There are 15 blog entries for December 2012.
Monday, December 31st, 2012 at 3:49am. 327 Views, 0 Comments.
New Construction Over $2.5m
One of the headlines of the year has to be the sudden, near-overnight revival of $2.5m+ new construction prices in the Trees.
Given that the last round of new spec building finished in 2006-2008, most "newer" homes on the market are at least 5 years old, adding scarcity to the often-prevalent demand and premium for "new."
|712 29th (rendering)|
616 30th (5br/4ba, 3350 sq. ft.) closed in August for $2.512m. Again, it's a standard-size lot (4800) and acquired in 2011…
Friday, December 28th, 2012 at 3:53pm. 319 Views, 0 Comments.
We'll look at each of several areas of Manhattan Beach separately, starting with the Sand Section.
There were 8 sales on The Strand this year, of which 4 were in the $5.2-$5.8m range.
|1712 The Strand|
Notable for different reasons were 2 long-running, hard-to-sell Strand options that did close this year, finally: 2920 The Strand ($9.250m in January), a 4-year-running listing where a remodel project is now…
Monday, December 24th, 2012 at 6:44pm. 362 Views, 0 Comments.
So who else will be in new homes for the holidays? Here are a few notable recent sales.
Now, you'll only see 31% price cut when the start price is way out of whack. But that's the story here at the home we dubbed "The Labyrinth House" in our early-October "Weekend Opens" post.
2115 Valley started at $1.825m, and came down $575k to close at $1.250m.
A 1.2-ish price for an odd house on a busy street doesn't seem so bad. You just wonder what…
Friday, December 21st, 2012 at 4:30am. 317 Views, 0 Comments.
It looks like we can call 1201 Lynngrove (3br/2ba, 1975 sq. ft.) the last of 2012, unless some true shocker emerges in the next several days.
You know the drill by now, we suspect:
- Attractive, turnkey property
- High-demand market segment
- Occupying the field alone
- Priced reasonably
- "Deadlines" announced for bids
- Multiple offers
- Sale over asking price
So bravo to the sellers here. They had something people wanted. (Check out our weekend review.)
They put it out at a very strange time of year with a demand for immediate offers that would have sounded utterly absurd 12 months ago. (A fair paraphrase would be: "We know it's mid-December, but get your offers in…
Wednesday, December 19th, 2012 at 4:43pm. 331 Views, 0 Comments.
Take the same house, built in the same year, and put it in 2 different subpar locations, east and west.
What's the price difference?
It's got the classic great room layout, with a lot of family space in back, opening to an outdoor room and reasonably sized, hardscaped yard. Lot size: 4480 sq. ft.
They just closed the…
Tuesday, December 18th, 2012 at 4:54pm. 457 Views, 0 Comments.
There's been a real shortage of homes in that in-demand style throughout the year; this is not just the end-of-the-year blues. (Here's our post from May 2012 lamenting the lack of Cape Cod inventory.)
So what have buyers done? They've trolled the off-market waters.
This one was offered in Fall 2011 for a few months at $2.099m, down to $2.049m.
Those numbers were, frankly, not suited to the times, particularly with a home on the smaller side (3000 sq. ft.) and offering such a postage stamp of a yard. It quit and rented out, as the…
Monday, December 17th, 2012 at 5:01pm. 364 Views, 0 Comments.
Please visit this site to donate and help the victims' families.
Saturday, December 15th, 2012 at 5:39pm. 339 Views, 0 Comments.
We've got a notion of where that might come.
There are 3 new listings competing for your attention in East MB this weekend, and another smallish SFR on a half lot in the Sand. Slim pickings if you're looking west of the highway, but what can you expect a week before Santa?
To plan your weekend open-house 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 new-format Beach Reporter list of opens.
If you're thinking about getting into the market as a buyer or seller, please consider asking MB Confidential author Dave Fratello for help. For more, see MBC's Need an Agent?" page.
1201 Lynngrove (3br/2ba,…
Friday, December 14th, 2012 at 4:56pm. 344 Views, 0 Comments.
Now and then we get questions: What does this mean, what does that mean?
So here's a guide to some of those terms, and any interesting history behind them.
We encourage readers to add their own to the list via comments, or just email Dave.
The Highway – There can be no doubt: "The Highway" is Sepulveda, Route 1, PCH... all the same thing. It's the border between East and West MB.
For some, the highway is like an impenetrable barrier, as in: "It seems like weeks since I crossed Sepulveda." For others, no big whoop, we're all here together, man.
The border has spawned some divisive phrases: "There's No Life…
Wednesday, December 12th, 2012 at 5:00pm. 250 Views, 0 Comments.
The market value is what it is, and distress sales – rare as they are in MB these days – just don't seem to deliver huge discounts.
But a new El Porto Norte short sale looks pretty good pricewise, and looks extremely good from inside. Moreover, it's a huge discount to the peak-year acquisition.
That's 316 45th (3br/4ba, 2320 sq. ft.) we're talking about, a 2006-built TH at the north end of town, and almost at the top of the steep hill that rises up to the tank farm a peak in El Segundo territory.
Views? Oh yeah. We said in our review in September:
There are few higher points in MB with more unobstructed panoramas than this TH on the furthest edge of town. The master…