Strong Housing Report In Sunset Park – Santa Monica

Strong Housing Report In Sunset Park – Santa Monica

Sunset Park in Santa Monica is still experiencing a very strong real estate market. Out of more than 2700 single family homes in the neighborhood, there have been 57 homes that have been purchased this year alone – the highlight a newly constructed home on 16th Street that fetched over $2M.

However, 30 of the homes sold were all under $1M. and most of them were in the price bracket of $700,000 – $800,000. These homes were primarily fixers and were sold for land value.

There are currently 19 single family homes for sale in Sunset Park, Santa Monica with more than half of them priced between $700,000 – $900,000. A majority of these homes will wind-up being in categories of small square footage, needing updating/rennovations or being sold for land value.

There are some great values to be had right now that are well-sized family homes in prominent Sunset Park locations in the range of $1.4M -$1.8M.

 

If you need additional information or would like to inquire on what is currently available in the Sunset Park and the neighboring areas, please do not hesitate to contact Santa Monica realtor Gary Limjap.

 

California Home Sellers Turn to Realtors Even More Now

Sellers Respond to ’09 Housing Market by Choosing Realtors

According to the latest survey of home sellers by the California Association of Realtors,

Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in California’s homeowners’ decisions to sell their homes in 2009.

With home sellers facing ever-changing federal housing legislation and a tightening market,

Sellers responded to the challenges of the housing market in 2009 by choosing to work with realtors for guidance and assistance in navigating the complex market…Recognizing the value of working with a real estate professional, 99 percent of sellers chose to work with a realtor, according to the survey. Of those, 72 percent cited the ability of an agent to sell the home at a higher price point as the primary reason. Other reasons included better marketing and exposure (38 percent), while 28 percent reported it was too difficult to sell the home independently.

With the Santa Monica and Los Angeles housing market being one of the most complex in the nation, home sellers will be increasingly leaning on real estate professionals in the coming year.