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What Did That Westwood Little Holmby Home Sell For At 901 Malcolm Ave

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What Did That Westwood Little Holmby Home Sell For?

The Westwood Little Holmby home at 901 Malcolm Ave., LA CA 90024 lasted 117 days on the market before accepting an offer on 10/10/11. Those 117 days are just over double the average time on market to sell for a Westwood home in 2011. 901 Malcolm Ave was listed on 6/14/11 for $2,200,000 and received two large price reductions during it's listing term, finally ending up at $1,850,000.
In my opinion, they should have never been above $1.8m if they wanted to sell in the first place. This is a good example of pricing the home right to start with and market time in action. When the seller reduced to $1.850m, it took about the average market time to sell this house, approximately 50 days. This home was a little bit harder to sell because of the heavy fixer condition and exact location of the house within the neighborhood. On 11/15/11, 901 Malcolm Ave closed for $1,620,000.

According to the MLS, the home is a 4 bedroom / 4.5 bath, 4,643 sq ft of living space on a 8,276 sq ft lot.