The Month So Far

By Dave Fratello December 11th, 2007.

It's good not to expect much in December, in terms of real estate.

To date, among SFRs in our subject region west of Sepulveda, we've seen:
  • 3 new listings;
  • 3 cancellations;
  • 3 price reductions; and
  • 1 sale (new escrow).
It can only get more interesting than that.

Naturally we'll provide more detail in the next market update, around this time next week.

The sale was 2413 Elm (pictured), two doors off Marine, last at $1.625m. This one (4br/3ba, 3300 sq. ft.) began at $1.799m in July, and spent the most time at $1.699m. We're told the sellers had previously rejected, in concept, any offer in the $1.5m range. Now they're the highlight of the month, so far.

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