There are currently 47 blog entries related to this category.
Tuesday, April 16th, 2013 at 5:47pm. 192 Views, 0 Comments.
The story is one we keep writing over and over: Houses that couldn't sell before, have sold recently.
Does it always happen, though?
How about one of the most difficult listings from 2012? How will it fare now that it's back?
And how about its new price increase? Will that stand up?
We're talking here about 1701 Gates Ave. in East MB.
The listing fairly dares this market to prove that everything really is different in 2013. Approaching one year since it debuted, the listing has now increased in price by 13%.
In May 2012, 1701 Gates (4br/3ba, 3390 sq. ft.) launched at $1.598M.
No action through Summer. It went on "hold" in August.
In October, 1701 Gates returned $100K lighter at $1.498M.
The listing ran another 5 months like…
Thursday, January 17th, 2013 at 1:14am. 279 Views, 0 Comments.
What we do see here and there now is the return of 2012 listings that didn't catch on. They always meant to sell, but took the holidays off.
Here's a recap of the newest returnees:
810 1st (5br/5ba, 4850 sq. ft.) is an 80s original on a big, flat, 9425 sq. ft. lot with some very nice ocean views – surprising, perhaps, for a house that's so close to Ardmore.
The issue here is that absolutely everything needs a 21st-century update. That takes vision and will take some cash. At the end, we see potential for a terrific house, but you've got to buy it at the right…
Tuesday, October 23rd, 2012 at 1:57pm. 158 Views, 0 Comments.
Meantime, another listing from last year is back this year, lease having expired, looking for a nice markup this year – even though they couldn't sell last year.
We welcome these listings back – though 2 never left – and wonder what may become of them.
It's of special note that they're making these moves in late October. Not exactly a hot time in a normal market. Will we see these listings continue into next year?
1030 1st (5br/5ba, 4300 sq. ft.) is a mid-90s Mediterranean built into a very favorable position high up the hill.
In our July review, we referred to the "huge, huge PV & ocean views, made possible as the hill drops down and…
Tuesday, September 25th, 2012 at 1:59pm. 172 Views, 0 Comments.
We'll take a look at several listings that have quit this year.
Some clearly did not suit the market, some were overpriced, and some just got yanked due to the sellers' own change of circumstances – like not finding anything worth trading up or down to in a low-inventory market. (The math on that would be: No inventory = No sale.)
No doubt we'll see some again next year.
217 9th (3br/3ba, 1725 sq. ft.) didn't surprise us this time.
We've noted before that this modern/green SFR surprised us with its $3.0m sale when new in 2007. We were prepared to be shocked again if it traded this year, but didn't really expect it.
This home residence…
Tuesday, September 18th, 2012 at 3:55pm. 183 Views, 0 Comments.
You may see it as a "new" listing now, but that's not quite the case.
Built new as a spec home in 2006, this Craftsman-accented home (5br/5ba, 3100 sq. ft.) tried at $2.5m in May 2007.
$2.5m... on Oak.
The listing ran through September 2007, about 5 months in total, dropping down to $2.1m.
But by Fall 2007, the writing was on the wall. This was not happening. The market had gone from strange, to declining, to tumbling.
It rented out.
But you've seen it recently. For a while.
2105 Oak re-emerged in May 2012, 5 full years after its first offering.
Asking price: $1.999m. (Can we just call it $2.0m?)
It's been out there for a while. In a warm-to-hot market, it ran 4+ months on market with no takers.
Intriguingly, a roughly similar…
Thursday, February 9th, 2012 at 3:15pm. 143 Views, 0 Comments.
Even the burblings about upcoming or maybe-upcoming listings are limited, and quiet.
Disappointment gets doubled when you see, among the "new" offerings, mostly retreats of failed listings from last year. For example:
1808 Pine (3br/3ba, 1725 sq. ft.) ran about 5 months last year starting in May.
They began at $1.130m and came down to $1.030m, but restart now at $965k.
That remains high because, while the home has location going for it, inside and outside, it needs a lot of help. The "one-of-a-kind design" (per the old listing) is not very attractive. The separate garage out…
Thursday, January 12th, 2012 at 7:57pm. 188 Views, 0 Comments.
What, no offers yet?
What to do, then? How about a re-list?
That was this morning's resolution to the problem of how to build interest and generate activity around a 6-month-old listing with a new price and situation.
At least they cut $100k at the same time. Once upon a time, someone said that a $100k cut makes it a whole new property. (Strange but true.)
So 19th is now at $2.695m, barely above the relatively rock-bottom price once paid for Reagan's Suit (121 17th) back in June 2010 ($2.6m). That was the cheapest 100-block/teen-streets land sale in recent years – though the buyers switched it up and used the structure for a cool remodel, defying expectations.
Can you actually get 130 19th…
Tuesday, September 13th, 2011 at 4:07am. 145 Views, 0 Comments.
Here are the runtimes for the previous listing agents at 305 18th (5br/4ba, 3125 sq. ft.):
- 25 DOM
- 35 DOM
You might parse that first listing differently. In that unusual case, 2 listing agents from different brokerages had the task. Maybe that's really 12.5 DOM per agent. Quick hook, regardless.
Word is, those first agents got fired after they drew in an offer. Bad agents!
Maybe no one has figured out how to market the property correctly. But here's a look at the list prices:
Thursday, July 7th, 2011 at 4:17am. 148 Views, 0 Comments.
We reviewed the home back in early May, when the listing was new. Or was it?
Because 2322 Laurel Bluff is back, after a period off market of... well, less than zero.
The new listing you'll see now popped up 45 minutes before the May 2011 listing "expired."
The new "DOM": 1. Actual DOM: 62. (To be fair, the "combined days on market (CDOM)" figure seen by agents still says 62.)
Was there something new in this re-list? Price is exactly the same as the start at $1.715m. Same agent(s). We're not seeing the newness, except that new MLS #.
Since we're all into recycling, here's…
Tuesday, March 29th, 2011 at 10:45pm. 137 Views, 0 Comments.
This week there's one bogus re-list price increase with a clock reset at 224 34th (4br/4ba, 3700 sq. ft.), which has been on public offer since January.
We took note of the listing when it was new because it's a 2006 (peak-year) purchase looking for a 2011 resale for slightly more than was paid 5 years ago. (See "Not Rewinding on 34th.") If they were to pull that off, it'd be some kind of news, with most resales these days closer to 2004 prices.
Here's the recent history:
- Aug. 2006 sale price (public records): $2.925m
- Sept. 2006 sale price (MLS): $3.000m (inflated for reporting purposes because buyer's agent did not take a