Warming Trend
Posted on Sunday, May 11th, 2008 at 5:00am.A small flurry of sales in May so far should brighten moods a bit.
We know of 9 sales/deals/new escrows in the first 10 days of this month, plus 2 short sales that skipped the "pending" stage and closed this week. (That's going to be common for shorties). What we've got, with the last list price for each:
The short sales that posted as sold this week were 3412 Pacific (at list, $1.199m) and 1313 Oak ($1.780m).
In the snapshot we can offer now, SFR inventory west of Sepulveda is at 105, -2 from the month's start, with 9 new listings for the month but the 11 posted sales above coming off the boards.
We know of 9 sales/deals/new escrows in the first 10 days of this month, plus 2 short sales that skipped the "pending" stage and closed this week. (That's going to be common for shorties). What we've got, with the last list price for each:
- 437 1st ($1.650m) – a quickie remodel held about a year, purchased off market last April for $1.45m;
- 625 26th ($1.999m) – ca. 1988, on a quiet street, somewhat flat price (sellers paid $1.795m in Aug. 2004);
- 408 6th ($2.099m) – South End, mid-block walkstreet home with some challenges; we're hearing it's sold to a builder; a pick on "Mrs. MBC's Xmas List";
- 2310 John ($2.099m) – surprising Tree Section contemporary; sellers paid $1.725m in Dec. 2003;
- 516 24th ($2.349m) – a crisp, new beachy home, also on Mrs. MBC's Xmas List, that had to hang around a while to find a buyer;
- 401 3rd ($2.685m) – a major rebuild in 2006, Mrs. MBC's pick last week;
- 125 31st ($3.399m) – a contemporary on a walkstreet at Manhattan Ave.;
- 2204 Palm ($3.450m) – once touted as a "Colossal Cape Cod," a new home on a corner with a simply gigantic basement; and
- 869 3rd ($3.750m) – an ultramodern home in the Hill Section; sellers paid $2.44m in May 2004.
The short sales that posted as sold this week were 3412 Pacific (at list, $1.199m) and 1313 Oak ($1.780m).
In the snapshot we can offer now, SFR inventory west of Sepulveda is at 105, -2 from the month's start, with 9 new listings for the month but the 11 posted sales above coming off the boards.
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