There's a buzz that sales activity is picking up.
We don't see a big wave, with just 20 sales for all of May (among SFRs west of Sepulveda), some of which you'll see in the new MB Market Update spreadsheets for 5/31/09, which cover the second half of the month.
And we do see some failed-escrow comebackers, like 1308…
There's a buzz that sales activity is picking up.
We don't see a big wave, with just
20 sales for all of May (among SFRs west of Sepulveda), some of which you'll see in the new
MB Market Update spreadsheets for 5/31/09, which cover the second half of the month.
And we do see some failed-escrow comebackers, like
1308 Walnut, which has returned at
$1.899m (down from $2.099m) and is now priced just $50k above the Nov. 2006 acquisition price. Also,
2400 Poinsettia (
$1.599m), a 2-week-old listing that got a quick offer that appears to have fallen through.
But there is something happening around town, even a surprise or two.
The newest deals:
1600 Elm (3br/3ba, 1975 sq. ft.), which MBC called "just plain cute" with "some nice throwback appeal, and just. enough. space... almost." Priced at $1.339m. (Can still be viewed via Redfin while in "Backup Offer" status.)
- The second of the Twins in the Trees, 3309 Poinsettia, was recently taken over by a more aggressive agent – or so it would seem – who dropped the price a couple times, most recently to $1.9m.
The listing, a frequent mention here at MBC, had logged more than 450 DOM and had dropped from the silly heights of a $2.795m start. The first twin, 3307 Poinsettia, closed on Christmas Eve last year for $2.1m.
Well, here's your surprise: 1042 2nd in the Hills has a deal.
It's a large (5br/4ba, 4400+ sq. ft.), newer (2003) home with views of the city, and a location right next door to a commercial building at Sepulveda. (Barely out of frame in this pic, to the left.)
Sellers paid $1.460m in March 2004. Last Summer, they started by asking almost a million more: $2.395m.
Last at $1.999m, but what's the over-under on this sale? We'll declare surprise with a closing over $1.65m.
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 21st, 2023 at 3:15am 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.
