If the "new" listing this week at 513 N. Dianthus (3br/3ba, 2770 sqft.) in the Hill Section looks familiar, that just means you've been paying attention.
This listing's first day active, April 13, 2023, was precisely one year to the date after is prior sale (yes, April 13, 2022).
This listing's asking…
If the "new" listing this week at 513 N. Dianthus (3br/3ba, 2770 sqft.) in the Hill Section looks familiar, that just means you've been paying attention.
This listing's first day active, April 13, 2023, was precisely one year to the date after is prior sale (yes, April 13, 2022).
This listing's asking price, $3.199M, is precisely $1,000 less than the April 2022 acquisition price, $3.200M.
But it's the more recent listings that may have fixed in your memory. The home's been almost continuously offered for sale since August 2022.
This week's listing is the third separate listing (and third separate listing agent) since that August listing last year. The asking prices over time:
$3.600M (Aug. 2022)
$3.500M (Sept. 2022)
$3.450M (Oct. 2022)
$3.349M (Nov. 2022)
$3.295M (Dec. 2022)
$3.290M (Feb. 2023)
$3.149M (March 2023)
$3.199M (April 2023)
Now, the original rationale for the boosted price in Aug. 2022 was that the home had just been upgraded after the April purchase.
A warm, taupe-inflected, Mediterranean-light remodel inside when the house was purchased was overwritten with more of a modern vibe. (New flooring, lots of white paint, and some changes to tile etc.)
Alas, one bigger thing changed between the April purchase and the August listing: The market.
If you've been pinned under a rock for about 9 months and don't know what we're talking about, feel free to send a quick email, and we'll catch you up about the late-2022/early-2023 real estate market in Manhattan Beach.
Obviously, the seller's efforts to get out of Dianthus with purchase costs and remodeling costs covered have not been successful.
Even today, while listing $50K over the price that's been on the property for 6 weeks, they're not aiming for a number that will really recoup costs.
But, has something else changed again?
The market?
Again?
All over the South Bay, the Spring market is starting to get busy, loud and competitive. So-called "entry level" homes (this is all relative, folks) are where a lot of the action is.
Does this change help Dianthus?
They already say that being the third agent is the luckiest spot to be in. If a home didn't sell twice, it will probably sell with the third agent. (For reasons.)
It's luckier still to take over when the wind shifts. Watch this one.
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 April 26th, 2024 at 9:11am 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.