off-market sales 
There are currently 16 blog entries related to this category.
Tried in '11, Succeeded in '13
Friday, April 12th, 2013 at 11:25am. 207 Views, 0 Comments.
You see examples all around this year of homes with a recent history of not selling, which are able to sell here in 2013.
Add 2603 Pacific to the list.
This little remodeled cottage (3br/2ba, 1450 sq. ft.) on a busy street faltered in a 5-month run on the market in 2011.
It's got its charms, to be sure. Behind that ho-hum, 50s/60s cottage exterior there is a surprising and bold remodel, featuring fully updated kitchen and baths and open ceilings.
They launched at $1.199M two solid years ago, in March 2011. The listing hung around, cut twice to as low as $1.099M, and quit in August.
It didn't help that a comparable house – less attractive or remodeled – right across the street was being offered at the time for at least $200K less. That
…Look Who Found Buyers
Friday, February 8th, 2013 at 2:46pm. 385 Views, 0 Comments.
There's a theme we keep coming back to: What couldn't sell once before, now does sell.
Tight inventory will do that. It's as if you can't fail to sell these days. Even properties that are not on the market.
Two odd houses that have sold recently come to mind.
Way down south on one of the great family walkstreets, 505 7th (3br/4ba, 2750 sq. ft.) has sold off market.
This is a home that ran 5 months on market in 2011 without success.
Here at MBC, in July 2011, we called it "a curiosity in terms of design and layout," noting "echoes of the home's 70s vintage supplemented by newer updates."
This was a fairly gentle way of saying the home was peculiar and needed work. We toured it with clients who'd have loved to be down on the flat walkstreets, but people just…
Tight inventory will do that. It's as if you can't fail to sell these days. Even properties that are not on the market.
Two odd houses that have sold recently come to mind.
Way down south on one of the great family walkstreets, 505 7th (3br/4ba, 2750 sq. ft.) has sold off market.This is a home that ran 5 months on market in 2011 without success.
Here at MBC, in July 2011, we called it "a curiosity in terms of design and layout," noting "echoes of the home's 70s vintage supplemented by newer updates."
This was a fairly gentle way of saying the home was peculiar and needed work. We toured it with clients who'd have loved to be down on the flat walkstreets, but people just…
Cape Cod Grabbed Off-Market
Tuesday, December 18th, 2012 at 4:54pm. 340 Views, 0 Comments.
There are just 9 listings in the popular Tree Section of Manhattan Beach right now, none of them Cape Cods.
There's been a real shortage of homes in that in-demand style throughout the year; this is not just the end-of-the-year blues. (Here's our post from May 2012 lamenting the lack of Cape Cod inventory.)
So what have buyers done? They've trolled the off-market waters.
Earlier this month, we saw 1417 Elm (5br/5ba, 3000 sq. ft.) sell off-market. And what a price: $2.149m.
This one was offered in Fall 2011 for a few months at $2.099m, down to $2.049m.
Those numbers were, frankly, not suited to the times, particularly with a home on the smaller side (3000 sq. ft.) and offering such a postage stamp of a yard. It quit and rented out, as the…
There's been a real shortage of homes in that in-demand style throughout the year; this is not just the end-of-the-year blues. (Here's our post from May 2012 lamenting the lack of Cape Cod inventory.)
So what have buyers done? They've trolled the off-market waters.
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| 1417 Elm |
This one was offered in Fall 2011 for a few months at $2.099m, down to $2.049m.
Those numbers were, frankly, not suited to the times, particularly with a home on the smaller side (3000 sq. ft.) and offering such a postage stamp of a yard. It quit and rented out, as the…
Tale of An Off-Market Sale
Tuesday, November 6th, 2012 at 5:05am. 221 Views, 0 Comments.
Where demand is high and supply nonexistent, sometimes you have to go below the radar to find a house.
Recently Dave was able to help buyer clients looking for a home on MB's famed flat family walkstreets, in an off-market transaction..
Going back several months, when the clients first fell in love with the walkstreets, we said something like, "Great, let's get you a rental down there, and then please be patient. This will take a while."
So it was a pleasant surprise to hear directly from a potential seller of a walkstreet home that nicely suited these clients. We connected buyers and sellers, and the parties reached agreement – quietly, confidentially. The buyers' total wait for a walkstreet home was measured in months, not years.
The home is 409 7th…
Recently Dave was able to help buyer clients looking for a home on MB's famed flat family walkstreets, in an off-market transaction..
Going back several months, when the clients first fell in love with the walkstreets, we said something like, "Great, let's get you a rental down there, and then please be patient. This will take a while."
So it was a pleasant surprise to hear directly from a potential seller of a walkstreet home that nicely suited these clients. We connected buyers and sellers, and the parties reached agreement – quietly, confidentially. The buyers' total wait for a walkstreet home was measured in months, not years.
The home is 409 7th…They Sold 700 35th Again
Friday, June 8th, 2012 at 2:04pm. 159 Views, 0 Comments.
MBC's been around a while, which is how we end up talking about multiple trades on the same properties.
Today's subject is 700 35th (5br/4ba, 3675 sq. ft.), which just sold off-market for $2.190m.
We've raved about this house in the past, even while questioning its public list price. (See "Pricing Poll: 700 35th." Remember, it was late 2008; a lot of people were getting it wrong.)
Besides being a very nice execution of a Cape Cod-ish home (2003 build), it's got a 5400 sq. ft. corner lot along Flournoy, meaning a substantially bigger (south facing) back yard than you'd often find in the Trees, with no neighbor to the west to block your afternoon sun. A part of that 2008 rave:
One of our favorite aspects of 700 35th is the very sense of trees from each room.…
Today's subject is 700 35th (5br/4ba, 3675 sq. ft.), which just sold off-market for $2.190m.We've raved about this house in the past, even while questioning its public list price. (See "Pricing Poll: 700 35th." Remember, it was late 2008; a lot of people were getting it wrong.)
Besides being a very nice execution of a Cape Cod-ish home (2003 build), it's got a 5400 sq. ft. corner lot along Flournoy, meaning a substantially bigger (south facing) back yard than you'd often find in the Trees, with no neighbor to the west to block your afternoon sun. A part of that 2008 rave:
One of our favorite aspects of 700 35th is the very sense of trees from each room.…
MBC Clients' Wish Lists (2nd edition)
Wednesday, June 6th, 2012 at 6:35pm. 161 Views, 0 Comments.
Several weeks ago, we tried something new and asked you, MBC readers, for tips on off-market or pre-market properties that might suit Dave's clients. (See "Whatcha Got?")
We got some nice tips, not all of which suited then-current clients. Some of those properties we heard about early then later came to market and sold.
And some of Dave's clients have closed on properties since that post in March.
Now we have a different mix. A few more clients looking with different parameters, some updates to what our ongoing clients are looking for... So we'll update our request: Have you got something to sell that our buyers might want?
Here's the current "wish list" from great families we're working with who just aren't finding what they need:
• Family home, Trees or…
We got some nice tips, not all of which suited then-current clients. Some of those properties we heard about early then later came to market and sold.
And some of Dave's clients have closed on properties since that post in March.
Now we have a different mix. A few more clients looking with different parameters, some updates to what our ongoing clients are looking for... So we'll update our request: Have you got something to sell that our buyers might want?
Here's the current "wish list" from great families we're working with who just aren't finding what they need:• Family home, Trees or…
What Could Not Sell Does, Again
Friday, May 4th, 2012 at 2:25pm. 166 Views, 0 Comments.
With our low-inventory, high-demand market these days, you keep seeing examples like this.
A property offered in the fairly recent past, unable to find a buyer, now does.
88 Manhattan Ave. (3br/4ba, 2150 sq. ft.) is an updated, 1996 TH with generous ocean views right down a wide street to the west. (See our review from Oct. 2011.)
This one was purchased in 2007 for $2.2m and became a classy rental.
Then, a few times, it was offered back to the market:
But look again. This one just sold off-market and posted at $1.925m.
That's $76k above the last public offering price. (Pssst!…
A property offered in the fairly recent past, unable to find a buyer, now does.
88 Manhattan Ave. (3br/4ba, 2150 sq. ft.) is an updated, 1996 TH with generous ocean views right down a wide street to the west. (See our review from Oct. 2011.)This one was purchased in 2007 for $2.2m and became a classy rental.
Then, a few times, it was offered back to the market:
- For about 2 months in 2009, as low at $1.899m;
- Twice in 2010, for as low as $1.799m; and
- For 2 months in late 2011, for as low as $1.849m.
But look again. This one just sold off-market and posted at $1.925m.
That's $76k above the last public offering price. (Pssst!…
Buy Low, Sell High on 33rd
Thursday, April 19th, 2012 at 4:26am. 213 Views, 0 Comments.
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| 660 33rd |
Updated to 2012... since it has just re-sold.
This is a newer home that first hit the market in June 2008 (uh-oh!) seeking $3m.
Oh, those spec builders were pushing and pushing. And some were late to the game.
In November 2008, with the price down a trickle off $3m, MBC described it as:
truly not our kind of newbie, but it is vast... and it has its style points. What we find garish about the stonework, others will find opulent.
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| Kitchen at 660 33rd |
The foreclosure was in Oct. 2009, which many would mark literally…
Whatcha Got?
Thursday, March 22nd, 2012 at 7:12pm. 234 Views, 0 Comments.
If you're reading regularly, you know that real estate inventory in MB has been tight for months. Too many buyers, too few options.
The blog author, Dave Fratello, also represents several buyers who are among those looking. These are very well-qualified buyers and great families who just aren't finding what they need.
So we're just going to straight-up ask: Have you got something our buyers might want?
MBC's readership includes hundreds of local homeowners, residents and agents, not to mention plenty of people monitoring our market for the possibility of buying in some day.
So who can help us connect the great families we know with the homes they're looking for?
Here is an overview of our clients' Wanted Properties:
• MB Trees: 4-5br, ~3000 sq. ft., good…
The blog author, Dave Fratello, also represents several buyers who are among those looking. These are very well-qualified buyers and great families who just aren't finding what they need.
So we're just going to straight-up ask: Have you got something our buyers might want?
MBC's readership includes hundreds of local homeowners, residents and agents, not to mention plenty of people monitoring our market for the possibility of buying in some day.
So who can help us connect the great families we know with the homes they're looking for?
Here is an overview of our clients' Wanted Properties:• MB Trees: 4-5br, ~3000 sq. ft., good…
Third Spanish TH Asks the Most
Thursday, March 8th, 2012 at 12:30am. 166 Views, 0 Comments.
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| 2216 Manhattan Ave. |
We've had a few of those cases recently around town, but not this time.
Many townhomes look alike, especially this one, as it is in the same building as 2 other recent sales.
Yes, any buyer looking at this Spanish, beach-close TH (with 4br/4ba, 2580 sq. ft.) is going to have 2 recent sales to use as barometers – same building, same vintage (2007), similar views, and sales in both 2007 and 2011.
The third TH in this building to be offered for sale recently is now coming out at the highest price: $2.599m.
Neighbor 2212 Manhattan Ave. (4br/4ba, 2600 sq. ft.) sold off-market last April for $2.5m. (More on that in a sec.)
But…
