Most of a month passed with no sales in the Hill Section. But things changed quickly.
The last sale (new escrow)
for a while was 508 Larsson
, a small, dated home on a large lot on the Sepulveda side. That sold on or about July 24, and then a modest drought began.
Last week, 913 8th
went into escrow at $2.249m
Tuesday, deals were posted on 3 more
Hillies:(Click highlighted addresses for details via Redfin; at the time this story posted, all 3 listings could still be seen while in "backup offer" status.)
So it looks like Hill Section buyers are back from vacation.
Last time we saw a fairly close cluster of 3 sales in the Hills was in early April. (See "Hills En Fuego
At that time, inventory in this subregion was at 15
. On August 15, inventory was at 24
. (Dare we point out that this was a 60% increase?
Well, small numbers can be misleading.)
The new sales also helped wipe out a local mini-trend. For a time there, 5 listings were clustered on busy 2nd St. Three were all next-door neighbors.
With 2 of the sales above and a cancellation Monday at 114 N. Poinsettia
, suddenly there are only 2 left on 2nd, with 1 near the bottom of the hill (815 2nd
) and 1 at the top, the last house on the street, next to a commercial building (1042 2nd
This little hat trick is a breath of fresh air in an otherwise downbeat time. Here's a secret:
The buyers all got into some pretty great homes.