|Sold w/multiple offers 8 days on market $81,000 over MLS List Price|
If you have been looking for a home to buy in Redondo Beach recently you most likely know exactly how competitive the market is. As in multiple offers, properties selling over the asking price, waiving all sorts of contingencies etc. Probably the most sought after neighborhood is MLS Area 154, Redondo Beach Golden Hills, and activity in what we call the "Golden Triangle" can be extremely heated with the same comment applying to any home you can walk to Jefferson Elementary from.
I just listed and sold 1719 Dixon St. It lasted on the market all of 8 days and yes, we had multiple offers. Lots of them. I listed the property for $849,000 and it eventually sold for $930,000. Not a misprint, that's $81,000 over the list price. The buyer who ultimately got the property was just barely over the next highest offer.
Here's my MLS description:
"High on the hill, with panoramic neighborhood and mountain views sits this “Golden Triangle” Single Family Residence that has been updated and remodeled over the years. Enjoy your fireplace in the over size “Great Room” which has high vaulted wood beam ceilings, wood floors and is flooded with light. The remodeled kitchen features granite countertops, cherry cabinets and stainless steel appliances including Viking gas range and hood. You'll find enticing limestone floors in the dining and kitchen area. The entire house has just been painted and the windows have been replaced. Enjoy the ocean breezes from the new balconies in the front and rear. Direct access two-car garage with tons of storage. Enjoy the Beach Cities lifestyle from this convenient location about 1 mile from the beach, Manhattan and Hermosa Beach adjacent, close to restaurants, shopping, malls, parks, movie theaters, in a great school district and with easy freeway access. You'll love the feeling of this home and it is turnkey - you can just move right in. Put it on your list to see because you will want to make this your new home"
I know that many agents like to take the credit for properties selling substantially over the list price and to be fair to my brethren in the industry, the top agents know how to sell any given property for the highest price whereas the not so good agents know how to take the money and run.
While ultimately "the market" determines the value of any property (along with the appraiser), having cooperative sellers who "get it" also really helps. In this regard I was very fortunate that my seller clients were among some of the best I've worked with. By that I mean they did everything right such as improving the home with many recent upgrades including painting, windows, decks, lighting fixtures etc. In addition they had it staged and I really need to do a post showing the difference between vacant and professionally staged properties. These are all investments that will pay off with a multiplier effect.