Monday, October 29, 2007

Nothing sold - the sequel

Back on September 24 it was a big deal: No houses sold that weekend in Santa Monica ... or <$2M in Pacific Palisades ... or in Palms-Mar Vista. None. It just happened again this weekend (yawn). Along with a few price reductions, a house back on the market, and new attempted flip.


d said...

Hmm. I was wondering who was doing the buying over the last few weeks.

Now, if the buyers are starting to hold off (and who knows if this is a longer-term thing or just related to fires, etc) then things may start to seek a new market-clearing price on the Westside...

dwr said...

How about 1428 Oak in SM? I think that might have gone into escrow Friday or Thursday.

Westside Bubble said...

How about 1428 Oak in SM?

Correct; I noted it as "Looking for Backup" on Friday. Not that nothing at all is selling, but it's been quite unusual for nothing to sell between a Friday evening and the following Monday evening.

sexy said...