
The first of the Twins in the Trees to make a deal, 3307 Poinsettia has now closed at $2.1m.
It took 8 months on market and a price concession of $699k (-25%).
It was apparent when both 3307 and 3309 Poinsettia (click for more pics & details) hit the market in early 2008 that the $2.795m start prices were overly…

The first of the Twins in the Trees to make a deal,
3307 Poinsettia has now closed at
$2.1m.
It took 8 months on market and a price concession of
$699k (-25%). It was apparent when both 3307 and
3309 Poinsettia (click for more pics & details) hit the market in early 2008 that the
$2.795m start prices were overly ambitious. (These are 2 new homes developed on the same
(split) lot by the same developer with the same layout, but different styles – hence their twinness.)
MBC called a poll 9 months ago (see "
Pricing Poll: Twins in the Trees") and found that
70% of readers generally believed the properties were overpriced, but would probably sell for
$2.2m or more. (See "
Poll Results: Twins in the Trees.") Such optimism was obviously not well-founded. The
27% who said "Below $2.2m" were the most prescient.
The sale here will have some spillover effect, of course, on the price for leftover 3309 – now at
$2.195m.
The $2.1m closed price is also consistent with a downward trend among much –
but not all! – new construction in the Trees this year. More on that shortly.
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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 29th, 2023 at 2:15am 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.