In the 90402 zip code (North of Montana Ave), there have only been 34 total single-family home sales from January 2013 to the end of May, compared to 75 total sales in the second half of last year. Last October, I accurately predicted that December would be one of the busiest Decembers in the previous years. There were: 22 sales in December 2012, which… Continue Reading North Santa Monica Real Estate Update: Higher Sales Values, Fast Sales, Low Inventory
Santa Monica Dirt by John Hathorn August 23rd, 2012 “Hot town, Summer in the City, Back of my neck……..” (you know the tune). It was number one on the Billboard Charts in August of 1966 and tells the tale of nobody being around town in the summer. Up until this summer, I tended to agree that July and August tended to be quiet. But… Continue Reading Summer in the City
Santa Monica Dirt by John Hathorn July 5th, 2012 The highest home sale recorded in Santa Monica last year was one that closed on San Vicente Boulevard for $12,500,000. Dr. Kenneth Hoffer was the Seller and a trust said to be controlled by producer Brian Grazer was the Buyer. Pence Hathorn Silver was not involved in this but it is a note worthy tale… Continue Reading Fantasy vs. Reality – Reality Bites!
Santa Monica Dirt by John Hathorn June 21st, 2012 So, it looks like my prediction of a summer slowdown for the North of Montana Avenue real estate may have been a tad hasty. As soon as 346 16th St. hit the market, agents and buyers were clamoring for appointments and offer presentation opportunities. The home, near Marguerita Ave. was listed for $2.5 million and… Continue Reading 11 Purchase Offers for 16th Street Home!
Santa Monica Dirt by John Hathorn May 11th, 2012 I met with a homeowner last Sunday that said he has a friend that is in escrow to buy a home that had been on and off the market for several months. He says the purchase contract is for more than $30,000,000! The home is still under construction. It is located on a very large lot… Continue Reading $30 Million Home Sale in Santa Monica?
Santa Monica Dirt by John Hathorn March 2nd, 2012 Finally we can say again with certainty that the typical cycles of the Westside real estate market are showing themselves. For years we have told Buyers and Sellers that the Spring market begins in mid-February, right after the Superbowl though some years, this market failed to materialize and there was really no rhythm or predictability… Continue Reading Typical Cycles Return
Santa Monica Dirt by John Hathorn February 16th, 2012 Active/ Available New Listings New listings continue to come and go at about the same pace as the past weeks (2 -3 new listings and 2-3 sales each week since the first of the new year). The “feel” of the market is brisk, with multiple offers on anything priced properly, meaning Buyers recognize when a… Continue Reading Brisk Market with Multiple Offers
Santa Monica Dirt by John Hathorn January 26th, 2012 Active/ Available New Listings 1424 Marguerita Ave. – 5bd + 4.5ba. $2,999,000. New Listing, probably will sell quickly. Being sold by its original owner of 1982. Nice location on 15th and Marguerita. Small but adequate backyard. 363 21st Pl. – 4bd + 3.75ba. $2,550,000. Newly relisted. We had this home on the market a few… Continue Reading Properties That Sold For More Than List Price