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Who is Buying?

Posted by John Hathorn on April 5, 2012
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Santa Monica Dirt by John Hathorn April 5th, 2012

Five new listings, three sales and one closing mark another solid week of real estate sales activity in the North of Montana Ave neighborhood. All but one of these five new listings seem to be fully priced so look for only one or two new sales next week.

Interesting to note: A client asked me last week “Who are the buyers of these homes in our area?” My answer starts with the question “Who isn’t buying these homes?” The answer: Doctors.  Physicians have been largely priced out of 90402 as their incomes have eroded under heavy pressure from insurance companies. When I started brokering 90402 properties in the 80’s, doctors were among the largest group of owners and buyers. These days, the development, entertainment, and the financial services industries are the predominant groups of owners and buyers.

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Active/ Available New Listings

622 7th St. –  3bd + 2ba.  $1,650,000New Listing.  Charming Craftsman cottage with a guest house, close to all the shops and dining on Montana Ave. apx. 1,900 sq. ft. on an apx. 5,280 sq. ft. lot.

635 20th St.–  4bd + 5.5ba.  $4,395,000New Listing by Pence Hathorn Silver.  Stunning Spanish apx. 5,400 sq. ft. Beautiful, corner lot in the heart of Gillette’s Regent square tract.

524 15th St. –   3bd + 4.5ba.  $3,550,000.   New Listing.  This home has never looked better than it does now. Only two bedrooms upstairs but the master is terrific.  Super quiet street.  A short walk to Montana Ave.

335 24th St. –  5bd + 4.5ba.  $3,499,000.   Re-List.   Maybe the 3rd time will be the successful time for this versatile home.  Not everyone’s ideal floor plan but a good house at a good price.

307 21st St. –   5bd + 4.75ba.  $3,295,000.   New Listing by Pence Hathorn Silver.   Country English style  home, lush gardens, unique design and spacious game room is a plus (see right photo).

New Sales (Now In Escrow/ Sale Pending)

443 21st St.–  5bd + 5.5ba.  $3,595,000.   Sold in two weeks.  Multiple offers were presented on this contemporary Mediterranean apx. 5,600 sq. ft. on a huge apx. 9,000 sq. ft. lot.  Built in 1989.

317 23rd St.–  3bd + 3ba.  $2,849,000.   Sold in less than two weeks.  Just as predicted here last week, this courtyard style Hacienda of apx. 3,000 sq. ft. sold immediately.

Sold/ Closed                                                

417 Euclid St. –  2bd + 1ba.  Was listed for $1,688,000 and sold for $1,725,000.  A well-known developer bought this and will no doubt demolish this old home.

Pence Hathorn Silver Active Properties:

101 17th St. – 6bd + 8.5ba – $6,995,000

635 20th St. – 4bd + 5.5ba – $4,395,000

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

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

307 21st St. – 5bd + 4.75ba – $3,295,000

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

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

10501 Ayres Ave. – 3bd + 2.5ba – $1,449,000

2007 Idaho Ave. – 3bd + 2.5ba – $1,449,000

2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,199,000

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

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

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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