June is just about a wrap, and the first half of 2010 gave lots of people cause for optimism about the local RE market. (See "Front-Line Views of the Rally" and "Looking Back at Q1 '10.")
But, of course, not everyone who has tried during this period actually sold.
Some recent quitters:
June is just about a wrap, and the first half of 2010 gave lots of people cause for optimism about the local RE market. (See "Front-Line Views of the Rally" and "Looking Back at Q1 '10.")
But, of course, not everyone who has tried during this period actually sold.
Some recent quitters:
- 505 N. Dianthus (5br/4ba, 4650 sq. ft.) is fairly new (2002) and plenty big, with city views to the north.
The house was vacant, and the listing ran for 5 months, quitting after a single, perfunctory cut to $2.899m. You'd have thought they might have tried a bit harder to find the market.
Back in April 2003, the current owners paid $2.125m. We'll have to assume this one rented out. Maybe greener pastures await.
- 801 11th (3br/3ba, 3050 sq. ft.), also in the Hills, was a newer (2004) custom homeoffered as a short sale (an "approved" shortie, no less), with foreclosure right around the corner. MBC called the home "a veritable steal for a fairly large Hill Section house" at $1.6m, despite its proximity to Pacific, MBB and a commercial property. (See "Two Hill Returnees.")
- 433 32nd (3br/3ba, 1825 sq. ft.) up on the plateau is a neighbor of 2 similarly sized active listings on the same block (445 32nd and 469 32nd, both at $1.299m). 433 popped up in April with the entreaty:
"Hurry! This one won't last!"
The modest 1970s build ran just 2 months from $1.599m down to $1.475m, but quit – hey, it didn't last! – and is now up for rent.
- Also up on the plateau, 473 34th (3br/4ba, 3175 sq. ft.) (pictured) a custom, newer (2005) home ran 4 months, with slight price changes moving from $2.250m down to $2.199m. No takers.
- 3508 Poinsettia (5br/4ba, 2250 sq. ft.) had a location issue – being north of 35th will limit your buyer pool – but it did have 5br and a swimming pool.
Perhaps ambitions ran too high at $1.389m, given the 2004 purchase at $1.1m.
- 1144 Elm (5b/5ba, 3300 sq. ft.) was a new home when it debuted 2 years ago as the Tree Section's first new-construction home in years priced below $2m. (See "First Newbie Under $2m.")
After a couple of years as a rental, it came back this year priced below $1.6m. (See "First Newbie Under $1.6m," which takes note of several sub-$2m new-construction sales in 2009.) Alas, it looks like another rental term must be under way.
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 July 21st, 2024 at 10:30am 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.