Avatar 100pixels September Santa Monica Real Estate Review

WestsideDB

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 months it takes to sell the current inventory at the present rate of sales.

So take a look at this chart and see that in both single family homes and condos, in August and September we have not had much change.  What does this mean?  Well, if you were to list your home today, we might be able to trend a couple of things:  Typically the third and fourth quarters of the year, prices start to trend downward.  And come holiday season, sales of real estate, whether its Santa Monica or Venice or Napa, things come to a virtual standstill – people tend to want to be inside with their families, or travel for the holidays.

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And if you are looking to buy in this buyer’s market, I would advise you to be poised and ready, because sometimes people HAVE to sell by the end of the year be it for personal or tax reasons.

Whatever you are looking to do, I’m here if you need some friendly advice or just want to commiserate about the market in general.  Hope this helps you folks out there mulling things over.

Here’s some market analysis for both Single Family homes in Santa Monica and Condos as well.

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Santa Monica Single Family

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Santa Monica Condos

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