Archive for the ‘Community Stats’ Category
Santa Monica Real Estate Market Update: Home Sales Up 4 – 7% in 2011
by John Hathorn on February 22, 2012The 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
Where Are We In The Cycle?
by Charles Pence on November 16, 2011There is actually no encompassing cycle, just different cycles for different markets, which is not easily understood in these financial times. It goes back to…Read more »
Santa Monica Real Estate Market News: North of Montana Avenue Summer Update
by John Hathorn on August 6, 2011The north of Montana Ave market continues its sluggish pace so far this year with only 38 closed sales in the first half of the year. Compared to 2010’s first six months in which there were 50 closings by the end of June, this is a 24% drop in the number of closings.
Malibu Real Estate Market Update: Sluggish Market in Beginning of 2011
by John Hathorn on July 19, 2011The first half of 2011 showed a worse market in Malibu as compared to 2010.
The number of closed sales, reported in the MLS was 79 in 2011, down 4% from 82 in 2010. That’s the good news – only a 4% drop in closings. The bad news is that it took 28% longer to get a home sold in 2011. In the 1st half of 2010 it took about 6 months to sell a house in Malibu. This year the average is a little over 7 months or 213 days.
Santa Monica Real Estate: January Market Update
by John Hathorn on February 10, 2011A new year has begun and it’s time for a review of the real estate market in Santa Monica as it performed at the end…Read more »
Malibu Fall Real Estate Market Update
by John Hathorn on January 8, 2011With the seasons changing, it’s time to get some perspective on the market in Malibu. Inventory is up so there is more to choose from.…Read more »
YOUR NEIGHBORHOOD
IN REAL TIME
3002 3rd St, Santa Monica
$999,000
