Fall is a strange time to enter the market, unless you can make it work for you.
Two listings freshly back before the public have done just that.
2901 Oak (5br/5ba, 3250 sq. ft.) was mentioned here only 2 weeks ago (see "Renting Can Cost You, Part II").
The home was new in 2008 and offered then at $1.995m. A quick…
Fall is a strange time to enter the market, unless you can make it work for you.
Two listings freshly back before the public have done just that.
2901 Oak (5br/5ba, 3250 sq. ft.) was mentioned here only 2 weeks ago (see "
Renting Can Cost You, Part II").
The home was new in 2008 and offered then at $1.995m. A quick sale posted last Summer, but no deal closed. (We later heard it was more of a lease-option deal that the tenant/buyer recently chose not to exercise.)
Offered in October 2009 at
$1.699m, it now has a deal again.
How many new homes in the Tree Section have lingered for months or years?
Two weeks to make a deal is impressive. For a home on Oak, it's startling. Price will do that for you.
Another October success story:
132 2nd.
This one's been on and off the market for more than a year. It quit in late Summer. But now it's got a deal, also after 2 weeks of fresh exposure in the Fall.
To recap the recent history again:
[F]or reminder's stake, 2nd had a deal (off-market) last year for $6.225m (see "Riches Slip Away") that fell apart; it later hit the market at $6.0m and didn't sell. This year it began at $4.5m and dropped to $3.795m, barely, almost desperately, holding above the $3.5m acquisition price from April 2005.
The listing was at
$3.795m when it began this time. Yes, that's a markup – however modest – over 2005, which is not the norm around town these days, with exceptions. (See "
How Resales of '03-'06 Purchases Are Faring.")
Hey, a big (4br/5ba, 4300 sq. ft.) South End walkstreet home, west of Manhattan Ave., is going to hold value pretty well compared to other parts of MB, isn't it?
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 May 2nd, 2024 at 6:15pm 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.