Open House: Santa Monica

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We popped into five open houses yesterday in Santa Monica and sniffed a trend: ever-so-slight price reductions, even north of Wilshire. What we saw:

1720 Washington Ave. (pictured), a renovated four-bedroom, three-bath with a brick facade dating to 1889, on an impossibly tiny (2,600 SF) lot. Zero back yard. Originally listed at $1.485 million, reduced to $1.455 million, agent Karen Orlando told us she has an offer and is looking for a back-up.

2320 Idaho Ave., a 2,100 SF, four-bedroom, three-bath, was originally listed at $2.395 million, and has been sitting -- 129 days on market. It’s been reduced to $2.195 million.

1701 California Ave. will show as a big price reduction -- it was originally listed at $1.79 million, but listing agent Sylvia Long told us she went out and had it appraised, and it came back at $1.5 million, and that’s the new price. It’s a quirky property: Two buildings, three units -- a two-bedroom, one-bath, plus a permitted one-bedroom apartment, plus another bedroom and 3/4 bath in the same building.

1144 17th #14 is a three-bedroom, three-bath townhouse, new on the market, listed at $949,000, holding right there.

822 19th St. #C, a two-bedroom, 2.5-bath townhouse with high ceilings further north of Wilshire has been on the market 75 days. Originally listed at $1.238 million, it has been reduced $46,000, to $1.192 million.

Photo Credit: L.A. Land
Thoughts? Comments? Insights? Did we cherry pick the open houses? No, we followed the signs.