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Thursday, April 22, 2010

Go South...Still Looking Like 2004 Prices

Address: 2408 34th #5 - 90405

Details: 2 bed/2.5 bath 1,749 sq ft townhouse, 1981 construction, $400 HOA

Description: Soaring ceilings, walls for artwork, skylights, maple wood flrs. Gourmet chef’s kitchen w/ stone countertops, glass tile details, stainless appliances & wine cooler. large patio, 2 bedrm, 2.5 bath, office loft w/ closet, could be 3rd bedrm. Bonus rm off garage for extra storage/fitness room. Master bedroom with extra high ceilings, fireplace, walk in closet & roof deck for romantic evening under the stars. Close to schools, shops & Santa Monica newest gourmet restaurants. Your Zen abode.

Previous Purchase: 9/15/04 - $713,500

Listing History: 1/5/10 - $749,000

SOLD: 4/1/10 - $710,000

Here is another example of a solid 2004 rollback. I am highlighting these because they happen be showing prices back into 2004 territory. Not too long ago it seemed like most people were getting overly excited about low rates and incentives and were subsequently bidding units like these well into 2005 territory. We'll see how things shake out.

2 comments:

  1. The real Santa Monica is 90402. That says it.

    ReplyDelete
  2. No, the real Santa Monica is west of Lincoln, regardless of zip code.

    West of Lincoln = Real Santa Monica

    Lincoln to 15th = Outer Santa Monica

    East of 15th = Inland Empire

    ReplyDelete