Tracking L.A.: Mar Vista 90066
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Last week I linked to some Redfin stats about the overall L.A. housing market, and asked for some reader suggestions on which Zip codes I should begin tracking. Here’s the first of three or four: Mar Vista 90066, a corner of the city of Los Angeles just east of Venice and just south of Santa Monica.
Pictured listing: 12677 Dewey St.
A three-bedroom, 1 1/2-bath home measuring 1,269 square feet. Located on a breezy hill about two miles from the beach, but close to the (noisy) Santa Monica Airport. From the listing: ‘Close to everything and cool ocean breezes. Motivated seller- Submit all offers.’
Listing history:
Listed 7/29 $779,000
Reduced 8/23 $749,000
Reduced 9/22 $729,000
Sales history: Sold for $235,000 in May 1994.
Date Oct. 6
--Listed for sale 106
(home and condos)
--Foreclosures for sale 4
--Median list price $795,000
--Median sales price* $757,000
--Median days listed 63.5
--% reduced in price 34.8%
--Median total reduction 6.6%
*Based on homes sold or taken off the market in the previous 90 days
Once again: I’d like to monitor two other pricey Zip codes -- in the $700,000 range. I’m thinking one in the west Valley and one in the Pasadena area. Nominations? Thoughts?
--Peter Viles