The first half of the years seems like it flew by and with it behind us, its interesting to look back and see what happened, or maybe more appropriately, ask, “What didn’t happen?”. The Santa Monica real estate market is mixed. Very mixed. Some houses are selling quickly and others not at all. (More on that later). So, what didn’t happen? Interest rates did… Continue Reading Mid-Year 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… Continue Reading Traffic Dirt
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… Continue Reading The Dirt on Montana Avenue’s Commercial Real Estate
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… Continue Reading What’s Up? What’s Down? What’s going On?
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… Continue Reading Santa Monica School Dirt
Have you noticed the new “Lime” scooters alongside the notorious Birds? Of course you have. They are on nearly every street and corner of the City. The company, LimeBike, dropped the “bike” and is now (also) in the electric scooter transportation business. The competition is yet another hit to Bird’s business after a $300k legal battle over allegations that Bird failed secure a business… Continue Reading Battle of the Birds!
Even if you have lived in Santa Monica for most, or all, of your life you may be surprised to learn of these little-known facts about our City. Be forewarned; some of these tidbits may disappoint you. The population of SM is 92,987. The median age of residents is 49. Only 27% of the population own their homes. (Call me if you are one… Continue Reading The Dirt on 20 things you didn’t know