21 Wilshire
Another contract today

Which makes two already this week and it's only Tuesday! Before you get too excited about this event (details of listing can be found at ML# 71300) you may want to know its history:

Originally listed for $3.6 million in June, 2005, it sold 10 months later for $2.98. The buyer placed it back on the market 4 months after that, asking $3.495 - why so much? Who the hell knows? It didn't sell so it's sat on the market since, slowly dying the death of a thousand cuts while its price dropped, ever-so-slowly, to $2.695 million this past June, or $285,000 less than was paid for it (and all with the same broker - what loyalty!). Even that "low" price didn't speed things up much but today it's reported as under contract. What will the selling price prove to be? Inquiring minds want to know. The last listing price was about 10% off its 2006 price, there's another 5% to account for via commissions and, of course, we still don't know the final selling price. Should be interesting.