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!