That was quick.
Just 10 days ago, we pointed out that the median PPSF for the Tree Section this year is
$584/PSF, with the low for Q1-Q3 2011 being
$415/PSF at
700 13th (7br/5ba, 3100 sq. ft.).
Now a new low for the Trees for the year has been set, another 9% below the last low.
That came at
1908 Elm (4br/3ba,…
That was quick.
Just 10 days ago, we pointed out that the
median PPSF for the Tree Section this year is
$584/PSF, with the low for Q1-Q3 2011 being
$415/PSF at
700 13th (7br/5ba, 3100 sq. ft.).
Now a new low for the Trees for the year has been set, another 9% below the last low.
That came at
1908 Elm (4br/3ba, 3520 sq. ft.), a mid-1980s build that had been somewhat refreshed recently.
The recent sale at
$1.330m of this very large home wound up with a PPSF of
$378/PSF.
Sub-400?
1908 Elm had a somewhat tough time in 2 listings over the past couple of years.
The home made it onto an MBC list in July 2010 as one a few "
ugly ducklings." (Face it, it was.) It ran 4 months from $1.590m down to $1.499m, then quit.
Coming back this year, after that refresher, it was up again at $1.590m. It took time – more than 7 months on this listing – to drive it down another 16%. But that made the deal.
Speaking of sub-$400 prices by the foot, we never got around to mentioning the Hill Section's low for who-knows-how-long,
707 Anderson (5br/4ba, 3800 sq. ft.).
When that big early-90s Spanish closed up at
$1.500m a month ago, it carved out an amazing
$395/PSF.
Turns out, that was just a down payment. The home will be thoroughly gutted and redone. But somewhere down the road, all-inclusive, Anderson will probably still wind up with one of the lowest costs by the foot in recent memory for the subregion of the Hills.
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 November 30th, 2023 at 12:15am PST. 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.
