Didn't Take Long

By Dave Fratello | February 1st, 2013
Last weekend, we featured 6 new listings in our review of weekend open houses.

One had sold by the time we posted the story, now 2 more have as well.

The 2 newest quick sales:

1221 6th (5br/4ba, 4230 sq. ft.), a newer (2005) Cape Cod on a very decent block not so far east of the highway.

It's a little different in how the house is oriented on the lot, largely forgoing a front yard in favor of sideways-situated garages and a big driveway. We speculated that this was the choice to deal with a downsloping lot, meaning less of an impact in the house itself – avoiding giving it too many levels.

We said last week: 

It's got space, light and style in droves, and it's hard to imagine that it lasts very long at the somewhat new asking price of $2.099M. That's the way things seem to be going.
And, yes, it's now gone.

Worth noting: Brand new in 2005, this one sold for $2.495M, which sure looks high in retrospect, then resold pretty recently, in March 2011, for $1.965M.

472 29th (5br/6ba, 4600 sq. ft.) is an extra-large, newer (2003) home up on the plateau in the Sand Section.

The normal lot size up here is 2700 sq. ft., but this one's 3000, and the usual max square footage is around 4200, but look at that: 4600 here.

It's a lot of house just a few steps, it seems, from school, and not at all bad for a walk down to the beach.

This one was promoted as a pocket listing late in 2012 at $2.899M, the same price it debuted at on the MLS about 10 days ago.

That number always seemed ambitious, even with the square footage, but these days, sellers seem not to be punished much for reaching for the stars when establishing a start price.

Super Bowl weekend is upon us, and while we'll have a little trickle of new offerings this weekend, it's next week when everyone's crossing their fingers that we can start to see a nice run of new inventory to satisfy the demand that's been out there for a while.

The return of pre-crash pricing may inspire more sellers, including those who bought during the bubble – but we'll see.


If you are looking for a solid family home east of the highway, please email Dave about an upcoming listing with 4br/3ba, 3200 sq. ft., nicely remodeled. It may not make it to the MLS, so check in soon if you can.

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