Inventory new and old continues to get snapped up—often before any reductions are necessary. Here are the nine notable closings from the past week.
706 PARK LANE
Listed as high as $8.95 million, 706 Park Lane was put up for auction, and when the sole bid that came in was for $4.25 million, the price was slashed—leading to only a slightly higher sale.
Listed: $8.95 million.
Adjustments: ↓$200K, ↓$550K, ↑$700K.
Closed: $4.56 million.
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848 ROCKBRIDGE ROAD
Sexy renovation of a one-bedroom house, with guest rooms in a separate building.
Listed: $6.95 million.
Adjustments: None.
Closed: $6.788 million.
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1564 CANTERA AVENUE
Hope Ranch compound.
Listed: $6.695 million.
Adjustments: None.
Closed: $6.65 million.
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2198 VELOZ DRIVE
1955 Montecito hacienda.
Listed: $3.795 million.
Adjustments: None.
Closed: $3.77 million.
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1572 GREEN LANE
1927 Hedgerow fixer.
Listed: $3.15 million.
Adjustments: None.
Closed: $3 million.
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1039 ARBOLADO ROAD
Riviera house; off-market sale.
Listed: $2.995 million.
Adjustments: None.
Closed: $2.846 million.
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1126 ORIOLE ROAD
Cute Spanish fixer above Coast Village Road.
Listed: $2.395 million.
Adjustments: None.
Closed: $2.4 million.
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224 CANON DRIVE
1928 Dutch Colonial Revival in San Roque.
Listed: $2.575 million.
Adjustments: ↓$125K.
Closed: $2.34 million.
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1702 OLIVE STREET
1926 house on an Upper East corner lot.
Listed: $1.695 million.
Adjustments: ↓$100K.
Closed: $1.6 million.
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