From the category archives:

Local Real Estate Statistics and Trends

Westside Real Estate Analysis for the last Ten Years – Are we over the worst of it?

by WestsideDB July 16, 2011 Culver City Information

As many of you readers know, I like to blend my blog posts a bit from cool things to do on the Westside, real estate stuff, some video for flavor and occasional goings-on in my neighborhood that I think other people should know about. I got really excited about doing this Santa Monica real estate [...]

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May 2011 Santa Monica homes for sales and condos too! What’s the market doing?

by WestsideDB June 1, 2011 Local Real Estate Statistics and Trends

Santa Monica real estate is a fluid and efficient engine that seems to be in constant flux. If you are considering selling your Santa Monica home or buying a Santa Monica deal, check out this video for info on Santa Monica absorption rates and what is happening in our local market.

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Best places to buy in Los Angeles as an investor

by WestsideDB May 8, 2011 Local Real Estate Statistics and Trends

If I were thinking of buying and holding for five years minimum, looking for a potential recovery and turn-around in the real estate market, I would look in the following areas: 90016 Mid- Los Angeles The average price per foot is below current construction costs.  If you ask any contractor worth their salt, they can [...]

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The Most Stable Areas of Los Angeles’ Housing Market

by WestsideDB May 6, 2011 Local Real Estate Statistics and Trends

Three areas stick out the most when I analyze the market trends from this first quarter of 2011 to last years first quarter.  The most stable areas that I see are: Palms/Mar Vista Hollywood Hills West Hollywood Condos These trends and analysis are from statistics from all of the areas of LA. Are you wondering [...]

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Prediction: Celebrity & Wealthy homes sold quietly off the market to increase

by WestsideDB May 4, 2011 Local Real Estate Statistics and Trends

People are always asking me about pocket listings and quiet sales and the fact of the matter is that in this market, not a lot of pocket listings get sold.  However, I believe that there is a higher percentage of properties being sold off market, quietly that don’t show up in the MLS. Here’s my [...]

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Santa Monica Real Estate Values Over the Past Ten Years

by WestsideDB March 9, 2011 Local Real Estate Statistics and Trends

  I’ve been hearing a lot about us being at the bottom of the housing bubble and Santa Monica homes for sale seem to still be a valuable and sought after commodity. Alright, maybe commodity is the wrong word – sometimes people buy Santa Monica homes because they want to live near the beach, be [...]

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Keller Williams Survey – Latest Buyer and Seller Statistics and Strategies

by WestsideDB January 22, 2011 Local Real Estate Statistics and Trends

My company, Keller Williams has all sorts of good stuff to share, like this video. If you are a buyer in this market, or considering selling your home, you should take a minute and see the results from a recent survey. There’s compelling stuff in here. And of course, call me if you have a [...]

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Shadow Inventory – Is the Hurricane Just Off the Shore of Santa Monica?

by WestsideDB December 28, 2010 Local Real Estate Statistics and Trends

Everyone’s a critic and an expert when it comes to forecasting the real estate market, myself included, and I’m the first to admit that I do have a crystal ball that can tell the future, it’s just that no one makes the batteries for the damn thing. I do my best to remain positive and [...]

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November 2010 Houses for Sale Santa Monica Report

by WestsideDB December 22, 2010 Local Real Estate Statistics and Trends

This last month’s activity seems to be back in line with what we were trending in the Santa Monica real estate market.  Santa Monica houses for sale:

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September Santa Monica Real Estate Review

by WestsideDB October 4, 2010 Local Real Estate Statistics and Trends

Looking back on September and the previous months allows me to trend what’s been happening in the local real estate market – it can help you too if you are trending and looking to time the sale of your home, or decide when is a good time to buy.  Absorption rate is the number of [...]

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August Santa Monica Real Estate Recap

by WestsideDB September 3, 2010 Local Real Estate Statistics and Trends

I get kind of excited at the end of the month.  I know, I’m a little weird because I enjoy things like Excel and Numbers and creating things that the eye can easily digest when it comes to real estate figures.  And at the end of the month, I am compelled to do a calculation [...]

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July in Santa Monica Real Estate Officially Heats Up

by WestsideDB August 3, 2010 Local Real Estate Statistics and Trends

Even though the June gloom seems to not exactly be burning off this summer season, the Real Estate Market is heating up quite nicely.  I’ve been pouring over data about Santa Monica real estate and have found that our absorption rate is rapidly climbing month over month since January 1.  What’s Absorption Rate?  Its the [...]

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Santa Monica Homes for Sale April 2010 Wrap Up – Crawling and Sprinting

by WestsideDB May 3, 2010 Local Real Estate Statistics and Trends

Watching the real estate market here in Santa Monica is kind of like watching a slug make its way across the street. You gotta be patient because you might miss something. And then there are those times where you gotta sprint to the finish line because timing is everything. Let’s look at the monthly data [...]

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April 2010 This Month in Real Estate

by WestsideDB April 23, 2010 Local Real Estate Statistics and Trends
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March 2010 Stats for Santa Monica Homes for Sale

by WestsideDB April 6, 2010 Local Real Estate Statistics and Trends

Last Month’s Santa Monica homes for sale stats show some interesting activity.  1 in 3 homes sold last month and almost half are pending while still, very little inventory exists on the market.  This data is for all of Santa Monica, including the luxury market North and South of Montana.  If you are interested in [...]

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Santa Monica Feburary Real Estate Statistics

by WestsideDB March 7, 2010 Local Real Estate Statistics and Trends

While keeping in mind February only has 28 days this year, the monthly stats for real estate sold and for sale in Santa Monica is pretty low.  Take a look at these numbers from the Multiple Listing Service: So only 12 homes sold last month.  With 29 active, the market activity is off from last [...]

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January Market Stats for Santa Monica real estate

by WestsideDB February 3, 2010 Local Real Estate Statistics and Trends

Do numbers baffle you?  Its my job to look at numbers and make sense of the real estate market in Santa Monica.  After all, my clients depend on me for trends, analysis, and letting them know of a great deal when it becomes available (or maybe even before it comes to market).  Here are the [...]

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Santa Monica Homes for Sale Hits an Interesting Turn

by WestsideDB October 5, 2009 Local Real Estate Statistics and Trends

If you’ve been paying any attention to real estate trends of late, you know that it’s as Yogi Berra said, “The future ain’t what it used to be”.  Indeed, this economic turn of events has taken everyone by surprise and given us cause for introspection and an opportunity to change direction.  I know so many [...]

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Santa Monica Condos for Sale – What Gives?

by WestsideDB October 1, 2009 Local Real Estate Statistics and Trends

If you saw the last post about single family homes for September in Santa Monica, you might wonder why these numbers seem a bit further apart. For interests sake, lets calculate the absorption rate for condos in Santa Monica. The Definition of Absorption Rate: Number of weeks it takes to sell the current inventory at [...]

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Santa Monica August Condo Stats

by WestsideDB September 12, 2009 Local Real Estate Statistics and Trends

I’ve been meaning to post this for awhile now – Condos for sale in Santa Monica are among some of the most amazing pieces of property on the Westside.  Not only do homeowners get the benefit of excellent schools, ocean breezes, a sustainable city, you get the benefit of not having to cut the grass!  [...]

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