How about a $5m+ deal in less than 3 months?

That's what they have pulled of at 128 9th (4br/5ba, 4100 sq. ft.), a brand-new modern with, you might say, some Asian influences.
(Listing can still be viewed while in "backup offer" status.) When this one began in July, MBC steered readers over to see it (see "Weekend…
How about a $5m+ deal in less than 3 months?

That's what they have pulled of at
128 9th (4br/5ba, 4100 sq. ft.), a brand-new modern with, you might say, some Asian influences.
(Listing can still be viewed while in "backup offer" status.) When this one began in July, MBC steered readers over to see it (see "
Weekend Opens (7/11-7/12)"), but also expressed some concern that there'd be a negative from the fact that the home's eastern wall abuts a commercial building.
There was some adjustment for that. After a start at
$6.499m, 128 9th cut over a million bucks to
$5.395m (-$1.104m/-17%) shortly before making this deal.
Still, a final price near that level will be impressive, and it is going to make 2009 competitive with 2008 on one score. Last year, the highest price paid in the Sand Section was
$5.6m for
200 19th (5br/4ba, 4200 sq. ft.), a brand new Cape Cod with a superior location. (See "
High/Low Prices for 2008.")
This year has seen more Strand sales at higher prices, but 128 9th and one other new home at
224 7th (5br/5ba, 4200 sq. ft.), which sold for
$4.9m in May, seem most comparable to last year's high water mark.
We're pretty sure we saw an escrow post on this one before that did not work out, but bigger-dollar deals are happening in town these days with some regularity, and not feeling quite as shaky as earlier in 2009.
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 December 9th, 2023 at 4:15am PST. 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.