I haven’t posted here before, but this thread is interesting to me. I’ve lived in PB for the past 15 years, I own my home, and I think the post above is inaccurate in its description of the area. In the past several months, I am still seeing what would likely be considered tear downs selling for more than $700,000 (2 on Law street most recently (July) in the 1200 and 1300 blocks), a 1200 square foot with an unusual configuration in the 1300 block of Law sell for $940,000 a few months back, a 2 bedroom on a small lot on Loring, down near Dawes went for more than $800,000 in late June.
I have not seen any reduction in sales prices for single family homes, and 3 bedroom condos on good streets, or even the new ones on not so great streets are still selling for what I consider to be pretty high prices: e.g. new construction on Lamont Street called “Thomas Lane”, not even a particularly great location, 3 BR condos, about $700,000. A 3 BR condo, not so nice right near Ingraham, 80s construction just closed for $621,000.
I have seen that property on Agate. Based on location, the fact that it is 2 separate homes, and the fact that up the street in Bird Rock, they seem to still be getting more than that for under 1000 square foot homes, the asking price is not really out there.
