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.