foreclose if a buyer doesn't move in.
We've called this listing a "completely livable west-of-Sepulveda home"…
Monday, December 12th, 2011 at 6:16pm. 619 Views, 0 Comments.
We were alerted to the sale at 445 33rd by a print ad in the newest South Bay magazine. (Disclosure: The author of MBC is also a contributor to the magazine.)
The ad features a photo of a home we love-love-loved when it was on the market in Summer 2010, with a bold red label reading: "OFF MARKET SALE."
We remember this one as that rare case of a Sand Section plateau house seeking $3m+. In fact, it began at $3.125m, and later came down to $2.999m. (See "Nice Homes Need Cuts Too.") Instead of selling, though, it rented out and the listing quit in Nov. 2010.
Alas, the sellers were still keen to unload this custom beauty for the right price. Which turned out…