Posted Jan. 31, 2015, 8:52 am
As we began 2015, there are only 24 Santa Monica homes on the market, which is the lowest level in many years. Due to the high demand for Santa Monica houses especially under $2 million, the average $4.6 million list price is almost unbelievably 50 percent higher than it was 12 months ago.
Posted Dec. 19, 2014, 9:02 am
Swedish billionaire Markus Persson, creator of the Minecraft video game, plunked down $70 million for a Beverly Hills mansion and all of its furnishings, it was announced Thursday.
Posted Nov. 25, 2014, 9:29 am
Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period? Conventional belief has generally been that November-December is the worst time of the year to have a home on the market.
Posted Oct. 29, 2014, 9:41 am
Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period? Conventional belief has generally been that November and December are the worst months of the year to have a home on the market.
Posted Oct. 7, 2014, 9:03 am
With more homes for sale on the market, California's housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out next year, the California Association of Realtors said today in its 2015 California Housing Market Forecast.
Posted Sep. 4, 2014, 8:44 am
Many of the reasons for escrows being cancelled can be addressed in advance by careful consideration of details. These tips may help avoid the emotional challenges of having one’s escrow cancelled.
Posted Aug. 13, 2014, 9:13 am
The housing affordability index, which measures the percentage of all households that can afford to purchase a median-priced single-family home in California, fell in the second quarter, the California Association of Realtors reported today.
Posted Jul. 25, 2014, 8:56 am
The Mountains Recreation and Conservation Authority announced it closed escrow Thursday on a 703-acre property in the coastal Santa Monica Mountains purchased from Oscar-winning director James Cameron.
Posted Jul. 23, 2014, 9:28 am
Equity home sales -- standard sales in which a seller has equity in the property being sold -- in June reached their highest level in California since the housing crisis began, the California Association of Realtors reported today.
Posted Jul. 11, 2014, 8:50 am
Spend six years playing in the NFL, appear in one Super Bowl game, and you would have earned enough money to retire before age 27 and buy your dream retirement home in Santa Monica.
Posted Jul. 2, 2014, 9:22 am
A fully occupied eight-unit multifamily property located near Michigan Avenue at 1811 19th Street in Santa Monica has sold for $2 million, according to real estate firm Charles Dunn Company.
Real Estate, Santa Monica, Pets, New, Petco, Dogs
Posted May. 30, 2014, 3:51 pm
The Pooch Hotel building has sold for $11.1 million, it was announced.
Posted May. 2, 2014, 6:26 am
This weekend, take a walk through Santa Monica or Venice and view some of the residences you pass along the way as a glass house. Better yet, instead of looking at a residence from the outside and wondering how it looks on the inside, how about you actually walk into the home and see for yourself how it is decorated.
Posted May. 1, 2014, 8:20 am
There are many misconceptions about selling a house that most people would consider a teardown.
Posted Apr. 2, 2014, 9:05 am
Many buyers are not succeeding in this difficult “seller’s market” because of inadequate preparation and readiness. Others do not succeed due to “analysis-paralysis,” or trying to analyze and rationalize too much.
Posted Mar. 31, 2014, 9:11 am
The owner of several units in the Ocean Towers residential complex near Palisades Park was given the green light to continue with his lawsuit against a real estate investment firm, a California appeals court ruled earlier this month.
Posted Feb. 27, 2014, 8:05 am
A 20-unit multifamily property located at 1027-1033 20th Street in Santa Monica has sold for $6 million.
Posted Jan. 23, 2014, 8:28 am
As we began 2014, the number of homes available for sale in Santa Monica was as low as it has been in many years. There are only 33 homes on the market, which is a lower level of supply than as at the beginning of 2013.
Posted Jan. 15, 2014, 8:05 am
The five-story building on the Third Street Promenade that leases to Subway and McDonald's has been acquired for $20.5 million, after Lincoln Property Company partnered with Centennial Real Estate for the deal.
Posted Dec. 19, 2013, 8:22 am
Is it a correct observation or a misconception that it is a disadvantage to list your home for sale during the holiday period?
Posted Nov. 20, 2013, 9:20 am
Commercial real estate services firm Avison Young has completed a 45-month office lease with Science, Inc., a technology incubator and investor.
Posted Nov. 10, 2013, 9:51 am
Charles Dunn Company has completed the sale of a fully occupied, 22-unit multifamily property located at 316 San Vicente Boulevard in Santa Monica. The property was sold at a cap rate of 3.1 percent, which is the lowest cap rate for a multifamily property sold in 2013 in Santa Monica, according to Costar records.
Posted Oct. 27, 2013, 9:17 am
Brokerage firm Lee & Associates has closed a $7.9 million office sale in Santa Monica. The current home of Riot Creative Imaging, the 18,000-square-foot building is located at 1740 Stanford St., near the former industrial area of eastern Santa Monica.
Posted Oct. 12, 2013, 9:33 am
Cross Campus, a Santa Monica-based business that provides co-working space for entrepreneurs, creative, and mobile professionals, has signed a seven-year-office lease at 1558 10th Street in Santa Monica.
Posted Sep. 22, 2013, 9:21 am
Commercial real estate services firm Avison Young this week completed an eight-year retail lease transaction in Santa Monica with global candy and gift retailer It’Sugar. The retailer is leasing the property at a rate of $312 per square foot – a record-high in the Third Street Promenade.