Sure housing sales are slowing and prices nationally declined year over year for the first time in a long while, but one notorious Los Angeles property has managed to find a buyer. The Brentwood condo where Nicole Brown Simpson and Ronald Goldman were slain is now in escrow. The four bedroom, 3.5 bath, 3,500 square foot propety was listed at $1.67 million. The property’s original address was changed from 875 South Bundy Dr. to 879 years ago. From the street nothing but tall hedges is visible. The condo was on the market a relatively short while, ten days according to the broker, 38 according to the Los Angeles Times. Sotheby’s International had the listing. Realtor Scott Tamkin wouldn’t elaborate, however. In fact, he hung up on me when I said I was a reporter.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.