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Spanish House Chases The Market South Of Wilshire

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This Spanish home in Westwood at 10521 Kinnard Ave LA CA 90024, returned to the market this week after expiring off the market about two weeks ago with a new price of $1,190,000. This new price is $5,000 less than the last asking price. 10521 Kinnard is a perfect example of a discussion going on in the comments section of the Benecia house about aggressive pricing and chasing the market down. The home started as a 'for sale by owner listing' with an aggressive asking price of $1.5 million back in February 2008. The home has been continuously active on the market with various price reductions and price increases since that Feb 2008 list date. At one point the owner used a broker to list the house and actually received an accepted offer and went into escrow during that listing period. However, after an unsuccessful close, the home returned to the market as a 'for sale by owner listing' in Feb 2009, asking $1,350,000 and has been active ever since. According to public records the home is 3 bed/ 2 bath, 1,757 sq ft on a 6,630 sq ft lot.