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Brisk Market with Multiple Offers

Posted by John Hathorn on February 24, 2012
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Santa Monica Dirt by John Hathorn February 16th, 2012

Active/ Available New Listings

New listings continue to come and go at about the same pace as the past weeks (2 -3 new listings and 2-3 sales each week since the first of the new year). The “feel” of the market is brisk, with multiple offers on anything priced properly, meaning Buyers recognize when a property is poised to sell and they are not shy about stepping up with their purchase offers immediately. This amount of activity should continue to firm the market as each closed sale becomes a data point for the next.

427 21st St. –  5bd + 4.5ba.  $3,575,000.   New Listing.  Seems to be very good value. Custom home remodeled in 2008, apx. 4,800 sq. ft. on an apx. 8,900 sq. ft. lot. 60X149 lot.

555 26th St.-  4bd + 4ba.  $1,950,000.   New Listing.  Spanish style home. Great opportunity to rehab or build new.  A few blocks from the Brentwood Country Club.

412 7th St.–  3bd + 1.75ba.  $1,195,000.   New Listing by Pence Hathorn Silver.  This home is priced to sell quickly (see photo on the right). Great value, north of Montana, authentic, Mid-century, modern, 3 bedroom, 1.75 baths, needs updating but at this price, well worth it.

New Sales (Now In Escrow/ Sale Pending)

428 14th St.–  3bd + 1ba.  $1,649,500.   As predicted here last week, this sold very quickly.   Expect to see a new home or substantial remodeling to this in the near future.

310 22nd St.–  5bd + 6ba.  $3,100,000Let’s all hope this REO sale sticks! The entire neighborhood and real estate community would be thrilled to see someone close this escrow and put this house to use.

Sold/ Closed

733 20th St. –  3bd + 2ba.  Was listed for $1,950,000 and sold for $1,950,000.   Authentic 1920’s Spanish in sought after Gillette’s Regent Square.  Franklin School District. Expect to see a new home on this lot within the next 18 months.

 

Pence Hathorn Silver Active Properties:

101 17th St. – 6bd + 8.5ba – $7,350,000

509 21st Pl. – 6bd + 5.5ba – $3,995,000

401 18th St. – 4bd + 4.5ba – $3,400,000

551 Lincoln Blvd. – 5bd + 4.5ba – $3,145,000

33 26th Ave. – 5bd + 5ba – $2,799,000

733 19th St. – 3bd + 2.5ba – $2,495,000

339 20th St. – 4bd + 3.5ba – $2,095,000

2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,249,000

3002 3rd St. #206 – 2bd + 2.5ba – $899,000

1658 Camden Ave. #306 – 2bd + 2ba – $589,000

11939 Gorham Ave. #104 – 2bd + 2.5ba – $580,000

1436 20th St. #10 – 2bd + 2.5ba – $579,000

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave community on our North of Montana blog.

And please call me at (310) 458-4024 with any questions.

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