Price choppers near the beach
Two of our favorite blogs, Westside Bubble and Manhattan Beach Confidential, are seeing some price-chopping.
In Manhattan Beach, try to guess what the next move is on the house pictured at right:
Listed June 28 at $2.899 million
Reduced July 20 by $100,000 to $2.799 million
Reduced August 19 by $100,000 to $2.699 million
Reduced Sept. 5 by $100,000 to $2.599 million
Reduced Sept. 25 by $100,000 to $2.499 million
Westside Bubble, meantime, finds 10 listings in Santa Monica and Mar Vista that have been reduced by 15% or more. The Biggest Loser (and we mean that in a good, complimentary way, like the TV show) is a cemetery-adjacent 3-bedroom in Santa Monica, which has lost 42% off its asking price, from $1.28 million down to $745,000.
Comments? Insights? Email story tips to lalandblog@yahoo.com.
At $2.4 million the MB property needs a buyer with $500K to put down and an annual income of $500K. I suppose a doctor or lawyer would fit this bill but with the current mkt conditions (re: Cramer's comments) it is doubtful that they would be inclined to jump in and buy now.
Posted by: Ben Brown | September 28, 2007 at 03:57 PM
"Santa Monica 3-bedroom hideaway - a steal at $745K! Quiet neighbors!!!!"
Posted by: Tombstone Realty | September 28, 2007 at 04:04 PM
At this rate, in 12 months, I can get that Manhattan Beach house for free.
Who says it doesn't pay to wait?
Posted by: MyLessThanPrimeBeef | September 28, 2007 at 04:10 PM
did you say it's adjacent to the cemetary....i have a friend who is just dying to get into santa monica for around this price range
ha ha
Posted by: mike | September 28, 2007 at 05:08 PM
i NEED A CONDO IN WEST HOLLYWOOD...UNDER $300K
Posted by: JER HENNEN | September 28, 2007 at 10:41 PM
'cemetery-adjacent 3-bedroom in Santa Monica'
Never need to move again....just steps away from your last home.
Posted by: BottomFisher | September 29, 2007 at 11:47 AM