A little over 2 weeks ago, 2822 Ardmore was all alone in the Trees, the only listing below $1.585m.
Having watched everything else get snapped up, they raised their price a second time to $1.399m. MBC speculated that this might be the first successful use of the price-increase tactic.
Things have changed. Current…
A little over 2 weeks ago,
2822 Ardmore was all alone in the Trees, the only listing below $1.585m.
Having watched everything else get snapped up, they
raised their price a second time to $1.399m. MBC speculated that this might be the first successful use of the price-increase tactic.
Things have changed. Current listings:
- 1409 Oak ($1.225m)
- 1732 Pine ($1.295m)
- 3504 Maple ($1.299m)
- 2822 Ardmore ($1.399m)
- 637 13th ($1.450m)
Of these, the first two fell out of escrow and re-joined Ardmore. Maple is a new listing and 13th dropped from $1.585m this week.
All of these have challenges. Oak is, well, on Oak, and interestingly it's made of adobe. Sharply remodeled, but
different. Pine and 13th are probably best as lot sales, but are overpriced as such.
Maple and Ardmore are move-in ready, but they're both on the smaller side and each has location issues. Actually, Ardmore buyers may have to wait for the sellers to find and close on their new home, which could be a wrinkle.
This segment was very hot for the last several weeks, but it's paused like everything else due to the mortgage mess. If you need to buy in the Trees now, these are your options at the lower end, but wouldn't it be nice to see some improvement in price and inventory?
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 4:15am 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.