714 MBB Quits

Posted by Dave Fratello on Thursday, May 24th, 2007 at 1:27am.

Just a couple of weeks after being undercut, the listing at 714 Manhattan Beach Blvd. (MBB) has been canceled.

MBC takes no pleasure in this. The seller just bought the home in April '06 for $1.355m and apparently needed to sell it again just months later, but now things are looking grim.

The neighbor at 710 MBB is still at $1.249m and they have room to cut further, having paid $849k in October '03.

Right now the pricing is controlled by a relocation company, and you don't want to compete with that.

Best advice: for now, lay low and wait for a sale at 710 before re-listing.
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