SANTA MONICA REAL ESTATE SNAPSHOT ~ JUNE 2013 ~ IT’S GOING TO BE A FUN SUMMER

by Jodi Summers

Wow! Finally the chaos is calming down as many of those needing to buyreal estate got their fix. With interest rates starting their rise off of historic lows, the past several months have been a home-buying frenzy in the Santa Monica and Venice neighborhoods. Lots of demand and minimal supply.

If you compare residential property numbers from May 2012 with May 2013 in Santa Monica and Venice, the number of for sale properties is down -31% and the number of sold properties is up 29%, according to the Santa Monica Property Blog.

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Silicon Beach is not alone in the home price surge, though we always seem to do things bigger and better here…

 

continued @  http://www.santamonicapropertyblog.com/?p=5023

 

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