New construction: People like it.
The Tree Section: People like it.
Getting a deal: People like that, too.
Somehow, though, 3208 Pacific (4br/3ba, 3180 sqft.) hasn't sold yet.
With its latest $50K cut, this new home is currently asking $2.549M.
That makes it the cheapest new construction home in the…
New construction: People like it.
The Tree Section: People like it.
Getting a deal: People like that, too.
Somehow, though, 3208 Pacific (4br/3ba, 3180 sqft.) hasn't sold yet.
With its latest $50K cut, this new home is currently asking $2.549M.
That makes it the cheapest new construction home in the Tree Section in the past...
How many years?
Wow, more than 6 years.
The last time a newly built home of at least 3000 sqft. in the Tree Section sold for less than $2.550M was August 2012. It was 616 30th (5br/5ba, 3370 sqft.), pre-sold at $2.512M.
The only recent new construction sale with a $2.5 in front was 3605 Oak (5br/4ba, 3250 sqft.) at $2.575M in June last year. That was an artistically smashing modern, but in a challenging location across from commercial and near Rosecrans.
Looking at other new homes along Pacific Ave. north of Valley, we see 2 new construx sales in 2017 at higher prices:
3401 Pacific (5br/5ba, 3550 sqft.) at $2.699M in June '17, and
2602 Pacific (4br/5ba, 3200 sqft.) at $2.750M in May '17.
The new home at 3208 Pacific launched in May 2018 asking a price fairly consistent with those neighbors: $2.799M.
The home is absolutely typical of new homes in the area, with an open floorplan, great room in back and reasonably sized yard. The backyard is actually outfitted nicely with a covered BBQ area and a firepit, plus no-maintenance faux grass.
All 4br are upstairs, along with an open landing area that could make for a kids' living room.
The first agent tried cutting the price and pulled a summertime bogus re-list, getting it down to $2.599M before losing the listing.
A new crew took over in October last year, and started out asking more: $2.650M.
By mid-November, the price was back to $2.599M, and yesterday, they made that fateful cut that will help etch 3208 Pacific into the history books as a low point for Tree Section new construction sales.
How low might that low point be?
They still need a buyer to decide.
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 21st, 2023 at 11:15pm 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.
