Disqus - Latest Comments for mbwatcher

Re: What Up in East MB Near $2M?

MBwatcher — Wed, 23 Apr 2014 16:44:52 -0000

Aha Bubba, you were right. I needed to make a fix to the first version. Thanks.

Re: Voorhees FSBO Gives Up, Hires Up

MBwatcher — Thu, 08 Aug 2013 10:15:14 -0000

The FSBO in the Sand you're thinking of is probably 3601 Crest. That ran a month and is now listed with an agent. Just cut to $1.949M.

Re: Sunday Opens (3/10)

MBwatcher — Mon, 11 Mar 2013 12:37:33 -0000

Horses, I agree that's below market but there is the hassle factor of it being short term (6 months then mo-to-mo) which is very likely because they're drafting plans for a remodel/rebuild and then they boot the tenant...

Re: East MB En Fuego?

MBwatcher — Fri, 08 Mar 2013 14:44:55 -0000

Well stated, Horses.

Re: Weekend Opens (2/22-2/23) | Manhattan Beach Confidential

MBwatcher — Mon, 25 Feb 2013 11:33:42 -0000

MB F/D, send me an email

Re: Weekend Opens (2/9-2/10) | Manhattan Beach Confidential

MBwatcher — Sun, 10 Feb 2013 10:05:55 -0000

317 27th is looking for backups so they should have done the open, IMHO. 420 36th is "on hold," open house canceled, will come back to market in March.

Re: Look Who Found Buyers | Manhattan Beach Confidential

MBwatcher — Sat, 09 Feb 2013 01:36:23 -0000

Commenting on commenters is kind of meta, MBNovice, but not necessarily off topic. Ooops, I'm commenting on a comment about commenters. Sorry.

Re: Spring Rush Starts Out Pricey | Manhattan Beach Confidential

MBwatcher — Thu, 07 Feb 2013 19:53:11 -0000

Bubba, I am as shocked as you are re: 3309 Pacific, working on a post with reference to its longer history.

Re: Spring Rush Starts Out Pricey | Manhattan Beach Confidential

MBwatcher — Wed, 06 Feb 2013 18:32:48 -0000

1633 Nelson: Sold to a developer in '06, offered as a short sale 2011-12, stuck in short sale limbo since Feb. 2012, NODs in '12 and foreclosure sale notice issued Dec. 2012, but I don't see any further resolution to it yet. Temporarily posted as "sold" in Nov. 2012 in error (automatic switch to sold after a certain number of months in escrow).

Re: Saturday Opens (2/2) | Manhattan Beach Confidential

MBwatcher — Mon, 04 Feb 2013 10:16:42 -0000

Carey: Seller aspirations? Remember it started as a FSBO, which are frequently quite high-priced. Then dropped $1K when it hit the MLS. Give it time.

Re: 2012 Sales & Medians West of Sepulveda | Manhattan Beach Confidential

MBwatcher — Wed, 30 Jan 2013 13:52:54 -0000

There are some off-market sales that go unreported for peoples' individual reasons. But most sales arranged off market do get reported on the MLS. So your point about demand driving off-market sales is valid. (I arranged 2 last year.) No dispute there.

The truly hard point to get at is how many sales weren't reported, and are therefore out of these data sets? You can have your 4x greater demand without 4x greater unreported sales... that's my point in saying, simply "we don't know" if unreported off-market sales would have changed the 2012 data.

Re: 2012 Sales & Medians West of Sepulveda | Manhattan Beach Confidential

MBwatcher — Tue, 29 Jan 2013 23:43:58 -0000

Horses, this is a question that can only be answered with data. Do you have the data? Because I don't.

And to be clear, the point is: Was there an unusually large % of _unreported_ off-market sales? If yes, then the resulting (interesting) question is: Would data from those sales have skewed the median price and/or sales totals significantly?

Frankly this requires a deep-dive into data that is probably not worthwhile for anyone, though it would be fun to know.

Re: The Year's Quitters | Manhattan Beach Confidential

MBwatcher — Thu, 17 Jan 2013 02:05:09 -0000

Too much for too little? Great location with potential, even in the current house, but you'd really like to see the views featured better in a modern house.

Re: Weekend Opens (1/12-1/13) | Manhattan Beach Confidential

MBwatcher — Sat, 12 Jan 2013 23:03:32 -0000

Yes, a much more original-looking house at the corner of 1st/Morningside shares the lot with 332 1st Place, though the structures are separate.

Re: Weekend Opens (1/12-1/13) | Manhattan Beach Confidential

MBwatcher — Sat, 12 Jan 2013 13:25:24 -0000

Any TH or condo has shared land and rules associated with the land and use of the property. TH or condo are legally the same, though "condo" for most people connotes a larger building; TH is an informal term. Standalone/ detached TH distinguishes it from attached units with shared walls, but any joint rules still apply. SFRs include the free use of the land underneath without duty/ restriction from any other property.

Re: First Listing of 2013 Has a Deal | Manhattan Beach Confidential

MBwatcher — Fri, 11 Jan 2013 12:32:34 -0000

Yep Horses, I was wondering about Alma. I'll see it today and get the story. I guessed they meant to do some kind of remodel and found they couldn't pull it all together. TBD.

Re: Let the Market Decide | Manhattan Beach Confidential

MBwatcher — Fri, 07 Dec 2012 23:08:54 -0000

28th has a tenant problem of some nature, sounds like BS to me but it is taking time to resolve.

Re: Let the Market Decide | Manhattan Beach Confidential

MBwatcher — Wed, 05 Dec 2012 16:35:46 -0000

Add to this mix today's closing at 1536 21st, a polished but original "Roth" built home with a very odd feature of garage access to the master. Bid up from $1.199m start to $1.300m close.

Re: Quick 23% Markup Fails | Manhattan Beach Confidential

MBwatcher — Tue, 04 Dec 2012 09:39:27 -0000

Watch out – rumor is this one will actually close for a $200k markup, +8% over April, +$60k or so net to seller after costs of sale. And Novice, not sure how to answer your q but will see if I can find something.

Re: Mortgage Tax Credit in the Crosshairs? | Manhattan Beach Confidential

MBwatcher — Thu, 29 Nov 2012 19:27:37 -0000

Point there was that you could see a shock at first until prices adjust. In time, yes, you'd see prices down and "affordability" (which factors in price, rates and deductions) balancing out again. It's touchy to calculate the impact of subidies like this.

Re: Quick 23% Markup Fails | Manhattan Beach Confidential

MBwatcher — Wed, 28 Nov 2012 12:59:19 -0000

When it hit the market 3 months after selling in April, it would have been a sales comp for itself, negating the +$600k markup in asking. It didn't seem undervalued in April. But we'll see now since we're almost 8 months removed from the last trade. 23%?

Re: The 'F' Word: Flippers | Manhattan Beach Confidential

MBwatcher — Tue, 27 Nov 2012 09:32:02 -0000

Buyers take note: Make sure to see if any flipper's work was done with permits. The building report you get while in escrow will show the extent of remodeling that was, or wasn't, permitted. Watch out for a partially permitted remodel – to save pennies on permit fees, they may have limited the work they subjected to inspection.

Re: East MB Auction Wrapup | Manhattan Beach Confidential

MBwatcher — Tue, 13 Nov 2012 10:23:40 -0000

They've changed the price on the active listing for 1761 Voorhees to $1,386,500. That's the "overbid" amount required in court in 60 days.

Re: Marginal Properties, Quick Deals | Manhattan Beach Confidential

MBwatcher — Thu, 08 Nov 2012 11:59:01 -0000

892 DOM!

Re: Tale of An Off-Market Sale | Manhattan Beach Confidential

MBwatcher — Tue, 06 Nov 2012 15:00:39 -0000

Gato, there definitely are a few worth looking at, including one of the new construx which later posted in the mid-2.5s over on 30th St. I will try to be systematic about pulling out some sales for the Trees, off-mkt., for an upcoming post.