2014 was a busy year for most Westside real estate agents. We saw very competitive, multiple offers for 99% of the properties that were for sale. Most agree that more of the same is coming our way in 2015. I network with the most productive 1% of agents across the nation and this has been true of most upper end market places. And, despite… Continue Reading Happy New Year Everyone!
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