A couple of properties have hit (or "re-hit") the MLS with the old quickie-relist tactic this past week. Do they feel new?
Meantime, another listing from last year is back this year, lease having expired, looking for a nice markup this year – even though they couldn't sell last year.
We welcome these listings back –…
A couple of properties have hit (or "re-hit") the MLS with the old quickie-relist tactic this past week. Do they feel new?
Meantime, another listing from last year is back this year, lease having expired, looking for a nice markup this year – even though they couldn't sell last year.
We welcome these listings back – though 2 never left – and wonder what may become of them.
It's of special note that they're making these moves in late October. Not exactly a hot time in a normal market. Will we see these listings continue into next year?
1030 1st (5br/5ba, 4300 sq. ft.) is a mid-90s Mediterranean built into a very favorable position high up the hill.
In our July review, we referred to the "huge, huge PV & ocean views, made possible as the hill drops down and away to the south."
But we also pointed to some concerns over the upside-down layout, uneven upgrades to this 90s house, and difficult yard access.
The listing began at $3.295m, ran 77 DOM and quit in late September.
It was back this weekend after a 3-week break. Back at the same price, though with a different agent.
Different results? TBD.
1826 Marine (3br/2ba, 1400 sq. ft.) is one we called a "nicely remodeled" house that could work as an entry-level home or for "some investor to make it a perfectly nice rental."
Location looms large here, just several doors west of Aviation Blvd. in further East MB and along busy Marine. (The listing memorably [still] says, "Marine is quieter than you think... don't let the address fool you!")
This one began not so long ago (late August) at $805k. It ran 6 weeks (43 DOM), trimmed down to $779k, then quit... and was back.
The "old" listing was gone and was replaced 25 minutes later by a "new" listing – same price, same agent.
This bumps it up on the "what's new" radar, but there ain't much else new.
3204 Poinsettia (3br/2ba, 1750 sq. ft.) is worth another mention in this context.
As we noted just this past weekend, it's "a sharply remodeled Tree Section house with a recent history of not selling."
Last year, even $1.299m couldn't get it sold. The house rented out instead.
This year, now that the renters have left, it's back quite a bit higher at $1.489m (+15%).
Sure, they came back this year into an environment that feels categorically different. But 15% different?
This one could be one of those "soft" indicators to watch.
Our median price is up 4% west of Sepulveda from last year, so the 15% doesn't make sense in that context. But demand is probably stronger than last year, so how do those trends tie together on a property that failed to transact just last year? As we said, one to watch.
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 20th, 2024 at 4:10am 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.