Call it 6 months ago.
Someone holding a newer ocean-view townhome in MB thought something like this: "Market's hot. Wonder how much I could get for this house?"
And so, the 2009-built El Porto townhome at 312 44th (4br/3ba, 2675 sq. ft.) was listed, as a FSBO, at $2.700M.
That would have been an absolutely extraordinary price, if they could even come close.
We noted in "Double Your Money?" that the same TH had sold new for $1.269M in Jan. 2011. (That post includes more of a deep dive into the original, ambitious, late-bubble project in which this TH was built.)
In February this year, they were looking to more than double their purchase price in 3 years.
Alas, they did not.
The FSBO string played out. Various agents made their pitches to the would-be……