Blog | Who is the 90402 Market Favoring, Buyer or Sellers?

Several exciting new North of Montana Avenue sales indicate that much of real estate market losses of 2007 – 2011 seem to have been erased.

Low inventory, pent-up demand, record low interest rates and several $5M+ have had made this a very good time for Sellers.

All price points from tear-downs to new construction are getting multiple offers.

Here is your real estate news:

There were no new listings this week

NEW SALES

212 24^th St. -   5bd + 4.5ba.  $4,849,000.  Sold in a week!   Listed by Pence Hathorn Silver.  Brand new East Coast Traditional nearly 5,000 sq. ft. on a 60 x 147 lot. One of the finest built homes I have ever had the pleasure of brokering.

550 10^th St. -   5bd + 4.5ba.  $3,295,000.   Nice home, north of Alta with a great floor plan and priced to sell quickly.  Apx. 4,300+ sq. ft.  Large backyard with room for a pool.

1820 San Vicente Blvd. -   4bd + 3.5ba.  $2,650,000.   Oversized corner lot apx. 12,906 sq. ft. 

503 9^th St. -   5bd + 3ba.  $2,288,000.   Sold in two weeks way over list price, 19 competing offers!  1927 house apx. 3,261 sq. ft., corner of 9th & Marguerita. The permitted guest house over the garage adds tremendous value.

415 14^th St. -   3bd + 1.25ba.  $1,850,000.   This home came on the market Tuesday. The listing agent was completely overwhelmed by the activity.

745 19^th St. -   2 units.  $1,995,000.   Listed by Pence Hathorn Silver.  Legal duplex north of Montana Ave. on an apx. 8,940 sq. ft. lot.

NEW DEALS CLOSED

239 21^st Pl. -   6bd + 5.5ba.  $3,795,000.   Listed and sold by Pence Hathorn Silver. With a little bit of updating (new appliances and countertops) this home would easily be worth well over $4 million. Oversized lot (apx. 10,290 sq. ft.)  apx. 5,692 sq. ft. of interior space.  Corner at Georgina and 21^st Pl.

622 25^th St. -   6bd + 7ba.  $5,195,000.   Finally we have broken the $5M cap that was imposed during the melt-down of 07-12! This home has a huge basement, perfect floor plan, elevator to all 3 levels and a really nice backyard.

2222 San Vicente Blvd. -   4bd + 3ba.  $1,749,000.   Ranch style home.  Needs  updating.   First time on the  market since November 1996.