Cliff May Ranchos Market Update 2/11
Click the graphic for the latest Cliff May Ranchos action!
New to the Cliff May Ranchos market this week is 3024 Kallin Ave. This 4 bedroom (3+ a den), 1.75 bath home is listed for $615,000. I haven't been inside this one yet, but from the photos, it looks like there have been some nice upgrades. New Euro-style kitchen cabinets, breakfast bar, built in storage and work spaces, and modern tile and fixtures. It is direct competitiion with the home on Studebaker ($539,250) in lot size and square footage. So with upgrades and a better location, it may be priced pretty well. The other movement in the Ranchos is 3120 Karen Ave has gone into escrow after only a week on the market, listed at $649,000. Check back here for the final sales price. If you are intersted in an exclusive viewing of any of these homes, email evan@midcenturylongbeach.com !
Comment
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Comment by Evan Gould on February 16, 2009 at 4:09pm -
Oh, 2 years ago, they were consistently listing and selling for between $649,000 and pushing $699,000. So, about a 20% drop off of pricing on average. However, there have been individual sales at up to about 40% off of 2006 high pricing. It may still continue to decline. A year ago, I thought the market price would adjust back to "Spring 2004" prices. Now, I'm thinking prices may revert all the way back to "Fall 2000" prices. I'm just enjoying the ride.
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Comment by JulsnMatt1028 on February 11, 2009 at 10:54am -
Out of curiosity, how much would these same homes have been listed for a year or two years ago?
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