Last week’s sales….
568 TORO CANYON ROAD
The seller bought the furnished 1917 farmhouse on 10 acres from Ellen DeGeneres and Portia de Rossi for $6.982 million in August 2019; DeGeneres and de Rossi paid $6.7 million for it.
Listed: $13.499 million in July 2022.
Closed: $11.35 million.
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2347 EAST VALLEY ROAD
Ornate six-bedroom Mediterranean that was the childhood home of supermodels Gigi and Bella Hadid.
Listed: $6.495 million in January 2022, cut three times to $5.6 million.
Closed: $5.6 million.
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856 CENTINELA LANE
Three-bedroom Campanil house with potential.
Listed: $4.995 million in August 2022, cut twice to $4.55 million.
Closed: $4.35 million.
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2446 GARDEN STREET
1963 four-bedroom with nice pool (and fascinating bathroom).
Listed: $4.25 million in September 2022.
Closed: $4.3 million.
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320 E. ISLAY STREET
Charming Upper East four-bedroom built in 1910.
Listed: $3.498 million in September 2022.
Closed: $3.825 million.
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1410 LA CIMA ROAD
Funky 1971 three-bedroom in Bel Air Knolls.
Listed: $2.895 million in August 2022.
Closed: $3 million.
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1618 GRAND AVENUE
1977 three-bedroom on the Lower Riviera.
Listed: $2.795 million in September 2022.
Closed: $2.85 million.
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1435 OLIVE STREET
1919 Craftsman in the Bungalow Haven district.
Listed: $2.495 million in September 2022.
Closed: $2.525 million.
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1076 MISSION CANYON ROAD
Pocket listing of 1977 hacienda on 1.49 acres.
Listed: $2.75 million.
Closed: $2.5 million.
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And a couple others worth checking out:
••• 2500 Calle Montilla: $2.1 million.
••• 2721 Verde Vista Drive: $1.425 million (below).
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Tracking the local real estate market is a pastime for many and I think it is clear the crazy market has cooled significantly. Whether that turns to a rout remains to be seen but as someone who prefers stable markets where people buy and sell for reasons other than speculation I certainly hope so!