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
Several exciting new North of Montana Avenue sales indicate that much of real estate market losses of 2007 – 2011 seem to have been erased. Low inventory, pent-up demand, record low interest rates and several $5M+ have had made this a very good time for Sellers. All price points from tear-downs to new construction are getting multiple offers. Here is your real estate news:… Continue Reading Santa Monica Dirt: Who is the Market Favoring, Buyers or Sellers?
Santa Monica Dirt by John Hathorn December 22nd, 2011 The Holidays are most definitely upon us as no new listings, new sales or new closings were reported to the MLS this week in the North of Montana flats. To recap the year, the highest closed sale reported was the property at 336 Adelaide Dr. (pictured on the right) , which actually sold twice within… Continue Reading 2011 Recap