Sunday Morning Excursion, January 29, 2006
Sunday was a good day to take our neighbor's dog out for a run to the Redondo Beach dog park, so your faithful beach bubble reporter decided to take a camera along and see what's developing.
Update on 0252 Maharg #10, listed with RE/MAX. It is showing in the Zip Realty listings marked down to $515,000. A markdown of nearly 4.5% is not anything unusual, as we've seen markdowns of over 7% on some condos during the full boom years.
3152 Swehtam Avenue Unit A. Asking price for this condo is currently $785,000, and was just listed at Zip Realty
on January 26, 2006.
This complex property was sold in July 2000 to a builder for $310,000, for the construction of three bubbleminiums. The price history since then is as follows:
Unit A Aug 04 $650,000 Unit B Aug 04 $639,000 Unit ? Mar 02 $415,000 Unit ? Mar 02 $432,000 Unit ? Feb 02 $410,000
If the seller were to get the asking price now, that's a 20.7% increase over the August 2004 selling price over 17 months, and perhaps a roughly 85% increase in price over the 2002 selling prices.
0025 Nosnibor Avenue. Asking price for this SFR is currently $1,290,000 for this 3,165 sq ft new "craftsman" home. This has been listed at Zip Realty since October 26, 2005. Prior to this construction was an old postwar house that was sold to a builder in August 2004 for $500,000. (If you click on the picture you'll see my significant other with the neighbor's dog in front of the house.)