OUR SUNSET PARK MARKET

February 14, 2018 in Breaking News, Gaby's Blog by gaby schkud

Santa Monica’s Hot Real Estate Market – I’m always asked “How is our Santa Monica Real Estate Market”. And “Where are the buyers buying”   Well this is a true indicator of where and how hot the market is. It’s a great time to be a seller in Sunset Park. This home at 1352 Pine across the street from the entrance to Will Rogers Elementary School, the corner house where parents and the crossing guard gather daily Sold $1.925.000 over the Asking price of $1.745.000 in 10 days with multiple offers. Seems a few buyers didn’t mind the location of this 3 bed 1 bath home. The inventory of homes remains limited and the buyer demand continues to remain strong. 

A LOOK AT THE LUXURY HOME MARKET

January 26, 2018 in Breaking News, Gaby's Blog by gaby schkud

The median sales price of luxury homes in Los Angeles in the fourth quarter dropped 17 percent compared to the same period in 2016, signalling a slowdown in the ultra-niche market.

SANTA MONICA IS ON THE MOVE !

January 26, 2018 in Breaking News, Gaby Sells, Gaby's Blog by gaby schkud

The figures speak for themselves …..

ARE WE IN A BUBBLE?

January 26, 2018 in Breaking News, Gaby Sells, Gaby's Blog by gaby schkud

Montana-based money manager James Stack, who predicted the last recession in 2005, told Bloomberg the U.S. may be riding high on another bubble “It is 2005 all over again in terms of the valuation extreme, the psychological excess and the denial”  I will be posting our Economic Summit summary projecting into 2018 and beyond to 2020.  It’s always easy looking back, but challenging to predict. All we know is that we are currently at all time market record highs with a consensus our offer activity, days on market and offering prices have tapered off during the last quarter of 2017 and first month of 2018. Sometimes when homeowners are on the fence about selling now or in the near future, it’s safe to say, don’t be greedy. Take advantage of a sure thing. Once rate increases take place, consumer confidence drops and market activity slows down, it’s a slippery slope. No one is immune, not even the Westside.

SANTA MONICA SEAFOOD

September 22, 2017 in Breaking News, Gaby's Blog by gaby schkud

Santa Monica Seafood sold this property in 2007 for $15.5M. It sold again last year for $19.5M and here’s a look at what’s coming next….
Looking out directly on the Expo Line tracks along Colorado Avenue replacing an existing parking lot and a small one-story structure. A new mixed use structure containing 30,198 square feet of office space and 4,086 square feet of retail or restaurant space.
— in Santa Monica, California.

September 16, 2017 in Breaking News, Gaby's Blog by gaby schkud

A look at our Mar Vista community….. 3416 Beethoven Street is a true example of the changing tide in Mar Vista. Originally a 1300 sq ft single family home sold in 2014 for $1,150,000. It later sold again in 2015 for $1,350,000 with approved plans in place for a new construction. Now the newly built 5 bedroom 6 bath 4000+sq ft home is on the market with an asking price of $3,875,000. A smart home with all the bells and whistles and a roof top deck to capture endless views.

WHAT DOES $690,000 BUY IN SANTA MONICA …… SANTA MONICA HOME PRICES

August 28, 2017 in Breaking News, Gaby Sells, Gaby's Blog by gaby schkud

A 1bedroom 1bath 766sq.ft. condominium in this beautiful 1930’s building known as Villa Bellagio. And what a great location – on 9th Street North of Wilshire and South of Montana Avenue within walking distance to everything.  Steps from downtown Santa Monica, Palisades Park, Montana Avenue shops, cafes and restaurants. Don’t be mislead by the asking price …It’s exactly that. This will undoubtedly go into multiple offers. Last sold in 1998 at $230,000.  If only we knew then what we know now!

 

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CONGRATULATIONS TO MY SELLER AT 3376 MANNING COURT !

August 12, 2017 in Breaking News, Gaby Sells by gaby schkud

I’m so happy for my sellers with the sale of their home. 3376 Manning Court  went into multiple offers, sold over asking price, quick close of Escrow, with an All Cash sale.  It just doesn’t get any better!

OUR WESTSIDE VILLAGE NEIGHBORHOOD

August 11, 2017 in Breaking News, Gaby Sells, Gaby's Blog by gaby schkud

I’m always asked about our Westside Village neighborhood tucked away in the heart of the Westside.   Westside Village is the Westside’s best kept secret.  It’s 78 years since the neighborhood was established and much has now changed. New construction on almost every street with Architectural Contemporary homes offering new living spaces for buyers. This is a stark contrast from the original plan developer Fritz Burns had in mind for his 1200 single family homes. Westside Village was originally created with affordability in mind.   Westside Village has its own civic association, a neighborhood watch, and a patrol service which can be subscribed to at a nominal cost. Many of the area residents have lived in their homes for over 20 years and there are still a number of original homeowners dating back to 1939. The streets are organized in a village formation.   Some of the homes in Westside Village have been virtually rebuilt from the ground up. Others have been substantially remodeled and added to. Many of the homes in the area are still in the same 900 square foot and 1100 square foot tract homes as originally built.

SANTA MONICA IN THE LIST OF TOP 50 MOST EXPENSIVE NEIGHBORHOODS IN LA

August 11, 2017 in Breaking News, Gaby's Blog by gaby schkud

According to data collected 5 neighborhoods in Santa Monica makes the list of the Top 50 Most Expensive Neighborhoods in Los Angeles.
North of Montana – The median home price is $4.5M Million.
North of Wilshire – The median home price is $2.475 Million
Mid City – The median home price is $1.82 Million
Ocean Park – The median home price is $1.76 Million
Sunset Park – The median home price is $1.7 Million
Largest number of sales:
Sunset Park – 56 sales from January to June 30th
North of Montana – 43 sales from January to June 30th

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