Four months ago, MBC readers weighed in on the asking prices of two new homes – The Twins in the Trees, 3307 and 3309 Poinsettia. (3309 is pictured; click addresses for details via Redfin.)
The homes are next-door neighbors built by the same developer after a lot split. They share a layout and are the same size,…
Four months ago, MBC readers weighed in on the asking prices of two new homes – The Twins in the Trees,
3307 and
3309 Poinsettia.
(3309 is pictured; click addresses for details via Redfin.)
The homes are next-door neighbors built by the same developer after a lot split. They share a layout and are the same size, though they're not styled the same – one is Craftsmanesque and one is Caliterraneanesque.
The Twins have been priced exactly the same from Day One. They began at
$2.795m, despite the proximity to the refinery.
Both homes started at
$860/PSF –
very high compared with most Tree Section new-construction sales over the previous 6 months. (A few special newbies have neared, but not exceeded, that threshold, in sales that closed in the time since The Twins hit the market. For more info see the
current MB Market Update spreadsheets.)
In our poll, readers overwhelmingly felt that joint start price was
at least $300k too high. And on Thursday, the developer agreed, dropping the prices on both to
$2.499m.
This price move virtually guaranteed that
48% of voters in the pricing poll were right to guess $2.2m-$2.5m.
(Click here for the full story on the results; or here for the original story about The Twins setting up the pricing poll.)
Of course, that assumes that they get $2.2m or more. There are now
17 active SFRs in the Trees between $2.2m and $2.5m. Not all will wind up on the high end of that range.
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 12:45am 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.