The Santa Monica, CA. Condominium Market Trend Report is published

By
Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01238708

 

The Santa Monica, CA Condominium Market Trend Report is Published...

 

Santa Monica,CA had relatively more condominiums on the market compared to the other communities. Most people who looked as much as they liked the close proximity to the Pacific Ocean chose other communities due to the living square feet per dollar value. Hence even though there were more to choose from sales were still few.

 

Well here it is see for yourself. In addition to the size per square foot per dollar statistics,the affordability index which measures what people can afford dictated the fewer sales as well. Needless to say Santa Monica CA remains very desirable and with the influx of the High Tech Buyers this will not slow the Real Estate Market down rather it will increase it.

Well see for your self the Closed Sales Dollar Volume is pretty high....

If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at  http://www.endrebarath.com.  I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations

Comments (18)

Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Not a lot of people are selling in there, even if one needs to move, they just rent their place out:) 

May 29, 2016 04:48 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Inna Ivchenko  very true funny part is Investors do not like Santa Monica because of the Rent Control Restrictions....Endre

May 29, 2016 04:53 PM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Rent control restrictions are in many cities. Rent control does not work for vocational rentals ( I believe), and those short rentals go quite fast and quite high. 

May 29, 2016 05:02 PM
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Rent control is one of those issues that depending on which side of the coin you are on will dictate your like or dislike.

Interesting the local governments can't find a happy medium - to sattsify both the owners and the renters

May 29, 2016 09:40 PM
Jim Crawford
Long & Foster - Fredericksburg, VA
Jim Crawford Broker Associate Fredericksburg VA

Endre Barath, Jr. Thank you for taking the time to prepare and share this report.  Well done! The information you shared is perfect for buyers and sellers alike.  Very informative!

May 29, 2016 11:30 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Inna Ivchenko  interesting question,  not many investors want to handle "short term vacation type" renters, Endre

May 30, 2016 02:40 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jennifer Mackay  well said indeed no happy medium for this subject. Needless to say I am aware of people paying $500 a month for unit that the neighbor is leasing for $2300 a  month....Endre

May 30, 2016 02:41 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jim Crawford  thank you for stopping in, enjoy your quiet weekend,Endre

May 30, 2016 02:42 AM
Robert Vegas Bob Swetz
Las Vegas, NV

Hello Endre ...

Your market report is looking great and your post has been featured to the group:

CALIFORNIA DREAMING

May 30, 2016 04:46 AM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Endre Barath, Jr. - Excellent real estate update for the Santa Monica, CA area. You really show condo buyers and sellers in this community what is going on with their market!

May 30, 2016 05:21 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Endre Barath, Jr.  nice report on Santa-Monica--Ca--Condominium-

May 30, 2016 10:08 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I would like to think that in the near future, condos will be a kind of hybrid of everything we need and I have some arts and not be so generic, even as some of the better ones are

May 30, 2016 04:51 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Hannah Williams, he's always on point with his reports and I don't expect any less from him anytime soon!

May 30, 2016 04:52 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Robert Vegas Bob Swetz  thank you for the Feature, hope you are settling into your new digs...well, Endre

Jun 01, 2016 04:58 PM
Robert Vegas Bob Swetz

Everything is going good but I am still trying to adjust to the warmer climate, I was spoiled by Alaska 

Jun 02, 2016 10:18 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale www.TahoeLauraLuxuryHomes.com  thank you for stopping in and your support, Endre

Jun 01, 2016 04:59 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Hannah Williams  thanks for stopping in and giving support, Endre

Jun 01, 2016 04:59 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Your very welcome ...

Jun 02, 2016 10:18 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Laura Cerrano  love your interaction and interesting observations, Endre

Jun 02, 2016 04:01 PM