The Street Where Listings Don't Last

By Dave Fratello | June 30th, 2007
If you're thinking of selling, this is a tough time. Particularly if you're in the Tree Section, and you are entering the crowded $2m+ segment...

...unless you happen to own a home on Poinsettia between Valley and 31st.

In that case, stick a sign in the yard and schedule a meeting with your investment broker, for you shall rather soon have much to discuss.

This is "The Street," a little slice of storybook-perfect suburbia, a unique couple dozen homes sharing a tree canopy reminiscent of towns much farther east. In a lucky turn of events, the redevelopment of the last decade here has mostly been tasteful and careful. It's so charming you could just pinch the block, if you could pinch a block.

This week, the third home on this block to be put on offer in 2007 was sold, undoubtedly for asking or above. 3005 Poinsettia sought $2.525m for 5br/4ba and 3250 square feet. (The sellers paid $1.89m in Feb. '04 when the home was new.) They waited 9 days to accept an offer.

Their neighbors at 3001 Poinsettia (5/4, 3300) sold for $2.49m in late March, and 2805 Poinsettia (5/4, 3400) sold for asking ($2.549m) in May after about 3 weeks on the market.

What is it that they say about location?

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