The Santa Monica, CA Condominium Market Trends Report...

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Real Estate Agent with Berkshire Hathaway HomeServices 01238708
https://activerain.com/droplet/5hBw

The Santa Monica, CA Condominium Market Trends Report has similar statistics as the Single Family Market Trends Report with the exception of one category! Normally I do not "peek" ahead, but I just finished analyzing the Single Family Market Trends in Santa Monica, hence I could not help but look ahead....

 

Interestingly inventory of Condominiums in Santa Monica have increased dramatically in the past couple years month over month.

Number of Sales have decreased as well. Hence it is imperative that Sellers need to focus on acurate pricing of their Condominiums and Townhomes in Santa Monica if they want to get it it sold and not chase the market down and sell it for less.

 

Although per cent wise the Days on Market look scary but realisticly it is still a fast market. Hence this is where the Santa Monica Condominium Market differs from the Single Family Market.

The prices have not dropped as in the Santa Monica Single Family Market instead they increased. A large part of it is there are more people who can not afford a Single Family Home in Santa Monica, but they want to live here. Hence the demand is strong. One due to price point and second due to the good reputation of the Santa Monica Schools.

 

Now if you are considering buying  Condominium in Santa Monica or if you are considering selling, please reach out to me for a free  no obligation consultation.

 

If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!

If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! 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 at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at https://www.endrebarath.com  I contribute a portion of my commission to local animal rescue organizations.

 

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Topic:
Real Estate Market Trends
Location:
California Los Angeles County Santa Monica
Groups:
Condo Benefits
Condo Specialists
International Real Estate
Local Expert
Market Reports
Tags:
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santa monica market trends
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Rainmaker
3,435,514
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Strong demand in your Santa Monica condominium market will keep prices solid. Sellers need to call you Endre to get their unit listed and sold!

Mar 10, 2019 04:34 AM #1
Rainmaker
5,466,669
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Good morning, Endre Barath, Jr. inventory is up significantly in your condo market... sales are down and that can be corrected with improved prices, as you said.

Mar 10, 2019 05:26 AM #2
Rainmaker
3,745,057
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Endre. Thanks for the analysis. Interesting market requiring the skills of a seasoned professional. Enjoy your day!

Mar 10, 2019 06:21 AM #3
Rainmaker
3,763,002
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Endre - snapshots of a real market such as this one in Santa Monica, CA you have shared provides the type of information that prepares prospective buyers/sellers especially when they contact you for their next move.

Mar 10, 2019 07:06 AM #4
Rainmaker
4,798,978
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Endre.  Thanks for keeping us updated about the Santa Monica condo real estate market.

Mar 10, 2019 07:32 AM #5
Rainmaker
6,026,533
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Families on the move will certainly appreciate your local community reports.

Mar 10, 2019 08:59 AM #6
Rainmaker
2,277,104
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good afternoon Endre - while still a very strong market I can see where there might be a bit of a pull back in the bidding frenzy.  Pricing will correct that.

Mar 10, 2019 12:39 PM #7
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400  you make a great point hope that holds true, Endre

Mar 10, 2019 02:24 PM #8
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Barbara Todaro  indeed acurate pricing is the only way to go otherwise they will get less in the long run, Endre

Mar 10, 2019 02:25 PM #9
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Wayne Martin  the days of throwing it in the MLS and expecting the market to catch up to the price are over in my market, Endre

Mar 10, 2019 02:26 PM #10
Rainmaker
1,439,650
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Endre Barath, Jr. - Santa Monica still has the advantage going to the seller though it might have been weaking some in the winter months.  The season is just starting to get under way and will peak in summer, so buyers should take advantage of this season.

Mar 10, 2019 02:28 PM #11
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Michael Jacobs indeed we need to share what to expect...Endre

Mar 10, 2019 02:33 PM #12
Ambassador
4,099,967
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Endre with the increased number of properties for sale, the sales number are bound to follow.

Mar 10, 2019 06:20 PM #13
Rainmaker
904,469
Diana Zaccaro
Tropical Beachside brokered by eXp - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Endre, Both potential buyers and sellers will appreciate your easy to understand presentation of the Santa Monica condominum market. They will benefit from your expertise by buying or listing with you.

Mar 10, 2019 09:21 PM #14
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Gabe Sanders  thank you for stopping in and your referrals are welcome as well, Endre

Mar 10, 2019 09:30 PM #15
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Roy Kelley  thank you for stopping in, Endre

Mar 10, 2019 09:31 PM #16
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Grant Schneider  indeed you are right, we get spoiled when every listing has ten or more offers on, BTW miss those days when I have listings, now when I have buyers I am thrilled that those days are in the rear view mirror, Endre

Mar 10, 2019 09:32 PM #17
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Sheri Sperry - MCNE®  yes there is a seasonal fluctuation to take into considerations, good point, Endre

Mar 10, 2019 09:34 PM #18
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  I tend to agree I suspect the interest rate hike has cooled our market a bit...

Mar 10, 2019 09:35 PM #19
Rainmaker
3,464,114
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Diana Zaccaro  thank you for your kind words, Endre

Mar 10, 2019 09:36 PM #20
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Rainmaker
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Endre Barath, Jr.

Realtor - Los Angeles Home Sales 310.486.1002
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