About 3 weeks ago, we heard a buzz developing about a new Tree Section listing – 1308 Elm.
It was coming on the market at $1.2m and was pretty cute, with decent square footage for an old cottage. (Hence "Cutie.")
Maybe it would be the perfect starter for a sidelined buyer waiting to get into MB.
Might it go quickly as…
About 3 weeks ago, we heard a buzz developing about a new Tree Section listing –
1308 Elm.
It was coming on the market at
$1.2m and was pretty cute, with decent square footage for an old cottage. (Hence "Cutie.")
Maybe it would be the perfect starter for a sidelined buyer waiting to get into MB.
Might it go quickly as a result? Or would a slowing market take its toll?MBC tried a different kind of poll: Instead of asking readers to guess the right price, we asked you to guess how long the home would remain on the market. (See "
How Fast Will Cutie Go?")
You may have noticed how the question we called contained the assumption that 1308 Elm
would sell.
Well, if you voted in the poll while sharing that assumption, you can crumple up your bet tickets and toss them on the ground.
You see, Cutie went fast, but not like we thought she might. Pulled up lame on the first turn, in fact.
1308 Elm has been rented, so the listing canceled with 18 DOM.
The winners in our poll were the tiny minority of
12% who said Cutie "Won't Sell." (See complete results in "
Sorry, Cutie.") They were right in a big way.
It's worth noting again that this home was purchased most recently in Sept. 2003 for
$840k. (See the
first story for the full recent sale history.) Were it to have sold for anywhere from $1m-$1.2m this time, the owners might have taken a nice profit away with them. Instead, they'll hold it a while longer.
Please see our blog disclaimer.
Listings presented above are supplied via the MLS and are brokered by a variety of agents and firms, not Dave Fratello or Edge Real Estate Agency, unless so stated with the listing. Images and links to properties above lead to a full MLS display of information, including home details, lot size, all photos, and listing broker and agent information and contact information.
Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2024 at 4:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.