It was bold. It was bullish.
In April, a home we called "one of the most difficult listings from 2012" came back to market priced higher than it had been in its failed run last year.
That was 1701 Gates (4br/3ba, 3390 sq. ft.), where the act of increasing the price to try to sell this year "fairly dares this…
It was bold. It was bullish.
In April, a home we called "one of the most difficult listings from 2012" came back to market priced higher than it had been in its failed run last year.
That was 1701 Gates (4br/3ba, 3390 sq. ft.), where the act of increasing the price to try to sell this year "fairly dares this market to prove that everything really is different in 2013," MBC said in April.
Gates dared. The market stared back. A 5-month standoff ensued.
Alas, Gates blinked. And quit.
At 1701 Gates, anyway, everything was not different in 2013.
You will note in our post from April ("A Challenge from Gates Ave.") that MBC was skeptical that this tactic of boosting the price 13% was going to work out. You try never to say never – if you're old enough to know better – but the prospects for Gates this year seemed, achem, not to be improved by jacking up the price.
The listing had run almost 6 months in 2012 at prices of $1.598M down to $1.498M. They came back this year at $1.698M.
As we said in April, "This home has lingered based on location (far east, and along busy Redondo Ave. – check it out in Streetview) and due to the fact that it's a 1981 original which, while well preserved, seems blank and wants a lot of updating... The yard is also a bit cluttered (whoops, the description calls it "lush") and not, seemingly, well integrated with the living spaces."
Not much changed this year, even with low inventory making a lot of amazing things happen all over town.
Anyone want to place a bet for 2014?
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UPDATE:
1701 Gates re-listed at
$1.650M a few days after this post appeared.
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Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 18th, 2024 at 5:55pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.