It's been about 3 years since the last public auction in Manhattan Beach. Sunday, they held one at 1761 Voorhees in East MB.
The 2009 auction lasted 90 seconds. This one, too.
Seems like most of the people we chatted with on site Sunday were observers, no dog in the hunt. People were just curious about how the spectacle of a home auction unfolds.
MBC readers, you were virtually there. You can check out our 4-minute video here. (Dave's intro and postgame added a bit to the length.)
Now, those of you who aren't keen to play the video right now are going to be wondering: How much did it sell for?
You'd love it lower, but if you can buy it under $1.4m and do the work efficiently, you might move in by mid-2013 and not be underwater.
And in the video, you'll catch Dave underscoring that theme, calling the final auction number: "pretty much the right price here."
At the moment the auction closed, you can overhear someone else saying they thought it would have gone for more. But we don't think he had a yellow bidder's card.
The auction now moves into a 60-day court-approval process. At the final stage, anyone can come in and bid 5% + $500 more and overbid the auction winner. In this case, to beat the auction winner, they'd need to offer $1,386,500. That number feels wrong now. But there's time for it to all play out.
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 July 16th, 2024 at 2:55pm 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.