Los Angeles Real Estate and Homes for Sale
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The Santa Monica real estate market in the area of condos under $2 million has been holding steady over the past year and the months supply of inventory is balanced, but leaning slightly towards a sellers' market. Find Condos for sale in Santa Monica under $2 million … [Read more...]
Santa Monica real estate in the area of single family homes under $2 million is doing quite well. With under 5 months of inventory, a steady median price and high sales price to list price percentage, this is a good sellers market. Find h0me in Santa Monica under $2 million … [Read more...]
The Santa Monica real estate market is pretty slow in the homes above $2 million category. Inventory has decreased to 10 months from 16 at the high a year ago, but this luxury market is very much a buyers' one. Find Santa Monica homes for sale over $2 million … [Read more...]
Starting July 8th, every Thursday through September 2nd the Twilight Dance Series takes place on Santa Monica pier, starting at 7:00 p.m. In 1983 the storms took off part of Santa Monica pier and a week long festival "Santa Monica Pier Save the Pier" was organized which started the idea of the pier being a great venue for concerts. For two years after the organizer of the concert, Katharine King organized concerts under a tent and due to those concerts' popularity the City of Santa Monica … [Read more...]
The grand opening of the new and improved Santa Monica Mall takes place on August 6 at 10:00 a.m. Various celebratory activities are planned including: DJ Vala, accompanied by a percussionist will provide music all day. Celebrities will be at various in-store events. 11:00 a.m. to 1:00 p.m. a custom garden-themed mural will be started by a local artist, Pharoe. For more detailed information on the Grand Opening of Santa Monica Place visit the main website … [Read more...]
The new Santa Monica Place is due to open on August 6th, 2010. Having ripped open the roof opening the mall to the skies they have taken advantage of the proximity to the ocean, something the old mall never did. New stories include the only Bloomingdale's SoHo concept store outside Manhattan and a new Nordstrom, as well as several exciting new specialty stores. There will be a Dining Deck taking advantage of the spectacular ocean views. Santa Monica is going to be a true … [Read more...]
The Santa Monica real estate reports below show the market absorption trend for single family homes. What is an absorption rate? This shows the rate at which inventory is being sold and is calculated by the number of homes on the market divided by the number sold in a month. This helps in determining the pricing of homes being put on the market and what kind of market it is. If you have a 10 month selling cycle and want to sell in 5 months you would need to price … [Read more...]
The median price of a Santa Monica homes has only dropped 2% over the last year. The number of home sold has increased by 114% over a year ago. The number of properties going into escrow has increased by 127%. The number of properties for sale has remained reasonably steady. The number of new properties being listed each month has also remained pretty steady. The total inventory of homes has dropped 66% Supply has stayed the same as compared to the … [Read more...]
