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.
…
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.
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 1:55am 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.