Same tired listings, same tired price

Dear sellers, please for the love of all that is great and holy, start reading these blogs.

I've been watching the same set of houses in Santa Monica, Bel Air and Westwood bob along in the the downward torrent without any downward movement whatsoever. Here's a clue- if you couldn't get your price last summer, it still isn't going to move THIS summer at that price.

11150 Sunset
1135 Berkeley
2267 Roscomare

YOU ARE NOT SPECIAL

Comments

Anonymous said…
hi Maria,

Which one of those 3 houses would be your dream house???? Berkeley? Are you looking for a lot of space and separation for the 3 multi aged kids?

I want to know what those dumb bell realtors are telling you....that you should buy now 'cause prices haven't dropped???? Thats what I am hearing too from the local realtor brain trusts.....
April 4, 2008 at 7:08 PM
Terri said…
Space, separate beds, a place that has room for the animals (and that includes the teen)

Each of the houses has it's pluses and minuses. Really, the total cost of mortgage, tuition, remodel, insurance, et.al comes from the same bucket of money.

The realtors helping us have noted that prices are dropping ever so slowly, but sellers don't really want to hear that.

Prices are dropping for the houses where the sellers want to sell. We are now 0 for 3 on the house bids- we have been countered each time and in multiple offers. Each time it's been the next poor sucker on the list willing to forgo contingencies, offer all cash or whatevdr who gets the bid- not necessarily the price.
April 4, 2008 at 9:01 PM
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