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Saturday, February 6, 2010

Santa Monica Market Trend - Condos

There are approximately 30 properties (2 bedrooms or more) on the market North of Wirlshire in the $500,000-1,000,000 range. Ten properties in escrow.

The 500-800,00 range is active. This market provides an alternative to renting. If you are paying$2500-3000 in rent in a perfect world that buys you $500,00-600,000 in loan amount.

No one can predict the future direction of the market, however limited inventory is a sign of a healthy market.

In today's market you need to stay ahead of the curve.

Contact me for a free market update
Tony Brooks