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Monopolistic Disintegration

What a difference 35 years makes. I began my real estate career in 1978, in Santa Monica. At that time there were 321 real estate offices or brokerages from Hollywood to Malibu, mostly “Mom and Pop” shops. Today I would be surprised if that number is 100, including all the offices of mega companies. There were 12 companies with two or more offices and… Continue Reading Monopolistic Disintegration

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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… Continue Reading To Buy or Not to Buy

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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… Continue Reading Inventory

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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… Continue Reading North Santa Monica Real Estate Update: Higher Sales Prices, Fast Sales, Low Inventory

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