In Santa Monica, 443 14th Street a 4+5.5 bath, 4,071 sq. ft. house on a 7,550 lot constructed in 2002 sold for $3.1M, an 18% drop from the original list price. The home was featured in the LA Times Home Section and Domino Magazine.
This seller finally realized they wouldn’t get close to the original listing price of $3.795M in September 2010 and within a month reduced to $3.475 and again to $3.295M. It seems like a quick drop of the price but more research shows they have been trying to market the property off and on since 2008 with the astronomical list price of $4,250,000…
In Manhattan Beach, The Calgary Flames Craig Conroy sold his Manhattan Beach home located at 1221 6th street for $1,965,000($464 per sq. ft.) on March 23rd. He bought the home in 2005 for $2,495,000, representing about a 23% drop in value. The Craftsman-style house, built in 2005, is a 5+5 with 4,230 sq. ft. of living space. Conroy and family were smart sellers that understood the market. They listed the home at $1,999,000 and were in escrow with a strong buyer immediately. According to Lauren Beale of the LA Times, Conroy retired earlier this year to become a special assistant to the Flames' general manager. The center had played since 1994 including a stint with the Los Angeles Kings. 
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