Not Flying Off the Shelves – YetPosted on Wednesday, March 28th, 2012 at 4:15am.
Among those to linger – just a bit – there's quite a range. Let's look at them by submarket; focusing on truly new 2012 listings. (We'll cover west of Sepulveda here first, but East MB will get its due.)
Tree Section: Rosecrans-Adjacent Division
3601 Elm (5br/3ba, 2400 sq. ft.) is one of the better homes on offer in the Trees now, a very sharp remodel. Yes those are 5br, and the gardens are a big plus, if you dig that sort of thing. (See our review from early this month.) It's at $1.359m.
966 Rosecrans (3br/1ba, 1050 sq. ft.) is small and challenged, both locationwise and inside, not to mention limited public market exposure. It's at $995k.
Tree Section: Miscellaneous Division
766 33rd (5br/5ba, 4800 sq. ft.) doesn't count as a listing truly new to 2012, since it ran a bit in 2011 as well, but we'll count it here as a lingering 2012 listing. It's a huge home on a big lot (for the Trees), offered at $2.4m now after a start $99k higher last year (see our review).
Sand Section: 6 Weeks or More
There are just 6 listings of Sand Section SFRs with more than 30 DOM among those that truly began this year. Slicing it more narrowly, there are just 4 with at least 6 weeks of exposure:
Competition of a sort just emerged at 209 16th ($5.6m), but you can't move into a CAD drawing.
121 36th Place (4br/4ba, 2700 sq. ft.) is a newer (2005) custom build on a 2/3rds-size lot (1725 sq. ft.) just a few steps up from The Strand, with a PV-to-Malibu ocean panorama plus extra space below the garage level. It's at $2.575m.
228 40th St. (3br/2ba, 1425 sq. ft.) is a 1933 Spanish original in El
Now this ultramodern on a half lot in the midst of downtown seeks $2.950m. They surprised us in '07, but now?
If you're wondering, nothing in the Hill Section struck us as truly new (for 2012) and lingering, so we've let that low-inventory region pass us by – for now.
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