More than once this past month, we've been in conversation with clients about 329 1st (4br/3ba, 2075 sqft.), for the simple reason that it seemed unusually low-priced at $2.299M. (It's in escrow now.)
Think about that: A single-family home – on a half lot – in the sleepy South End of the Sand Section, offered in the low 2's. (With a glimpse of ocean, to boot!)
How rare, exactly, is that?
Y'know, we love to answer questions with data. We consulted our Advanced Computer Systems.
We found 28 sales of SFRs south of the pier under $3.000M from Jan. 1, 2013-the present. That's about one sale in the area in this price range per 1 1/2 months.
Wouldn't you know it, though – that really overstates how common a property like 329 1st has been:
- 8 of those sales…