With our low-inventory, high-demand market these days, you keep seeing examples like this.
A property offered in the fairly recent past, unable to find a buyer, now does.
88 Manhattan Ave. (3br/4ba, 2150 sq. ft.) is an updated, 1996 TH with generous ocean views right down a wide street to the west. (See our…
With our low-inventory, high-demand market these days, you keep seeing examples like this.
A property offered in the fairly recent past, unable to find a buyer, now does.
88 Manhattan Ave. (3br/4ba, 2150 sq. ft.) is an updated, 1996 TH with generous ocean views right down a wide street to the west. (See our review from Oct. 2011.)
This one was purchased in 2007 for $2.2m and became a classy rental.
Then, a few times, it was offered back to the market:
- For about 2 months in 2009, as low at $1.899m;
- Twice in 2010, for as low as $1.799m; and
- For 2 months in late 2011, for as low as $1.849m.
None of those listings panned out.
But look again. This one just sold off-market and posted at $1.925m.
That's $76k above the last public offering price. (Pssst! Hey buyer, you coulda had it for less!)
We mentioned another flashback sale a month ago – that being 2808 Elm, a darling Cape Cod in the Trees with a history of failing to resell. In "What a Difference a Year Makes," we noted that Elm had been offered in 2010 and 2011 for prices as low as $1.979m. This year, hitting the market 11% higher at $2.199m, it found a quick deal (8 DOM) – though it's still listed looking for "backup offers" 4 weeks later.
You have the sense with both properties – had these buyers been alert and ready last year, they could have saved some money. But that's Spring 2012 for you.
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 11:17am 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.
