Santa Monica Dirt: Easter and Passover Holidays Marked with Low Inventory and Multiple Offers

As we close out another week we are seeing much of the same activity as the weeks past.   Very few new listings (1 actually) have come on the market and multiple offers are expected. We have had Buyers squeezed out of the 90402 market into Venice and other neighborhoods, rather than risk not being in the market and taking advantage of low interest rates and rising prices. Happy Easter and Happy Passover!

Please call 310.924.4014 for an appointment to see this home.

New Listings this Week

557 12^th St. –   6bd + 5.5ba.  $3,995,000.   Spanish villa 4,698 sq. ft.  Seems like an ambitious price for this. Courtyard, large kitchen, loggia, lush backyard, oversized master suite, etc.  Last sold in February 2009 for $2,786,000.

816 San Vicente Blvd. –   4bd + 3ba.  $3,650,000.   Re-listed ,restored 1920s Spanish 3,567 sq. ft.  Walled and gated giving privacy. Landscaping by Mary Effron.   Pool, spa and Koi pond.

New Sales this Week

315 10^th St. –   3bd + 2.25ba.  $2,800,000.   There were multiple offers presented last week on this Craftsman style Historical Landmark. It needs a ton of work but will be great when completed.

229 19^th St. –   3bd + 2ba.  $2,749,000.    Primarily land value but very livable home. Updated kitchen and baths.  Bonus room (former garage) pool and grassy yard.

534 25^th St. –   4bd + 3.5ba.  $2,627,900.   Traditional, under 3,000 sq. ft. on a 60’ wide lot. Lots of new upgrades and a beautiful, resort style backyard. Last sold in June 1998 for $1,220,000. 14 offers were presented on this in the 1^st ten days of marketing.

Closed Deals this Week

337 12^th St.–   5bd + 4.5ba.  $3,800,000.  Listed by Pence Hathorn Silver.   A significant price for this since it is on a 50X150 lot. Built in 1999. Detached guest house,pool and spa.  Great floor plan. Last sold in April 2005 for $3,420,000.

Pence Hathorn Silver Active Properties:

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

8606 W. Olympic Blvd. – 3bd + 2.5ba – $1,449,000

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

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