The Real Estate Market Continues to Be Nuts

The real-estate market continues to be nuts: everything is getting bought. It makes you wonder whether local schools will be able to handle so many new students…. Anyway, here are the 11 notable closings of the past week.

3069 CALLE FRESNO
You know it’s a contentious close when the prices includes coins.
Listed: $1,674,500 in June.
Adjustments: None.
Closed: $1,642,356.25.

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1221 DIANA LANE
1947 D’Alfonso Spanish-style home.
Listed: $1.895 million in May.
Adjustments: None.
Closed: $1.82 million.

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1589 LAS CANOAS ROAD
It only took 786 days….
Listed: $3.498 million in June 2018.
Adjustments: ↓$200K, ↓$99K, ↓$4K, ↓$200K.
Closed: $2.7 million.

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1387 SCHOOL HOUSE ROAD
You have to wonder what the initial offer was, if the closing price was so far from the ask.
Listed: $4.75 million in June 2019.
Adjustments: None.
Closed: $3.925 million.

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2250 ORTEGA RANCH ROAD
Nice location but the house needs work.
Listed: $4.75 million in May 2020.
Adjustments: ↓$351K.
Closed: $4.11 million.

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758 VIA MAÑANA
Nice grounds but no views.
Listed: $4.9 million in July 2019.
Adjustments: ↓$125K, ↓$180K.
Closed: $4.5 million.

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495 E. MOUNTAIN DRIVE
Sprawling new-build.
Listed: $6.495 million in October 2019.
Adjustments: ↓$520K, ↓$680K.
Closed: $5.075 million.

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260 PENNY LANE
Generic exterior, stylish interior.
Listed: $5.95 million in May.
Adjustments: ↓$200K, ↓$200K, ↓$55K.
Closed: $5.465 million.

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165 MIDDLE ROAD
Swell 1929 mansion in need of attention—and one of the first houses I wrote about on Siteline. The seller paid $8.2 million in 2016….
Listed: $6.995 million in August 2019.
Adjustments: ↓$210K, ↓$5K.
Closed: $6.375 million.

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1536 MIRAMAR BEACH
Wide beach frontage.
Listed: $8.35 million in May.
Adjustments: None.
Closed: $7.85 million.

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854 ROCKBRIDGE ROAD
Architect Marc Appleton’s fabulously decorated Riven Rock compound.
Listed: $8.5 million in June.
Adjustments: None.
Closed: $8.35 million.

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