I am sensing a change of tides. It’s subtle but then it’s not. I was just shocked when I did a search today for recent sales in Hillcrest. If you’re familiar with Redfin map imaging, then you know we differentiate recent sales from active listings by color. Sales are the little blue houses…look how many there are. It is really a sight to see and indicative of something going on. Being the consumate conservative that I am, I’m not quite ready to make any blanket predictions at this time but I do feel a mood change in the marketplace. On the other hand, if I were to dip my toes in the water, I would suggest this is a burp on the radar and there are still more fallouts to come; however, I also think there is some steady levelling going on and things are going to stabilize pretty consistently across market segments in the coming new year. Later, I’ll show you some remarkable sales on the high end of the market. In the meantime, here are some recent deals that have been snatched up by smart investors.
- 1915 5 bed, 2 bath home with 1,180 square feet
- Sold for $372,000 on September 21, 2007
- Last sold for $495,000 on December 1, 2006
- Current Zestimate $510,968
- 1920 1 bed, 1 bath home with 716 square feet
- Sold for $340,000 on November 30, 2007
- Last sold for $368,701 on October 25, 2007
- Current Zestimate $417,564
- 1992 2 bed, 2.5 bath condo with 1,104 square feet
- Sold for $78,000 on October 10, 2007
- Last sold for $149,900 on September 30, 2003
- Current Zestimate $392,791
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