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Category Archives: Santa Monica Dirt

Santa Monica Dirt Buyers

With Westside real estate prices at all-time highs people keep asking me “who are the buyers for all these properties?” Well, as usual, it is a mixed bag of buyers. Here is the dirt on 10 of our recent sales. The most expensive properties were sold to a novelist from Spain and to an investor whose primary business is parking lots. Several entertainment professionals …

Traffic Dirt

Westside traffic can be a soul crushing experience. Did you know that the Westside of Los Angeles is ranked as the worst traffic-clogged urban area in the entire US? The old approach of in civil engineering has been simply to build more roads. Sadly, that has never seemed to resolve the traffic problems. Do you remember when rush hour was an hour? Now it’s …

Spring Market Has Sprung

Multiple offers and sales closing well over the list price are again the norm this Spring in the north Santa Monica market. This dirt is hot! 251 24th is a two-story Spanish style home on the corner of 24th and Georgina that listed 10 days ago for $5,995,000. $6.3, or better, was the counter offer to all bidders. It’s a very romantic, emotional home …

When Is The Sale Price Not The Sale Price?

  When Is a Sale Price Not The Sale Price? So, a sale that closed last week on 21st Place shows up online, with a somewhat artificially low closed sale price. The Buyer – who happens to be a real estate broker and the Seller agreed that rather than receive a sales commission from the Seller, the Seller reduce the sale price of the …

The Dirt on Montana Avenue’s Commercial Real Estate

Since my group, Pence Hathorn Silver, has been selling Santa Monica real estate from Montana Avenue for over 30 years, people assume that not only do I know all there is to know about houses and condos, but also Montana Avenue stores, rents and trends. Because of this, I do try to keep up, hence this interview with one of my commercial real estate …

1016 San Vicente Santa Monica Homes For Sale Real Estate

What’s Up? What’s Down? What’s going On?

12 houses have come to the North of Montana Avenue market in the past 4 weeks and so far, only 1 of them has sold. If you are reading this in our Santa Monica Dirt magazine, it is possible that all, or none, of them are now sold. If you are reading this online at SantaMonicaDirt.com, there is a pretty good chance only 1 …

Santa Monica School Dirt

Used to be that right after Labor Day was when children went back to school and parents would resume shopping for new homes. Now, with school calendar having shifted, summer vacations tend to be scattered and it is a little tougher to predict the rhythm and flow of the market. What used to by typical seasonal slowdowns because of school/family vacations are now easily …

Strange Daze

Santa Monica Dirt Summer 2018 I have heard from a few colleagues that their business is slow and that their listings are not selling. In an effort to reassure, I often remind agents that unless a home is really priced carefully (read – under market value) the chances of a sale in the summer are a little dicier than Spring and Fall. This is …

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