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The Dirt on the First 120 days

Posted by John Hathorn on May 3, 2013
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417 16thRight now homes in the 90402 zip code are selling, on average, in 51 days. That may seem like a little longer than you might have expected but the MLS reporting shows that this is the case.

There are 11 active listings, 11 homes under contract and 18 have closed, year to date..

The average sale price this year is about $3.6M.

The highest priced house is $35M, on San Vicente overlooking Riviera Country Club.

The lowest is on 7th and is $1,775,000 (excluding the Santa Monica canyon).

Average house size is 3,400 sq ft.

Highest closed sale is on La Mesa – $11,225,000.

Fastest sale was 534 25th St – 8 days.

Craziest sale is the one on 26th and Alta. It sold way over asking and the Seller negotiated a 2 year lease-back at no charge!

 

New Listings this Week

471 16th St. –   4bd + 4ba.  $3,295,000.   Listed by Pence Hathorn Silver.   Beautiful Victorian home built in 1922. Apx. 3,041sq. ft. of interior space. This home has been significantly redone in the past 8 months with many upgrades and improvements.

715 23rd St. –    5bd + 5.5ba.  $3,898,000.   Mediterranean home built in 1933 with newer finishes. Apx. 4,632 sq. ft. of interior space.  Last sold in October 2009 for $2,550,000.

222 20th St. –   4bd + 2ba.  $2,350,000.   1930’s Spanish home located in North of Montana Avenue’s Gillette Regent Square. Apx. 2,368 sq. ft. of interior space. My guess is that this will sell for $2.8ish

 

New Sales this Week

401 25th St. –   4bd + 3.75ba.  $6,900,000.   Sold in 27 days.  Southeast corner of Carlyle and 25th, Colonial Revival. Property spans two lots.  Updated and restored. Expansive 17,400 sq. ft. lot.

230 21st Pl St. –   5bd + 5ba.  $4,499,000.   Sold in 84 days.  Came back on the market after failing to sell in 2012. Built in 2007 with beautiful modern finishes throughout, located South of San Vicente.

549 9th St. –   5bd + 4ba.  $3,355,000.   Sold in 27 days.  Built in 1996. Contemporary Mediterranean apx 3,500 sq. ft., with an open floor plan.

531 11th St. –   4bd + 4ba.  $2,299,000.   Sold in 91 days.  Great property for an owner user or developer. Apx. 7,509 sq.ft. lot.

746 26th St. –   2bd + 1.5ba.  $1,575,000.   Sold in 16 days.  Totally remodeled 2bd + den.  Lots of old world charm.  Apx. 8,700 sq. ft. flat lot.

 

Closed Deals this Week

2121 La Mesa Dr. –   6bd + 8ba.  $11,225,000.  Sold in 45 days.

315 10th St. –   3bd + 2.25ba.  $2,841,165.  Sold in 43 days.

229 19th St. –   3bd + 2ba.  $2,759,130.  Sold in 14 daysSold by Pence Hathorn Silver.

253 19th St. –   3bd + 2.75ba.  $2,796,015.  Sold in 91 daysListed by Pence Hathorn Silver.

222 22nd St. –   3bd + 1.50ba.  $2,390,222.  Sold in 9 daysSold by Pence Hathorn Silver.

2520 Alta Ave. –   3bd + 2.75ba.  $2,300,000.  Sold in 19 days.

 

Pence Hathorn Silver Active Properties:

465 25th St. – 5bd + 5.5ba – $4,295,000

471 16th St. – 4bd + 4ba – $3,295,000

168 S. Medio – 5bd + 3.5ba – $4,100,000

8606 W. Olympic Blvd. – 3bd + 2.5ba – $1,399,000

2305 30th St. – 2bd + 1.5ba – $1,395,000

1423 10th St. – 4-Plex – $1,295,000

1224 Thayer Ave. #102 – 3bd + 2.75ba – $1,195,000

 

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