Santa Monica, CA Real Estate News

By Annie Pinsker-Brown, Stage to Sell, Los Angeles Home Stager
(Stage to Sell - LA Home Staging)
In early 2008, I staged a beautiful vacant Santa Monica townhome. At the time, it was my favorite staging to date – very contemporary, hip and fun…not to mention, the agent wrote me the most glowing recommendation I’d ever gotten! As things go in the “small world” of Los Angeles real estate, the buyer’s agent for that property loved my work and hired me to stage one of his listings…and another and another. That agent has been a steady client ever since and tells me he won’t take a listing unless the seller agrees to have me stage it! Aren’t those type of clients the BEST? So last week this agent calls to tell me that his clients (the ones that bought that Santa Monica townhome) are now selling, and it was time for me to “work my magic” again! It’s not often we get a second chance to sta...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Santa Monica Single Family Homes Market Report for July 2010 Number of Homes Sold: 22 Average Days on the Market: 41 Median Price: $1,525,000 Average List Price: $1,846,000 Average Selling Price: $1,769,000 Lowest Price Home Sold: $675,000 Highest Price Home Sold: $6,169,000 Total Sold in Dollars: $39,000,000 Search The MLS - Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, Santa Monica, Brentwood, Century City, Westwood and throughout the greater Los Angeles area. Information obtained from The MLS is deemed accurate but not guaranteed.
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
The Santa Monica Place mall is now open and they have done a great job of taking advantage of its location near Santa Monica beach. The mall has been completely opened up and has attracted some upscale boutiques and the only Bloomingdales loft-style store outside Manhattan.  This Bloomies is truly exciting and itself has an open feeling. For the foodies there are plenty of great restaurants on the rooftop deck.  Two standouts are Sandia, upscale Mexican cuisine and Ozumo, contemporary Japanese.  Both restaurants are enormous and if today is any indication they, and the other dining places are going to do stellar business. They also took advantage of the existing popular Third Street Promenade with one entrance to the Mall being a continuation of that street. The ocean view from the roof...
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By COMPASS PALM SPRINGS | Stewart Penn, COMPASS Palm Springs - Broker Associate
(COMPASS)
Santa Monica Condos Sold in July 2010: Number of Units Sold: 34 Average Days on the Market: 52 Median Price: $830,000 Average List Price: $944,000 Average Selling Price: $916,000 Lowest Price Condo Sold: $403,000 Highest Price Condo Sold: $2,610,000 Total Sold in Dollars: $37,540,000 Santa Monica Condos - Stewart Penn - Realtor for homes, condos & lofts in Los Angeles, Beverly Hills, Santa Monica, Westwood, Hollywood Hills and throughout the greater Los Angeles area. Information obtained from The MLS is deemed accurate but not guaranteed.
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
I figured to share this. I drove by the mall on my way to the office and let me say that it was a madhouse!! Cars flooded everywhere, people filled the sidewalks...everywhere! Good news for Santa Monica's economy!! Unfortunately the weather is forecasted to be cloudy, drizzly and overcast for the weekend. But it's not stopping the tourism and shopping.
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By Jane Peters, Los Angeles real estate concierge services
(Home Jane Realty)
There are two new listings in Santa Monica ocean front properties this week: Oceanaire, 535 Ocean Ave. has a new unit for sale.  2 bed 2 bath, 1,585 sq. ft. on the 9th floor for $1,975,000.  HOA dues are $1,333. Search condos for sale at Oceanaire Park Plaza, 515 Ocean Ave. has a 1 bed 2 bath, 1,490 sq. ft. unit on the 5th floor for $1,250,000.  HOA dues are $920. Search condos for sale at Park Plaza
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By Dom Naidoo, Malibu to the Marina Real Estate
(Westside Properties)
Happy Friday everyone! I hope your week has been a fast and productive one. Today, Santa Monica will experience a very high spike in traffic! Us locals are very familiar and have acclamated to the usual surge in Summer beach and tourism traffic. But, today will be very different....The Santa Monica Place will have it's Grand Opening this morning at 10am. The entire area will be a madhouse! I drove by yesterday and quickly realized that I should have driven around the madhouse because I was averaging 1mph and got home a half mile down the street in about a half hour :( I snapped this picture yesterday as I was stuck in the madness. Those guys in the blue shirts are your valet attendants. I would suggest using their service today! Here is some information I retrieved from the SM Place sit...
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By Jodi Summers, Our reputation assures your satisfaction.
(Sotheby's International Realty)
  By Jodi Summers First the big picture, then Santa Monica. The Los Angeles Economic Development Corporation reports that home sales in Southern California (houses, townhomes and condominiums) rose in June to 23,871 units (new and resale homes), edging up by +2.6% compared to June of 2009. On a month-over basis, June sales rose by +7.2% and were the strongest since July 2009 when 24,104 homes were sold.