Santa Monica, CA Real Estate News

By Kim & Kristine Halverson, Sisters, Realtors
(Compass)
The Sea Colony I Townhomes in Santa Monica, CA offer ocean views and the ultimate So Cal lifestyle.  They are in the prime location literally steps to Santa Monica's, Ocean Park Beach.     There are 3 different condo buildings all within walking distance of each other.  Two of the three buildings are condo's. This building is different than the other two since they are townhomes. Sea Colony I in Santa Monica, CA was built in 1979, as unique townhomes that have their own private street, named Sea Colony Drive, and private 2 car garage. There are two rows of 43 multi-level townhomes.   The first row of townhomes are two levels with direct ocean views. The second row of townhomes are three levels with ocean views on the top level. There are three different styles of townhomes to chose.  Tw...
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By Tom Bashe
(SCA Real Estate - Call Now)
Lloyd Cullen Real Estate is a local Santa Monica Short Sale Realtor. As a Santa Monica Short Sale Company that specializes in short sales, you are assured the highest standard of professionalism and can always count on our Santa Monica Short Sale Realtor to help answer any questions you have in regards to Santa Monica Short Sales. Santa Monica Short Sale Realtor Lloyd Cullen is a local Santa Monica Short Sale Expert with experienced Santa Monica Short Sale Agents here to assist you.   Santa Monica Short Sale Realtor We specialize in Short Sales for Santa Monica and Surrounding Areas You cannot always help the financial situation that you are in but an experienced Santa Monica Short Sale Agent with Lloyd Cullen Real Estate can help you see the light when it comes to your Santa Monica Sho...
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By Jodi Summers, Our reputation assures your satisfaction.
(Sotheby's International Realty)
by Jodi Summers Woo hoo! Get ready to dance on the sand. 2012 marks the 28th anniversary of the Santa Monica Twilight Concert Series. This free summer concert  tradition on the Santa Monica Pier will begin July 5.  Here’s the good music that will be coming our way… • July 12: Jamaican harmony trio The Mighty Diamonds and Los Angeles-based reggae band The Lions • July 19: Los Angeles-based indie acts HAIM and Wildcat! Wildcat! • July 26: Organic jam rocker Jackie Greene • Aug. 2: Australian country singer-songwriter Kasey Chambers • Aug. 9: PARADE Collective — Jam sessions featuring musicians from Cirque du Soleil • Aug. 16: African rock from Mali's Amadou & Mariam paired with Portland Scene-stealers Y La Bamba • Aug. 23: Cuban singer-songwriter Alex Cuba and the salsa dance sounds of Lu...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Santa Monica ocean front condos are a highly desirable commodity, understandably since there is very little inventory. Below is an overview of what has happened over the past 4 months in the more popular buildings: Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market 101 Ocean Ave 1  = N/A N/A $1,021,250  N/A 1 0   515 Ocean | Park Plaza  1 +1 N/A N/A $1,160,000 N/A 3 1   535 Ocean | Oceanaire 2  +1 $2,047,500 $10,500,000 $6,273,650 N/A 0 1   701 Ocean Ave 0  = N/A N/A N/A  N/A 0  0   801 Ocean | Pacifican 0 = N/A N/A  N/A N/A 0 0   All information provided by MLS/CLAW is deemed accurate but is not guaranteed. Seller’s Market Buyers’ Market Stable Market Less than 6 months inventory More than 6 months inventory     With the exception of Park Plaza, w...
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By Kim & Kristine Halverson, Sisters, Realtors
(Compass)
Life Celebration! Loretta Brown had just joined our office in Prudential Santa Monica as the new Training Director.  I was so happy for her to be at our office and training the newbies.   Our office is low key.  During her first week she did training's  You could hear her voice loud througout the office even when she was in the training room.  This was quite an adjustment for our office.  Her response was, “Yes, I’m known for my voice.”  I just loved her directness and friendly positive attitude.   Her sudden passing was a total shock.  She was not ill.  I had spent time with her in the office Friday.  Other agents had spoken with her over the weekend.  She was found Monday morning in her bed.   We thank you for your time here with us.  Although I’m really sad, will find a way to celebr...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy hump day everyone! I'm going to make this a short and sweet morning post as I am scheduled to show commercial office space in Beverly Hills this morning. Here is today's Santa Monica real estate hotsheet: Single Family Residences 65 Active listings 25 Looking for backup offers 30 Pending close of escrow 4 Sold in the past week Condominiums 90 Active listings 45 Looking for backup offers 37 Pending close of escrow 9 Sold in the past week I will follow up later today with more real estate hotsheets for the Malibu, Pacific Palisades and Venice areas. Have a great day everyone!  
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Santa Monica Real Estate – Single Family Homes:   Active Listings: 71 * Short Sales – 5 * Bank Owned/REO – 0   Of the 71 active Santa Monica homes for sale, 15 had their List Price decreased, and 3 of them actually increased in list price...continue reading
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By Noelle Hettlinger Til, Your Los Angeles Realtor
(Rodeo Realty - Fine Estates)
If you’re looking for a great thing to do with the kids in Santa Monica, look no further than Douglas Park, located on Wilshire, just west of 26th.  This is one of our many park gems.  On any given day you’ll see mommy groups sitting under the trees with their babies on blankets, adventurous toddlers exploring the bridges over the ponds to get a closer look at the ducks and turtles, young children playing in the fenced playground filled with swings, slides, toys of every shape and size.  When the weather permits, Douglas Park also has a nice water feature allowing the kids to have fun splashing around.  On other days, it’s a great place to practice riding a new bike.  For the older kids, there are tennis courts (for adults, too!) and wide open lawns to practice their soccer or ball-catc...
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Saturday everyone! My apologies for being MIA for a while. My office has been keeping me very occupied. Here are the recent post on www.westsideHomefinder.com Mackenzie’s short sale tale Westside Properties is a full-service real estate boutique brokerage based in Venice serving the entire Westside of Los Angeles.  We proudly represent the finest properties throughout the Westside. We work as a team and combine our extensive real estate experience, powerful resources and connections to benefit you whether you are looking you buy or sell…Read More   Pending home sales up, ‘market has clearly turned the corner’ It’s always nice to share positive real estate news! Here is good news for home owners and motivating new for home buyers: The job market might still be trying to find its fo...
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
If you find yourself unable to avoid foreclosure, and cannot find any other option – loan modification, refinancing, etc. – getting your lender’s approval for a short sale may be the best alternative for you. However, the short sale process is sort of complicated, and changes depending on your specific situation and your lender’s requirements. Here are the basic steps you need to go through in order to get a lender-approved short sale. By following Step 3 (hiring me), I will help and guide you in preparing all the required documents for your lender and will directly follow-up on your behalf...continue reading
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Santa Monica Real Estate – Single Family Homes:   Active Listings: 65 * Short Sales – 3 * Bank Owned/REO – 0 Of the 65 active Santa Monica homes for sale, 17 had their List Price decreased, and 1 of them actually increased in list price...continue reading
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Santa Monica Real Estate – Single Family Homes:   Active Listings: 66 * Short Sales – 3 * Bank Owned/REO – 0 Of the 66 active Santa Monica homes for sale, 19 had their List Price decreased, and 1 of them actually increased in list price...continue reading
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At the South of Pico Blvd., running east of Lincoln Blvd., and around the Santa Monica airport to Centinela Ave. lies Sunset Park in Santa Monica, a residential neighborhood mostly made up of single-family housing. The majority of the homes in Sunset Park are small one-story houses built in the 1940’s for the Douglas Aircraft Factory workers, while modified or renovated homes are more expensive...continue reading
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Santa Monica Homes for Sale There are currently 70 homes currently for sale in Santa Monica   Santa Monica Homes Pending for Sale As of now, there are 44 homes pending in Santa Monica   Santa Monica Homes Sold Q1 2012 The total number of homes sold in Santa Monica was 52 Of the 52 homes sold, 4 were short sales, and 4 were Bank-Owned REO properties...continue reading  
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By Jodi Summers, Our reputation assures your satisfaction.
(Sotheby's International Realty)
By Jodi Summers There is great irony in the Village at Santa Monica > the$350-million, 318-unit apartment / condo / retail development going up the 1700 block of Ocean Avenue. The low-rise Village at Santa Monica project will offer 158 luxury condominiums adjacent to 160 affordable apartments crowning 20,000 square feet of commercial space. The irony is that the 160 affordable housing units replace an African-American neighborhood that the City took by imminent domain back in the ‘50s. Once upon a time the Belmar Triangle was an African-American neighborhood nestled between Pico Boulevard, Main and Fourth Streets. It was destroyed in the 1950s by the City of Santa Monica, which took to aggressive imminent domain action to condemn the area, burning now-landmarked shotgun houses to make r...
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By Brian Skaar, VA, Jumbo, FHA & Conv Direct Lender (760) 752-4480
(VanDyk Mortgage - VA, FHA, Conventional, VA Jumbo, Jumbo, Purchase Loans, & Refinance, Direct Lender)
Santa Monica VA Loans and FHA Home Mortgage Loan info for 2012 - California VA Lender & FHA Lender   VanDyk Mortgage is your source for VA Loans and FHA Loans in Santa Monica.  We have been making FHA, VA, Conforming, and Jumbo loans since 1987.   VanDyk Mortgage is a Direct Lender.   We offer many loan programs for Santa Monica Homebuyers and Santa Monica Homeowners to Purchase and Refinance homes. FHA & FHA Jumbo (aka High Balance) VA & VA Jumbo (aka High Balance) Conforming & Conforming Jumbo (aka High Balance or Super Conforming) Jumbo Loans to $3m Santa Monica FHA Loans are available up to $729,750 with just 3.5% down payment.  The FHA 2012 Loan Limit for Santa Monica is $729,750.  Santa Monica FHA Loans that are over $417K up to $729,750 are called FHA Jumbo or FHA High Balance lo...
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By Jodi Summers, Our reputation assures your satisfaction.
(Sotheby's International Realty)
By Jodi Summers   The tide has turned; it is officially a seller’s market in Santa Monica. Experts consider market parity to be 3.7 months of inventory, and according to Clarus Market Metrics, in March, we had 2.2 months of residential property on the market in Santa Monica < down 49% from two years ago.     Santa Monica – Months Supply of Residential Inventory – April 2012   As usual, residential real estate in Santa Monica defies the trends. The California Association of Realtors reports that the inventory of unsold single-family detached homes in the state was 5.3 months in February, down from 7.5 months in February 2011. Los Angeles County found itself with a 5.7 month supply of single-family homes in February (compared with 7.8 months a year ago).   If you’re in Santa Monica and ha...
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
Let’s compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only. Number Sold:  52, a 5.45% decrease over the same period in 2011. Median Price:  $1,545,000, a 14.44% increase over the same period in 2011. There are 64 active listings and with an average sale of 17.33 homes per month over the past 3 months, this means that there is an absorption rate of 3.69.  In other words, it will take 3.69 months to sell the existing inventory based on the average monthly sales. A balanced market is 6 months.  Anything less trends towards a sellers’ market. Santa Monica home sellers are in an excellent position to find bu...
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Santa Monica Real Estate – Single Family Homes: Active Listings: 64* Short Sales – 3* Bank Owned/REO – 0Of the 64 active Santa Monica homes for sale, 17 had their List Price decreased, and 1 of them actually increased in list price...continue reading
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By Dana Ehrlich, Seniors Real Estate Specialist
(Mint Real Estate)
Amazing Condominium for Short Sale - 2480 S CENTINELA AVE #403, LOS ANGELES, CA, 90064 Overview Maps Photos Features Market Stats $525,000 Condominium Main Features 2 Bedrooms2 Bathrooms11 UnitsInterior: 1,531 sqft Location 2480 S CENTINELA AVE#403LOS ANGELES, CA 90064USA To get updates on open home dates and other property events, please click the "Like" button below: Dana Ehrlich eXp Realty California(310) 482-2008dana@danaehrlich.comhttp://www.bestsideofthewestside.com     Listed by: Dana Ehrlich, eXp Realty California Our recent listings Amazing Condominium for Short Sale - 2480 S CENTINELA AVE #403, LOS ANGELES, CA, 90064Wonderful Short Sale Condo! 2204 S BENTLEY AVE #102, LOS ANGELES ,CA 90064Beautiful Culver City TownhomeBeautiful Single Family Home For Short SaleCondominium for...
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