Tuesday, November 20, 2007

Last weekend

Either house shoppers are buying a house for the holidays, testing their skill at knife catching where prices are lower than others still unsold, or thirsting for Kool Aid, but a number of listings went "Looking for Backup" over the weekend, on the heels of what I reported in the last Weekly inventory update. A few others just left the listings, some I suspect expired.

Santa Monica
651 Navy St., 1 bed/1 bath, LP=$679K, LD=10/25/07 ($120K less than 718 Marine)
664 Marine St. 2/1, $749K, 10/18/07 ($100K less than 724 Navy)
1838 16th St., 5/3, $995K, 10/4/07 (north of Pico)
2404 2nd St., 2/2.75, $1,875K, 6/21/07 (reduced from $2,250K)
424 11th St., 3/1.75, $2,100K, 11/15/07 (lot-value 704 15th still available for $1,990K)
550 15th St., 5/4.5, $3,795K, 11/9/07

Pacific Palisades
16543 Akron St., 2/2, $1,249K, 9/13/07
1464 Paseo de Oro, 4/3.5, $1,825K, 10/8/07
770 Almar Ave., 3/2.5, $1,895K, 7/19/07

Conversely, Palms-Mar Vista listings were up two over the weekend. Crazy market, like the Dow that can be both up and down over 100 points in the same day.

2 comments:

Anonymous said...

Are these sales due to the initial "Oh my Gawd, those prices are so much less than we're used to!" discount? The discount that's not really a discount because two years from now, these properties should be worth even less???

allsouledout said...

In a word ... yes.