Christmas Rush

Posted by Dave Fratello on Monday, December 26th, 2011 at 4:34pm.

The last couple of days before Christmas, you may have been running from one store to another, filling a couple of final needs.

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 and maybe should trade notably lower. TBD.


Another Christmas sale... another 25 at the start – that's 2517 Vista (3br/3ba, 2125 sq. ft.), which also posted a deal 2 days before Santa came.

It's a fairly large SFR on a half lot with surprisingly good ocean views, just steps from Grandview school.

The home sports a 1998 build date – reflecting a top-floor addition then – and now could use some updates. It's also got a quite unusual layout, with each of 3br on separate levels.

This was one of the longer-running listings in MB, with 8+ months on market, when a buyer knocked.  The most recent cut, in October, brought the price to $1.499m.

Those were the deals closest to the holiday. There were 4 more posted on the 21st:

1717 Pine (4br/2ba, 2325 sq. ft.) is one we called "a difficult house," and that was with some reserve. It had been added onto here and there oddly, with one odd feature being 2 upstairs bedrooms sharing a bath – a "Jack and Jill" master? Last at $1.295m.

2708 Ardmore (4br/3ba, 1850 sq. ft.) is a short sale that we recently said was "shaping up to be the deal of the year in the Trees," listed at $899k. Not bad for a decent place west of the highway. Now we'll see what the bank will accept to avoid foreclosure. (There were NODs on the property, adding urgency to the sale.)


1204 17th (3br/1ba, 1100 sq. ft.) is a late-1940s original on a cul-de-sac street backing up to a sprawling hotel.

We like the forthright reference to the "retro style kitchen [with] green formica and tiled backsplashes." Retro, that's the thing. This one lasted less than a month at $825k.

The dark horse in this group, the surprise, is 225 13th (4br/4ba, 3200 sq. ft.), which we had given up on. The listing went on hold in August and had been so notably overpriced that we didn't imagine much of a future there.

Alas, 13th emerged from "hold" limbo to post a deal. Now's the chance to see what becomes of a home that's got the benefit of being right in the very thick of downtown, but somewhat smaller than other walkstreet, ocean-view homes – on a less-than-full size, 2000 sq. ft. lot.

For the longest time, they thought they'd sell this with a 3 in front, asking as much as $3.350m. The last list price was $2.975m, still awfully close to 3. How will they wrap up that one?


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