There are currently 9 blog entries related to this category.
Wednesday, November 28th, 2012 at 2:41pm. 519 Views, 0 Comments.
We noted the deal in the MB Property Ticker, but not here on the blog.
This big, ocean-view TH had sold in April this year for $2.600m, then turned right back around in July asking $3.200m.
The very best we could say in our post then was, "Good luck with that." (See "A Quick Return to Market, +23%.")
Turns out, they had some luck. After 4 months, a serious bite. But now, that deal has flopped out.
D'ya suppose an appraisal had something to do with it?
Undeterred, this one's right back out on the market at $3.2m again.
Good luck with that.
Wednesday, September 5th, 2012 at 3:53pm. 635 Views, 0 Comments.
So much can go wrong after a deal is struck.
People agree to buy or sell a house, and then reality kicks in. Will it happen?
So many obstacles. So many points of stress. There's weirdness from neighbors, heirs, city rules, contractor estimates, investor input, someone's contingent sale here or there... few real estate deals are straightforward.
Maybe too little is written about the complexities and conflicts that emerge after escrow opens.
But most of it can't be written. It's confidential.
Still, as a seller, you hate to go into escrow and come back to market. That can hit your value. Listing agents are very quick to point out if it was…
Tuesday, October 20th, 2009 at 3:38am. 612 Views, 0 Comments.
One has a deal. Or does it? No. Oh, yes it does again.
Another listing cancels. Then it comes back. Are they in? Are they out? In?
Bouncing around over the past week has been 2812 Elm. This short sale made a deal more than a month ago (news featured in "Breaking the Ice?") but, late last week, went "active" again, as several readers noted.
Now, it would appear there's a new deal in place. Good news, if true.
$1.584m in June 2005; last list price: $1.299m (-$285k / -18% from 2005).
660 33rd (5br/5ba, 4500 sq. ft.) is big new construction that has hung around heavily (475+ DOM).
Along the way it faced NODs, got slated for auction in August (see "More on…
Thursday, July 16th, 2009 at 5:51am. 335 Views, 0 Comments.
700 35th, as MBC has said before:
is a lovely, large (5br/4ba, 3675 sq. ft.) home in a quiet location with a seriously large yard (for the Trees).The listing can still be viewed while in "backup offer" status. But if you haven't seen the house (2003 build) in person, it's hard to get the whole picture.
MBC most recently lavished attention on this home in March with "Back Again on 35th," though the history goes farther back. We called a pricing poll 11 months ago, and reported the results 2 weeks later.
The capsule version of this listing's story: The sellers paid $2.5m in 2006, tried to get $2.7m in 2008, and realized in 2009 that they'd better try closer to $2.3m.
Monday, June 22nd, 2009 at 6:00pm. 580 Views, 0 Comments.
A digital readout on the machine said something completely new, which we recall as "prize cannot be paid in store; call attendant" – or words to similar effect.
The effect is what mattered: For a moment there, it seemed like the ticket might possibly be a big winner, and that this stilted message on the machine was supposed to keep the reader calm while the counter help phoned some kind of special hotline.
Alas, no. The prize was about $10, but it could not be paid yet in the store, because the draw results were too fresh – about 15 minutes old. Payouts are held for a while after the draw. So, a few days later, we pocketed the $10, not the…
Tuesday, August 28th, 2007 at 7:09am. 408 Views, 0 Comments.
And we got some. But not a lot.
Since Aug. 20, we saw these go:
- 1008 11th (new construx., pre-completion, Hill, $2.9m)
- 637 6th (newer, big, Hill, $3.9m)
- 225 Moonstone (remod, Sand, $1.3m)
- 217 9th [again] (new, Sand, $3.35m)
With the Hill and Sand Sections renewing their clocks, there are still these problems:
- Tree Section <$2m: 20 days now since last new escrow (3108 Poinsettia)
- Tree Section $2m+: 28 days now (2104 Palm)
Friday, August 24th, 2007 at 5:19pm. 219 Views, 0 Comments.
Having watched everything else get snapped up, they raised their price a second time to $1.399m. MBC speculated that this might be the first successful use of the price-increase tactic.
Things have changed. Current listings:
- 1409 Oak ($1.225m)
- 1732 Pine ($1.295m)
- 3504 Maple ($1.299m)
- 2822 Ardmore ($1.399m)
- 637 13th ($1.450m)
All of these have challenges. Oak is, well, on Oak, and interestingly it's made of adobe. Sharply remodeled, but different. Pine and 13th are probably best as lot sales, but are overpriced as such.
Maple and Ardmore are…
Monday, August 20th, 2007 at 10:30pm. 474 Views, 0 Comments.
A dated property needing TLC or a bulldozer was priced at $1.295m (high for a lot, reflecting a good location). It was gone in 10 days; it fell out today.
Scratching Pine, MBC now has records on 5 SFRs west of Sepulveda going into escrow in August:
- 1717 Pacific
- 3108 Poinsettia
- 2559 Valley
- 469 27th
- 316 Highland
What's average for a normal month? Looking back at inventory tracking this Spring and Summer, the answer appears to be about 20 new escrows per month for SFRs that were active on the MLS.
Again, we're at 5 now, with 10 days left in the month.
Tuesday, August 14th, 2007 at 6:30am. 285 Views, 0 Comments.
So far, in just a few days, we have seen no new escrows begin, and two fail.
Quite possibly these are unrelated to the mortgage mess, but we'll discuss them anyway.
1409 Oak is the slickest 1,000-sq.-ft. home west of Sepulveda. The fact that it is barely west of Sepulveda calls for a discount, and it's at $1.225m, a lot-sale price. Word is they accepted an offer at $1.250m. But that fell apart. If you're up for Oak living and $1,200/sq. ft., this is your place.
217 9th is new construction on a corner-lot/half-lot between Manhattan Ave. and Highland (at Bayview) right…