The new MB Market Update spreadsheets are available: download the 5/15/08 update by clicking here, or at any time by using the link at the upper-right corner of the main MBC page. Information in this update closed May 15.
We now split up the discussions of our 3 areas west of Sepulveda into separate articles. By…
The new MB Market Update spreadsheets are available: download the
5/15/08 update by clicking here, or at any time by using the link at the upper-right corner of the main MBC page. Information in this update closed May 15.
We now split up the discussions of our 3 areas west of Sepulveda into separate articles. By necessity, we'll be short on text and pics this round. As always, you can click on a highlighted address for pics & details on active listings via Redfin.
Total SFR inventory west of Sepulveda was at
108 on May 15, just
+1 from the end of April. It is, nonetheless, another new inventory record in MBC's year-plus of public market tracking.
In the whole of our subject region west of Sepulveda, we recorded
14 new listings in this 2-week period and
14 sales (new escrows). Nice balance. Some listings returned – some had gone on hold or had sold but fell out of escrow. One listing canceled.
Onward, then, to the details...
Hill SectionThere were
21 active SFRs as of May 15.
There were 3 new listings, dreamers all, some might say:
114 N. Poinsettia is a pricey, beautiful, newer home starting at $7.750m. Credit the writeup for labeling it "Andalucian" rather than, say, "Spanish." Someone has been test-driving the home for about a year – oh, that's the agent, too;
- 619 9th is a Cape Cod-style remodel with charms like a beautiful yard & pool, good space, but surprising layout and general need for updates, starting at $4.195m; and
- 1015 Boundary, reluctantly wearing the crown of "most delusional" among new listings, that being the clear choice of MBC readers after it began at $2.480m for 3br/3ba and 2400 sq. ft. on an alley.
One sale (new escrow):
869 3rd, last at
$3.750m. This one began at $3.995m last Summer (see "
Two Views from the Hills").
Sellers paid $2.437m in May 2004, so this looks like a sweet payday of $1m+ when the sale settles out.
A few price changes worth noting...
First, a more traditional move on the new home at
218 N. Dianthus – began at $6.75m,
chopped $455k to
$6.295m after several weeks with no takers.
Less traditional actions – 2 listings
increased their prices:
- 923 1st, on market 4 months, retracted a previous price chop from late April to $7.375m, rising back to $7.595m (see "One Up, One Down"); and
- 312 S. Dianthus, on market only a few weeks, jumped to $3.749m from $3.490m, no doubt reacting to the recent sale at 869 3rd.
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 23rd, 2023 at 2:16pm 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.
