DOM

If you launch your listing in the first part of the year, how long will it take to sell?

And how does our hot-hot-hot 2013 season compare against recent years?

We're taking a stab at answering those questions with a look at historical data on average DOM for listings that launch early in the season. Consider this a preliminary report.

We took a look at data on Manhattan Beach listings that launched between Jan. 1-Feb. 28 in each of the past 5 years, including 2013.

We focused only on those that actually sold. To narrow the data more, we looked only at SFRs west of Sepulveda.

You quickly see a pattern that is expected, in a way – listings launching in the very difficult early days of 2009 had the hardest road to selling, averaging 102 DOM before finding

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337 16th

They were the best of times, they were the worst of times. And then the calendar flipped to 2012. 

This year, we saw a deal post at one of the homes with the greatest market exposure in Manhattan Beach over the past 5 years. That's 337 16th (4br/5ba, 4550 sq. ft.), which has exceeded 1,000 DOM since 2007. That's some kind of record for persistence.

We summarized the listing history in our last reference to the property:

• 5 months in 2007 (mostly at $4m);
• 6 months in 2008 (mostly at $3.8m);
• 2 months in 2010 (at $3m); and
• all of 2011 and 2012 (at $3m, down to $2.699m).

The listing first went into "backup offer" status in mid-February, so call that 6 weeks of 2012.

Now the deal has closed at the most recent asking price: $2.699m. (Side note: The agent who has…

It's easy to get caught up in the news of this year's rush by buyers to snap up new listings. Yet some offerings aren't seeing that kind of quick action.

Among those to linger – just a bit – there's quite a range. Let's look at them by submarket; focusing on truly new 2012 listings. (We'll cover west of Sepulveda here first, but East MB will get its due.)


Tree Section: Rosecrans-Adjacent Division

3609 Oak

3609 Oak (3br/2ba, 1100 sq. ft.) is small, but largely updated with a good yard. After a launch at $975k in mid-February, it cut substantially on Tuesday to $899k.

3601 Elm (5br/3ba, 2400 sq. ft.) is one of the better homes on offer in the Trees now, a very sharp remodel. Yes those are 5br, and the gardens are a big plus, if you dig that sort of thing. (See ……

Halloween's approaching, and there's plenty of deadwood – don't be scared! – on the market.

Yesterday we looked at a few listings that were at least trying to draw notice with a cut or two (of the non-bloody variety). Here we ask who's lingered the longest, whatever cuts they've made. Will this be the year for any of them?

Nearly 500 DOM

We had almost forgotten that 913 Highview was still on the market. Maybe buyers have, too.

MBC's last major reference to the property was in early December 2009, noting that it "looks like it'll hang around for the holidays, and sometimes that means the sellers mean to make a deal at some point."

"At some point" – we weren't thinking Christmas 2010 at the time.

The home is elegant, newer (2004 build) but relatively compact…