Last week we covered market activity in the Hill Section for the first half of March. Now a brief update on activity in the Sand Section, with updates past March 15 where appropriate.
Inventory in the Sand stood at 57 at mid-month, with 26 of those SFR listings priced below $2m, and 31 priced higher.
Among these…
Last week we covered market activity in the Hill Section for the first half of March. Now a brief update on activity in the Sand Section, with updates past March 15 where appropriate.
Inventory in the Sand stood at
57 at mid-month, with
26 of those SFR listings priced below $2m, and
31 priced higher.
Among these there were
5 new listings:
- 112 19th Place is a clean, if somewhat dated, cottage (3br/2ba, 1500 sq. ft.) right along Ocean that only lasted 7 days at $1.295m;
- 408 9th (pictured) (4br/3ba, 2300 sq. ft.) is a mid-block, flat walkstreet remodel that was pretty much the classic example of the breed, and it sold quickly (within 2 weeks, though after the March 15 close on our spreadsheets), priced at $2.299m;
- 316 16th (5br/6ba, 3050 sq. ft.) is a 3-unit building (posted with SFRs) that boasts a walkstreet location near downtown and an attractive price in light of the location: $1.599m;
- 125 2nd is a mid-90s build that's nicely updated, low on the walkstreet with big views, offered at $4.999m (mentioned in a story on 132 2nd last week – see "A 2nd Try on 2nd");
- 3216 The Strand is a lot sale that was around for part of 2008 at $7.3m and points south, now up at $5.9m – some of its curiosities were recently offered for public viewing (see "Sunday Opens (3/15)").
Matching the number of new offerings, there were
5 sales (new escrows) during the first half March in the Sand
(balance!). We mentioned 4 of those, including not 1, but
2 Strand sales (
3404 and
1712), the other day in "
Quick Picks."
The only sale not mentioned was the new home at
510 23rd (pictured) (4br/4ba, 3200 sq. ft.), because it has been around 6 months and wasn't a particularly quick pick. A very nice Spanish last at
$2.199m, down a bit from a start at $2.399m.
One noteworthy cancelation happened in this period, at
215 S. Valley (4br/3ba, 2550 sq. ft.), which began at
$1.650m in July 2008 and was last seen on MBC (in "
Drip, Drip") at
$1.399m, still probably $150k or more too rich for a dated home on a busy street.
Finally in the first part of the month we saw 2 fairly quick closed sales:
- 129 1st (2br/2ba, 1300 sq. ft.) taking just tad more than the $1.199m asking price, $1.215m.
- 138 15th Place (3br/3ba, 2225 sq. ft.), which only began in late January (at $1.589m) and closed March 10 at $1.450m.
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 March 19th, 2024 at 1:55am 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.