Sunday Opens (4/27)

Posted by Dave Fratello on Saturday, April 26th, 2008 at 4:48am.

Here's the dilemma, and we invite you to play along at home.

Let's say you want to publish a weekly list of what's new and worth a look among local RE listings. And then, all at once, the mass of local sellers and agents refuses to provide fodder, er, subjects. There are literally zero new listings in the Hill Section or Sand Section that are posted as open in the Beach Reporter's online listings. So, what do you do?

At MBC, first, we shut down the "Weekend" version of the open house listings. We have a "Sunday" version instead, still an ample guide. Then we bit the bullet and re-listed (!) a few homes we've noted before. Finally, we partway wrote up a house for the Hills that's new but not open. Only the Tree Section offers truly new stuff.

It's strange to be confronted with this problem at a time that our tracking shows inventory higher than MBC has ever recorded in a year-plus of public tracking – 104 SFRs west of Sepulveda on Saturday, a figure deemed reliable but not guaranteed.

Hill Section

Don't forget to drop in on 815 2nd, subject of our weekend pricing poll. Open Sun. 2-4pm.

The only new listing in the Hills this week is 864 11th (pictured), but, lo, they have decided to keep the public at bay. It will be by-appt.-only to view this one.

Still it's worth a mention – 11th is a large (5br/5ba, 3775 sq. ft.) family home on a lot of nearly 8000 sq. ft. Pluses: Nice great room, updated kitchen & master bath, a garage in the back corner of the property, a decent yard. Start price seems quite high at $3.35m, considering that a somewhat comparable, yet larger (by 700 sq. ft.), home at 916 9th recently went into escrow priced at $2.895m (and that took several months of trying).

Sand Section

Hey, did we mention that 221 34th (pictured) – which debuted last week – is stunning, cool, clean, modern, and features world-class ocean, PV & pier views?

OK, now we have. Must see. Asking $5.4m. Open Sun. 1-4pm.

Also up there at the high end, someone reported last week on their astonishment at 332 20th, a large and luxurious new home at the top of the 20th St. walkstreet.

That was a good reminder of a home we liked when it first came on. It's got style and commanding views. Kind of amazing it has lasted almost 90 days, but that $4.795m pricetag does limit the buyer pool. 332 20th is open Sun. 2-4pm.

When, oh when, will someone love 516 24th (pictured) like we do? Sure, it's close to the school and has no yard, but it's a tight, completely charming modern beach cottage with surprising views from the master. It's down a tad again, now at $2.349m. Open Sun. 1-4pm.

Let's look at the other end – have you seen 131 Kelp, one of the least-pricey El Porto listings? It's a little place (2br/2ba, 1400 sq. ft.) surrounded by larger buildings, but cute and, we imagined, not long for the open market at $1.095m. Well, it's been 70 days now, not forever. A steal at $900k. Open Sun. 1-4pm.

Tree Section

In the past week, it seems that all the new listings are in the Tree Section at $2m+.

616 29th (pictured) is a 3-year-old Craftsman with 4br/5ba and 3500 sq. ft. We cringe a bit at the exterior styling – it just doesn't feel authentic. But many of the interior spaces are sweet and spacious.

Now, about that price – if $2.475m seems high for today's market, where more new homes are selling below $2m, well, what do you say to the folks who bought this home for $2.425m almost 3 years ago, in Aug. 2005? You can't get out flat? Open Sun. 1-4pm.

1820 Elm is a new Craftsman (we're just reporting what they say here) with 5br/4ba and a bit more than 3000 sq. ft. Starts at $2.349m. Open Sun. 1-4pm.

3404 Pine
boasts "hilltop" views from a neo-Spanish home. (We wrote that and then saw that the listing is calling it "Mediterranean," and yet we're sticking with Spanish.) It's the standard profile for a Tree Section newbie in some respects – 5br/5ba, 3250 sq. ft. Starts at $2.45m. Open Sun. 1-4pm.
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