Santa Monica’s Real Estate Q&A answered by Megan Valnes

Q. How is the real estate market in Santa Monica doing?
A. The real estate market in Santa Monica is experiencing two types of sellers right now: those that are in default of payments, meaning they are “short sales” and those who have equity in their home and are able to sell for a fair market value.  For buyers, this is great because there is a high inventory of excellent deals on condos, investment properties, and single family homes as well as a healthy market to accommodate “regular” home sales, sustaining property values.
For all your real estate questions contact Sunset Park Realtors!
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