The new MB Market Update spreadsheets are available: download the 5/15/08 update by clicking here (note: this one is revised, fixing layout problems), or at any time by using the link at the upper-right corner of the main MBC page. Information in this update closed May 15.
This is the second of 3 articles describing…
The new MB Market Update spreadsheets are available: download the
5/15/08 update by clicking here (note: this one is revised, fixing layout problems), or at any time by using the link at the upper-right corner of the main MBC page. Information in this update closed May 15.
This is the second of 3 articles describing market activity May 1-15; again, shooting for shorter this round...
Sand SectionThere were 36 active SFRs on May 15.
The biggest news was the raft of sales (new escrows),
7 in all, so we’ll start there:
- 437 1st, a 2007 purchase ($1.450m) that was tidied up and last offered at $1.65m;
401 3rd (pictured), a large remodel that may have been "underpriced" in a way that only a $2.7m home in the South End could be – lasted less than 2 weeks;
- 408 6th, the midblock walkstreet home that we're hearing is sold to a builder – last at $2.099m;
- 2211 Highland, twice surprising us as a listing on Highland that went quickly (listed at $1.399m);
- 324 25th, a new listing of an older, smallish (1400 sq. ft.) home on a midtown walkstreet east of Highland, which didn't last a week at $2.2m; and
- 125 31st, a contemporary in a sleepy walkstreet block of the North End at Manhattan Ave., last at $3.399m.
Meanwhile, just 3 other new listings, including:
- 217 35th Pl, perhaps a lot sale, given that the status of the converted duplex is not that of a dream home – at the corner of two alleys. Clear second-place finisher in MBC's "most delusional" poll last week. Started at $1.5m, about 50% above the March 2006 purchase price; and
- 204 38th St., a small "as-is" cottage on a half-lot (1350 sq. ft.) priced at $899k, which sold the day after our report window closed.
Several listings made cuts, including:
473 31st, a new home (pictured), took another $150k off, now -$251k/-8% at $2.999m;
- 341 10th, which took another $196k off, now -$301k/-10% at $2.999m;
- 448 27th, a fairly large (2650 sq. ft.) 2br home, took off another $100k to -$190k/-9% below start, now at $1.899m; and
- 417 28th took its first $201k off, now -6% at $3.298m (with a bogus re-list to boot).
There were 3 closed sales:
- 3200 Alma at $1.909m, $10k above asking – recall that this one sold quickly in late March (see story here);
- 207 Homer, another quick sale, at $1.715m, just -$64k/-4% from asking; and
- The "brownstone" (pictured) at 428 27th went for $2.712m, -$186k/-6% from the start at $2.899m.
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 30th, 2023 at 11:33am 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.
