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Category Archives: Neighborhood Newsletter

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To Buy or Not to Buy

I was sitting with an agent last evening at a walk-through and she began talking about whether or not she should help her son buy a house right now or have him wait. They are having a difficult time finding a property that is affordable. This is a very common refrain in today’s market where prices have seen a dramatic increase over the last …

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Inventory

Whether the market is up, down, or sideways, there always seems to be a lack of good inventory in Santa Monica. The fact that low inventory is a constant in our real estate market through economic shift tells us that there is something different about Santa Monica’s micro market compared with the rest of California. How does our low inventory affect prices and property …

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North Santa Monica Real Estate Update: Higher Sales P...

In the 90402 zip code there have been 67 total single-family home sales from January 2013 to August 20th 2013, compared to 68 total sales also in the same period of last year. Our company, Partners Trust, proudly represented 27% of all homes listed and sold in 90402, the highest market share, of any brokerage. 2013 will prove to be the strongest seller’s market …

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Lots, Builders and Property Values

Its seems that property values north of Montana were recovering nicely last year, until all of a sudden they catapulted up to what there were at the height of the market in 06-07, seemingly disregarding the economy and the rest of the Country’s “slow recovery”.  There are other pockets in LA that have experienced a similar phenomenon, but none quite as pronounced as Santa …

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Mortgage & Finance Journal

Government-sponsored enterprises Fannie Mae and Freddie Mac continue to play a crucial role in the secondary mortgage market and remain focused on supporting the ongoing housing market recovery while laying the groundwork for a better future housing finance system. “Fannie Mae has been a leading source of liquidity since the start of the economic crisis and we are working hard to support the ongoing …

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North Santa Monica Real Estate Update: Higher Prices, ...

I am happy to report a very solid second half of 2012.  In fact, real estate sales activity in Santa Monica, North of Montana Avenue was the very best it has been since the recession began in 2006. While the first half of the year showed a shot gun race for properties, the second half did not disappoint, surpassing by far the 1st half …

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Pocket Listings

What is a pocket listing? As we have discussed in the past, a pocket listing is a property that is available for sale but is not known to the general public. They are, many times, known only by top agents who share information privately amongst themselves.  By seller’s requests, these properties don’t appear in the local Multiple Listing Services, and they generally aren’t advertised …

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HOT, HOT, HOT

On September 14, 2012, the summer was capped with a 94° Friday in Santa Monica, California.  Actually the whole summer was very hot. Where was it hotter you ask, how about the real estate market which was even hotter than the temperature outside. The summer real estate market started off relatively busy but then in mid-August, the market activity increased dramatically….sales were happening everywhere …

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