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Santa Monica Dirt: Common Knowledge or Dirty Little Secret?

Posted by John Hathorn on December 14, 2012
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Right now, between Montana Avenue and San Vicente there are only 8 homes available for sale. There are 10 homes under contract (in escrow) and 23 have closed in the past 90 days. Of the 10 homes in escrow, 9 of them had multiple offers when sold.

The “Backup” column indicates that the home is still being shown for backup offer purposes (contingencies have not run). Notice the (last category) list price to sale price ratio of nearly 100%. This market is not only back, prices though nuanced, are testing new highs that have never been this high.

Here is more real estate news:

New Listings this week

602 11th St. –   4bd + 4.5ba.  $3,295,000.  When I last saw this house a few years ago, the unpermitted, finished attic was superbly done but hard to access. It last sold in July 2005 for $2,000,000 but has been significantly updated.

333 24th St. –   5bd + 2.75ba.  $3,295,000.  4 bedrooms upstairs, 1 down, large pool, remodeled kitchen, formal dining, spacious family room, last sold in April 2007 for $2,837,000 but significantly updated since then.

Sales this week

428 Alta Ave. –   5bd + 4ba.  $4,800,000.  Architect Robert Ramirez’ own home which blends Balinese resort style living with modern amenities.  Great indoor & outdoor flow.

Closed Deals this week

111 Winnett Place –   5bd + 4.5ba.  Listed for $3,499,000 and sold for $3,200,000, 100 days on market.   5bd + 4.5ba on apx. 12,000 sq. ft. corner lot at San Vicente.

256 24th St. –   3bd + 2ba.  Listed for $2,950,000 and sold for $2,775,000, 83 days on market.  Looks like the market finally caught up to the asking price for this project.

221 18th St. –   2bd + 2.5ba.  Listed for $2,199,999 and sold for $2,398,350, 20 days on marketSpanish home located in Gillette’s Regent Square on an 8,925 sq. ft. lot.

324 10th St. –   3bd + 2ba.  Listed for $1,759,000 and sold for $2,035,000, 14 days on market.  Land value, quiet street near tree-line San Vicente Blvd.  Probate sale.

714 12th St. –   4bd + 2ba.  Listed for $1,995,000 and sold for $1,911,000, 15 days on market.   Sold in only two days this north of Montana property is on a 7,499 sq. ft. lot.

Pence Hathorn Silver Active Properties:

13868 W. Sunset Blvd. – 4bd + 3.75ba – $2,895,000

333 24th St. – 5bd + 2.75ba – $3,295,000

17201 Palisades Circle – 3bd + 3ba – $729,000

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.

Add your comments (scroll down to the “Add Your Comment” section) and read other blogs.

And please call my mobile phone (310) 924-4014 with any questions.

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