Bel Air is a prime location in Southern California where the wealthy enjoy the amenities of beautiful homes and luxury estates. Yet not all homes in the region are selling at a brisk pace. The market for higher priced homes is obviously thinner simply because there are fewer people able to purchase a million dollar home. More importantly you have to have an adequate income to service the payments on the home. The above home is facing a challenging market in Bel Air:
1333 STRADELLA RD, Bel Air – Holmby Hills, CA 90077Listed
Full Baths 2
Partial Baths 1
Property Type SFR
Sq. Ft. 2,660
$/Sq. Ft. $462
Lot Size 13,780 Sq. Ft.
Year Built 1973
A very nice property no doubt. Yet the pricing history signifies a slower market:
I find it fascinating that homes in these very prime markets are having a tougher sell today. It’ll be interesting to see what this 3 bedroom home in Bel Air eventually sells for.