Friday, January 4, 2008

2007 SM featured sales prices

To help wrap 2007, here are all the recorded sales prices (from the County or Zillow) so far for Santa Monica houses featured here in 2007. Final Listing Price may be followed by (% discount off original LP). In another post I'll list a number of houses featured here that left the market but have no sale recorded after some months. Of course, it's questionable what this says about houses' value in 2008.

Noteworthy is 611 14th, low-end but above tear-down north of Montana, closed 12/5/07 for $2M even. The photo above is the "time warp" interior of 444 10th, since demolished on a lot-and-a-half north of Montana.

3208 Urban, 2 bed/1 bath, LP=$700K, SD=8/30, SP=$635K
2961 Delaware, 2/1, $699K, 6/14, $660K
728 Pacific, 2/1.75, $699K (15%), 5/1, $685K
2937 Delaware, 2/1, $720K, 10/16, $757K
813 Pier, 1/1, $729K (26%), 10/26, $703K
3345 Virginia, 3/1, $789K, 7/18, $799K
1817 Warwick, 3/1, $865K (1%), 9/14, $890K
1408 Hill, 2/1, $899K, 2/20, $896K
3011 Virginia, 3/1.75, $949K (5%), 9/21, $949K
2314 Pier, 2/1.75, $959K (4%), 3/23, $940K
1505 Oak, 3/2, $1,050K, 8/22, $1,050K
2416 21st, 2/1, $1,050K, 10/31, $1,020K
1639 Oak, 3/2, $1,328K, 7/20, $1,279K
1348 Pier, 2/1.25, $1,348K (3%), 5/25, $1,300K
1020 Chelsea, 2/1, $1,399K, 8/24, $1,478K
1518 11th, 2/1, $1,455K (3%), 10/30, $1,300K
1028 Maple, 3/2, $1,595K, 10/29, $1,595K
1036 22nd, 2/1.25, $1,799K (14%), 5/4, $1,940K
933 25th, 3/2, $1,799K, 8/1, $1,950K
611 14th, 3/1.75, $2,049K (7%), 12/5, $2,000K
369 22nd, 2/2, $2,150K, 4/6, $2,250K
627 Euclid, 3/2, $2,298K, 10/23, $2,298K
439 22nd, 3/2, $2,398K, 10/10, $2,300K
444 10th, 4/2, $2,704K, 6/6, $2,750K
528 26th, 5/4.5, $2,850K (5%), 6/7, $2,725K
333 20th, 5/6.5, $5,095K, 6/5, $5,100K
1221 Georgina, 5/6.5, $5,895K, 8/10, $5,600K

6 comments:

frank said...

I see that long time listing 2320 Idaho is back on the market at the old higher price of 2.395. Good luck!!!

Westside Bubble said...

Yeah, I just noticed that. It needs a derisive updated post.

dlp said...

Did you catch the foreclosure on Keeshen in Mar Vista? Its south of Venice so not the upscale hill side but I sold a house just a few houses down in 2005 and had about 80 people thru the house in a couple of hours to check it out. How quickly the door slams shut.

Remember that BH prices dropped 50% in the last decline...

DLP

Anonymous said...

Keep up the good work! I read your blog religiously...

Anonymous said...

ok can you clarify something

can we definitively say that the sale on 14th for 2.0 million shows that teardowns n of montana are today going for 2.0 million or do you think that it sold at a premium since it was better than teardown condition ?

Westside Bubble said...

can we definitively say that the sale on 14th for 2.0 million shows that teardowns n of montana are today going for 2.0 million or do you think that it sold at a premium since it was better than teardown condition ?

Yes, I'd give 14th a small premium over lot value, but a discount for being on busy 14th and so close to Montana parking spillover. I wonder what 15th went for. Together they do suggest lot value slipped back under $2M.

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Thanks, dlp; I need to catch up on a few Mar Vista foreclosures.

You're welcome, Anon!