People love new.
That, you knew.
In the Tree Section, two of the newest new homes already have buyers, and we're only 3 weeks into February.
First to go was the "Contemporary Farm Home" at 1604 Pine (5br/5ba, 3585 sqft.).
It was listed at $3.495M just 2 weeks ago, and went into escrow with just 6…
People love new.
That, you knew.
In the Tree Section, two of the newest new homes already have buyers, and we're only 3 weeks into February.
First to go was the "Contemporary Farm Home" at 1604 Pine (5br/5ba, 3585 sqft.).
It was listed at $3.495M just 2 weeks ago, and went into escrow with just 6 official DOM. (It's still compiling DOM while in an "Active Under Contract" status.)
The home's familiar in almost all respects, rhyming with much new construction of this cycle, sharing a floorplan (at least 90-95%) with a few new homes that popped to mind instantly when touring... and priced in the middle-to-high part of the range for comparably sized new homes recently.
As to location, 1604 Pine is just off of 17th St., a convenient pathway to both Pacific Elementary and American Martyrs church/school. A walk to town or beach would be possible with a little motivation.
Bigger news comes from a bigger home.
East of Pacific and north of Valley, 3300 Palm (5br/5ba, 3950 sqft.) is new construction that we have said "puts a little bit of a new spin on styles that have become familiar... Whereas most new homes these days use a palette of whites and soft greys, sometimes pale blues, 3300 Palm uses a palette of tans and taupes, with natural browns for flooring and some cabinetry. It's warm and different, reflecting the 'country farm house' aspiration of the designer."
(See our full writeup on some of the unique design aspects in our Jan. 27-28 open house post.)
This one came out asking $3.995M (a bit over $1,000/PSF) and they've notched a deal in less than a full month.
There are still new homes out there for the picking, though none (yet) uses the word "farm" in the listing:
3605 Oak (5br/4ba, 3250 sqft.), now at $2.740M
2612 Pine (5br/4ba, 3600 sqft.), asking $3.495M (began at $3.795M)
1901 Palm (5br/7ba, 4760 sqft.), now at $5.299M (began at $5.500M)
Maybe time to revise the listing descriptions to catch the "farm" wave?
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 18th, 2024 at 7:15pm 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.