A few of my friends like to debate this but according to a state Department of Finance report issued in December 2020, it’s estimated that 135,600 more people left California than moved here last year. It’s only the 12th time since 1900 the state has had a net migration loss, and 2020’s was the third largest ever recorded. The percentage of California residents who… Continue Reading Exodus Dirt
Can you imagine that our iconic Santa Monica Pier could be part of a conspiracy of gang activity, turf wars, and umbrellas used as weapons? Hold onto your tinfoil hats for this one because this is one wild ride. Rumor has it that our SM Pier is home to an alleged crime syndicate called the Murcia Family Gang. According to SM Observed, a conservative leaning publication,… Continue Reading Conspiracy Dirt
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
Multiple offers and sales closing well over the list price are again the norm this Spring in the north Santa Monica market. This dirt is hot! 251 24th is a two-story Spanish style home on the corner of 24th and Georgina that listed 10 days ago for $5,995,000. $6.3, or better, was the counter offer to all bidders. It’s a very romantic, emotional home… Continue Reading Spring Market Has Sprung
When Is a Sale Price Not The Sale Price? So, a sale that closed last week on 21st Place shows up online, with a somewhat artificially low closed sale price. The Buyer – who happens to be a real estate broker and the Seller agreed that rather than receive a sales commission from the Seller, the Seller reduce the sale price of the… Continue Reading When Is The Sale Price Not The Sale Price?
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