You have asked me and therefore I’ve studied the year-over-year MLS information for the past few days. So for all you quants out there – you might be surprised to learn that homes are selling a little more slowly than they did in 2015 – but the prices are a little higher. Don’t get too excited though. The North of Montana Avenue market is… Continue Reading Santa Monica Dirt by The Numbers
Labor Day Dirt Sadly, this is the unofficial last weekend of the Summer. But, there are always plenty of things to do around here; take a stroll, bike ride or drive on the newly restored and just reopened California Incline. Here is a really cool time lapse video of the reconstruction of this historic part of Santa Monica. The Incline has been a famous site… Continue Reading LABOR DAY DIRT
Many of my clients have commented on how it seems like our Partners Trust Company is really taking off and dominating. We’ve pulled some stats in our top 3 areas as of May 17th, 2013 and below are the tables and graphs (click the graph or table to zoom-in). Here are some notes on each area west of the 405. In Brentwood: We are… Continue Reading Santa Monica Dirt: Partners Trust is Taking-Off!
Santa Monica Dirt by John Hathorn July 12th, 2012 Take a guess as to how many 90402 homes closed escrow in 2011. If you guessed 82 you would be correct. In 2002 there were 134 closed sales in the same area. There has been a steady decline in the number of sales each year since 2002, until 2010, which appears to be the year… Continue Reading Brokers Getting “Broker” since 2002?
Santa Monica Dirt by John Hathorn May 16th 2012: Buyers demand is up, supply is down, pent-up demand – fueled by prices that are still off their peaks – and continued low interest rates result in Buyer confidence and a heated start to the 2nd quarter. These conditions and Buyers missing out on one or more properties due to multiple competing offers have created… Continue Reading First Quarter 2012 Way Up Over First Quarter 2011
The Santa Monica real estate market is showing signs of a fairly stable, seller’s market. For the first time since the real estate price peak in 2005 and 2006 when the median high reached as high as $1,040,000, Santa Monica in 2011 saw a 7% increase in sales prices in median single family home sales at $1,549,000 and 4% growth for condos at $765,000.
Positive indicators for sellers were that while buyers were continuing to compete (sometimes in multiple bidding situations) for what is considered a healthy but not plentiful amount of inventory for sale, the number of days on market shortened to 62 days, and the overall sales values were up…. all positives for a seller Continue Reading Santa Monica Real Estate Market Update: Home Sales Up 4 – 7% in 2011
A new year has begun and it’s time for a review of the real estate market in Santa Monica as it performed at the end of 2010 and in January of this year. Inventory is way down. The market is setting itself up for a busy year with interest rates still low, and prices are stable because of such little selection. Buyers all flock… Continue Reading Santa Monica Real Estate: January Market Update
With the seasons changing, it’s time to get some perspective on the market in Malibu. Inventory is up so there is more to choose from. Interest rates are at historic lows so you can afford way more home than years ago, the schools are not crowded so your kids will be well cared for and, of course, we have 26 miles of beautiful beaches!… Continue Reading Malibu Fall Real Estate Market Update