Santa Monica condo market update

www.BrianMaser.com - Santa Monica, Venice and Marina del Rey condo sales update

2010-03-28T15:28:00.000-07:00

I am proud to announce the launch of www.BrianMaser.com. Not only will this site give potential clients a way to learn about me and how I present my listings for sellers, it provides condo owners, potential sellers and buyers with a smart market update for condos West of Lincoln (from Santa Monica, Venice and Marina del Rey) AND all condo of Santa Monica (from Wilshire to Montana / from Ocean to 26th).

Determining value for a condo is can be a very easy process, especially in areas with high demand and transactions closing each month. The key item is to focus on the average price per SQFT sold in the last month or so around your unit. Once you have that figure you must then factor is size of your unit, updates compared to those sold, amenities of your building, HOA dues and what you get for those dues, condition of your complex (including financials), etc. Once you have those items lined up, then you can determine what value a buyer would most likely pay for your units (compared to those that recently sold OR are currently on the market. If other sellers are getting more price aggressive around you, then you may have to reduce your value or make other plans..

Remember, buyers, agents and banks all have the same data now. Fact do not lie... Stick with the facts and you will have your answers.

Also, keep a close eye on interest rates. We are a very interest rate driven market. Once rates go up in a down market, expect values to fall fast. If incomes are not rising, but the cost of the loans go up, how do you expect buyers to afford the same prices.

If you need to sell now, do not wait for the Feds to pull out of the market. Be smart, sell smart.

Got to www.BrianMaser.com and see for yourself.

January 2010 Santa Monica Condo Market Update from Brian Maser of Abbot Kinney Real Estate

2010-01-19T14:53:00.000-08:00

First off... Thanks to all my buyers and sellers for a successful 2009. I sold over $20,000,000 worth of condos in Santa Monica & Venice alone & won the "Top Producer of the Year" award for all of Abbot Kinney Real Estate - www.abbotkinneyrealestate.com.

There was a reason for this achievement & there was also a reason my clients sold at higher values than the rest of the marketplace. 1. There is still a huge demand to live in Santa Monica and Venice. This is one of the best places to live on the planet. Low supply and high demand = fast sales at high values. 2. There is a tremendous amount of data to support values. We, realtors, do not control market values, but we can help you sell smart. If you are a real seller, you must price your property properly. How does your unit compare to the comparable sales in the last month or two? You must be in the ballpark of real value OR you will fail.

Buyers have access to all the same data we do. Therefore, they know what has sold around you and what value your property will appraise for...

80% of my sales went into multiple offers in the first two weeks, because I know value & my sellers trusted my expertise. Therefore, we were able to push the values up by market demand & make buyers feel comfortable that they were not the only people at the table.

Sell smart.

Brian Maser
Condo Sales Leader for Santa Monica, Venice and Marina del Rey.
Abbot Kinney Real Estate
310-795-8010

Brian’s New Listings:

www.VenturaCanyonAve.com - $2.399M (just listed)

www.833Seventeenth.com - $1.775M (pocket listing)

www.MontanaAveTownhome.com - $1.395M (just listed)

www.615Hampton.com - $799k (just listed)

6th & Bay St - $499k (coming soon)

Brian's New Escrows:

www.SeaColonyUnit.com - $749k (in escrow)

www.2021california.com - $699k (in escrow)

www.3101Fifth.com - $499k (in escrow)

Brian's Recent SOLD Listings -2009/2010

*Over $20,000,000 sold in 2009*

www.838Tenth.com - $1.799M (just sold - represented both buyer and seller)

www.2428Third.com - $1.740M (just sold – represented seller)

http://lxtv.com/openhousela/video/9573 - Brian’s listing featured on Open House LA

601 Ocean Park Blvd - $1.079M (just sold – represented buyer)

www.2020sixth.com - $1.051M (just sold - represented seller)

www.3019condo.com- $1,000,001 (just sold - represented seller)

www.woodrowmodern.com - $950k (just sold - represented seller)

www.3002condo.com - $850k (just sold - represented seller)

424 Venice Blvd #101 - $850k (just sold – represented buyer)

2913 3rd Street #202 - $835k (just sold - represented seller)

www.343Rennie.com - $835k (just sold - represented seller)

www.CondosOnMain.com - $650k - $640k (just sold - represented seller)
www.743Pier.com $710k (just sold - represented seller)
www.737Pier.com - $676k (just sold - represented seller)

www.2306sixth.com - $609k (just sold - represented both buyer and seller)

1802 Andalusia - $659k - Duplex - (just sold - represented both buyer and seller)

Sea Colony II - $605k (ust sold - represented both seller and buyer)

www.2721second.com - $2,100 (leased)

www.2411Third.com - $550k (just sold - represented seller)

www.1123Tenth.com - $530k (just sold - represented seller)

www.2431Third.com - $525k (just sold – represented seller)

www.1440condo.com - $369k (represented seller)

www.2002Fourth.com - $392k (just sold - represented seller)

West of Lincoln CONDO MARKET UPDATE – October 2009

2009-11-04T09:47:00.000-08:00

West of Lincoln CONDO MARKET UPDATE – October 2009

SANTA MONICA – PICO BLVD TO NAVY STREET

# of New Listings - 4

# of Sold Listings - 6

Average Price Per Unit Sold - $ 639,000

Average Price Per SQFT SOLD - $616.00

--------------------------------------------------------------------------------

VENICE– NAVY STREET TO WASHINGTON BLVD

# of New Listings - 10

# of Sold Listings - 4

Average Price Per Unit Sold - $ 780,000

Average Price Per SQFT SOLD - $545.00

--------------------------------------------------------------------------------

MARINA DEL REY – WASHINGTON BLVD TO END OF VIA MARINA

# of New Listings - 23

# of Sold Listings - 13

Average Price Per Unit Sold - $ 65,000

Average Price Per SQFT SOLD - $470.00

--------------------------------------------------------------------------------

Brian’s October SOLD LISTINGS:

2002 4th Street #201, SANTA MONICA - www.2002Fourth.com

Beds 1 Baths 1 / 717 SQFT - List Price - $339,000 - Sale Price - $392,000^

*Brian represented the Seller

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 Living Space: 1,081 - $605,000 - Sale Price - $593,000

*Brian represented the Seller & Buyer

2913 3rd Street #202, SANTA MONICA

Beds 2 Baths 2 / 1,369 SQFT - List Price - $849,000 - Sale Price - $835,000

*Brian represented the Buyer

--------------------------------------------------------------------------------

Brian’s New Escrows:

737 Pier Ave #2, SANTA MONICA - www.737Pier.com
Beds 2 Baths 2.5 / 1,300 SQFT - List Price - $619,000 (7 offers in first week)

615 Hampton Drive #B101, VENICE - www.615Hampton.com
Beds 1 Baths 1.5 / 1,500 SQFT - List Price - $799,000 (2 offers in first week)

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 / 1,460 SQFT – List Price $699,000 (short sale - close to bank approval)

743 Pier Ave #1, SANTA MONICA - www.743Pier.com

Beds 2 Baths 2.5 / 1,620 SQFT - List Price $639,000 (in escrow after one day)

Call to learn why my clients are selling fast at 5-15% higher values than the rest.

SANTA MONICA OCTOBER CONDO MARKET UPDATE (WILSHIRE TO MONTANA)

2009-11-04T09:42:00.000-08:00

Message

SANTA MONICA CONDO MARKET UPDATE – October 2009

Wilshire Avenue to Montana Avenue

OCEAN AVENUE to LINCOLN BLVD

# of New Listings - 4

# of Sold Listings - 5

Average Price Per Unit Sold - $ 1000,000

Average Price Per SQFT SOLD - $ 697.00

LINCOLN BLVD to 14TH STREET

# of New Listings - 7

# of Sold Listings - 2

Average Price Per Unit Sold - $ 601,500

Average Price Per SQFT SOLD - $ 527.00

14TH STREET - 26TH STREET

# of New Listings - 3

# of Sold Listings - 7

Average Price Per Unit Sold - $ 581,000

Average Price Per SQFT SOLD - $527.00

Brian’s October SOLD LISTINGS:

2002 4th Street #201, SANTA MONICA - www.2002Fourth.com

Beds 1 Baths 1 / 717 SQFT - List Price - $339,000 - Sale Price - $392,000^

*Brian represented the Seller

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 / 1,081 - List Price - $605,000 - Sale Price - $593,000

*Brian represented the Seller & Buyer

2913 3rd Street #202, SANTA MONICA

Beds 2 Baths 2 / 1,369 SQFT - List Price - $849,000 - Sale Price - $835,000

*Brian represented the Buyer

Brian’s New Escrows:

737 Pier Ave #2, SANTA MONICA - www.737Pier.com

Beds 2 Baths 2.5 / 1,300 SQFT - List Price - $619,000 (7 offers in first week)

615 Hampton Drive #B101, VENICE - www.615Hampton.com

Beds 1 Baths 1.5 / 1,500 SQFT - List Price - $799,000 (2 offers in first week)

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 / 1,460 SQFT – List Price $699,000 (short sale - close to bank approval)

743 Pier Ave #1, SANTA MONICA - www.743Pier.com

Beds 2 Baths 2.5 / 1,620 SQFT - List Price $639,000

*Special Note: I am a proud parent of a child that goes to Cassidy Preschool located at 2122 Wilshire Blvd., Santa Monica. Special thanks to the teachers, investors & administrators that made this wonderful school a reality for our families this year. Learn more @ www.cassidypreschool.com.

Brian Maser, Abbot Kinney Real Estate

2009-09-24T12:24:00.000-07:00

Brian’s New Active/Sold Listings & Escrows- 2009:

www.838Tenth.com - $1.799M (just sold - represented both buyer and seller)

www.2428Third.com - $1.740M (just sold – represented seller)

http://lxtv.com/openhousela/video/9573 - Brian’s listing featured on Open House LA

www.833Seventeenth.com - $1.775M

601 Ocean Park Blvd - $1.079M (just sold – represented buyer)

www.2020sixth.com - $1.051M (just sold - represented seller)

www.3019condo.com- $1,000,001 (just sold - represented seller)

www.woodrowmodern.com - $999k (just reduced)

www.3002condo.com - $850k (just sold - represented seller)

424 Venice Blvd #101 - $850k (just sold – represented buyer)

2913 3rd Street #202 - $849k (in escrow)

www.343Rennie.com - $835k (just sold)

www.2021california.com - $699k (in escrow)

www.CondosOnMain.com - $650k - $640k (just sold - represented seller)

www.2306sixth.com - $609k (just sold - represented both buyer and seller)

1802 Andalusia - $659k - Duplex - (just sold - represented both buyer and seller)

www.SeaColonyUnit.com - $605k (just reduced)

www.2721second.com - $2,100 (leased)

www.2411Third.com - $550k (just sold - represented seller)

www.1123Tenth.com - $530k (just sold - represented seller)

www.2431Third.com - $525k (just sold – represented seller)

www.1440condo.com - $369k (represented seller)

www.2002Fourth.com - $339k (in escrow)

SANTA MONICA CONDO MARKET UPDATE (WILSHIRE TO MONTANA)

2009-09-24T12:16:00.000-07:00

OCEAN AVENUE to LINCOLN BLVD

# of New Listings - 9

# of Sold Listings - 3

Average Price Per Unit Sold - $630,500

Average Price Per SQFT SOLD - $596.00

LINCOLN BLVD to 14TH STREET

# of New Listings - 4

# of Sold Listings - 2

Average Price Per Unit Sold - $ 534,000

Average Price Per SQFT SOLD - $429.00

14TH STREET - 26TH STREET

# of New Listings - 7

# of Sold Listings - 3

Average Price Per Unit Sold - $615,000

Average Price Per SQFT SOLD - $543.00

Brian’s September SOLD LISTINGS:

343 Rennie Ave #5, VENICE – www.343Rennie.com

Beds 2 Baths 2 / 1,362 SQFT – List Price $799,000 - Sale Price - $835,000^

Brian’s New Escrows:

2913 3rd Street #202, SANTA MONICA

Beds 2 Baths 2 / 1,369 SQFT - List Price - $849,000

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 / 1,460 SQFT – List Price $699,000 (short sale - 2 offers)

2002 4th Street #201, SANTA MONICA - www.2002Fourth.com

Beds 1 Baths 1 / 717 SQFT - List Price - $339,000 (7 offers in first week)

Brian’s Best Value Listings (priced at 2003 levels) :

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 Living Space: 1,081 - $605,000 (pending offers)

*New listings coming on the market soon. Call for details.

WEST OF LINCOLN / CONDO MARKET UPDATE - SEPTEMBER 2009

2009-09-24T12:11:00.000-07:00

SANTA MONICA – PICO BLVD TO NAVY STREET

# of New Listings - 9

# of Sold Listings - 3

Average Price Per Unit Sold - $ 740,000

Average Price Per SQFT SOLD - $622.00

--------------------------------------------------------------------------------

VENICE– NAVY STREET TO WASHINGTON BLVD

# of New Listings - 8

# of Sold Listings - 6

Average Price Per Unit Sold - $857,000

Average Price Per SQFT SOLD - $534 .00

--------------------------------------------------------------------------------

MARINA DEL REY – WASHINGTON BLVD TO END OF VIA MARINA

# of New Listings - 31

# of Sold Listings - 13

Average Price Per Unit Sold - $ 599,000

Average Price Per SQFT SOLD - $406.00

--------------------------------------------------------------------------------

Brian’s September SOLD LISTINGS:

343 Rennie Ave #5, VENICE – www.343Rennie.com

Beds 2 Baths 2 / 1,362 SQFT – List Price $ 799,000 - Sale Price - $835,000^

--------------------------------------------------------------------------------

Brian’s New Escrows:

2913 3rd Street #202, SANTA MONICA

Beds 2 Baths 2 / 1,369 SQFT - List Price - $849,000

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 / 1,460 SQFT – List Price $ 699,000 (short sale - 2 offers)

2002 4th Street #201, SANTA MONICA - www.2002Fourth.com

Beds 1 Baths 1 / 717 SQFT - List Price - $339,000 (7 offers in first week)

--------------------------------------------------------------------------------

Brian’s Best Value Listings (priced at 2003 levels) :

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 Living Space: 1,081 - $605,000 (pending offers)

*New listings coming on the market soon. Call for details.

West of Lincoln - July 2009 - Condo Market Update (Santa Monica, Venice, Marina del Rey)

2009-08-24T12:19:00.000-07:00

WEST OF LICOLN CONDO MARKET UPDATE – July 2009

SANTA MONICA – PICO BLVD TO NAVY STREET

# of New Listings - 3

# of Sold Listings - 9

Average Price Per Unit Sold - $988,800

Average Price Per SQFT SOLD - $653.00

--------------------------------------------------------------------------------

VENICE– NAVY STREET to WASHINGTON BLVD

# of New Listings - 7

# of Sold Listings - 5

Average Price Per Unit Sold - $700,000

Average Price Per SQFT SOLD - $484.00

--------------------------------------------------------------------------------

MARINA DEL REY – WASHINGTON BLVD TO END OF VIA MARINA

# of New Listings - 28

# of Sold Listings - 7

Average Price Per Unit Sold - $499,000

Average Price Per SQFT SOLD - $539.00

--------------------------------------------------------------------------------

Brian’s July SOLD LISTINGS:

2020 Sixth Street #4, SANTA MONICA – www.2020Sixth.com

Beds 2 Baths 3 + Loft / 1,669 SQFT – List Price $1,039,000 - Sale Price - $1,051,000 ^

*Brian represented the Seller

--------------------------------------------------------------------------------

Brian’s New Escrows:

343 Rennie Ave #5, VENICE – www.343Rennie.com

Beds 2 Baths 2 Living Space: 1,362 – List Price $799,000 (4 offers in first week)

--------------------------------------------------------------------------------

Brian’s Best Value Listings (priced under market to sell):

6756 Woodrow Wilson, Hollywood Hills – www.WoodrowModern.com

Beds 2 Baths 2.5 / 3,000 SQFT – List Price $999,000 (new construction)

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 / 1,460 SQFT – List Price $749,000 (short sale)

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 / 1,081 SQFT - $604,999 (Sea Colony II)

*Call for pocket listings in your area (coming soon)

Wilshire Avenue to Montana Avenue (Ocean -26th Street) - July-August 2009 - Condo Market Update

2009-08-24T12:16:00.000-07:00

SANTA MONICA CONDO MARKET UPDATE – JULY 2009

Wilshire Avenue to Montana Avenue

OCEAN AVENUE to LINCOLN BLVD

# of New Listings - 2
# of Sold Listings - 3
Average Price Per Unit Sold - $740,000
Average Price Per SQFT SOLD - $ 749.00

LINCOLN BLVD to 14TH STREET

# of New Listings - 7
# of Sold Listings - 5
Average Price Per Unit Sold - $620,000
Average Price Per SQFT SOLD - $551.00

14TH STREET - 26TH STREET

# of New Listings - 5
# of Sold Listings - 8
Average Price Per Unit Sold - $ 852,000
Average Price Per SQFT SOLD - $ 558.00

Brian’s Recent SOLD LISTINGS:

2428 Third Street, SANTA MONICA – www.2428Third.com
Beds 4 Baths 3 / 2,605 SQFT - List Price $1,789,000 – Sale Price - $1,740,000
*Brian represented the Seller

2020 Sixth Street #4, SANTA MONICA – www.2020Sixth.com
Beds 2 Baths 3 + Loft / 1,669 SQFT – List Price $1,039,000 – Sale Price $1,051,000 ^
*Brian represented the Seller

601 Ocean Park Blvd, SANTA MONICA
Beds 3 Baths 3 /1775 SQFT - List Price: $1,075,000 – Sale Price - $1,050,000
*Brian represented the Buyer

3002 Third Street #206, SANTA MONICA – www.3002Third.com
Beds 2 Baths 2.5 / 1,470 SQFT - List Price $899,000 - Sale Price - $860,000
*Brian represented the Seller

424 Venice Blvd #1, VENICE
Beds 2 Baths 2.5 / 1,956 - List Price $899,000 – Sale Price - $850,000
*Brian represented the Buyer

255 Main Street #206, Venice – www.CondosOnMain.com
Beds 2 Baths 2 / 1,188 SQFT - List Price: $675,000 – Sale Price - $650,000
*Brian represented the Seller

245 Main Street #111, Venice – www.CondosOnMain.com
Beds 2 Baths 2 - 1,188 SQFT / List Price: $665,000 – Sale Price - $640,000
*Brian represented the Seller

Brian’s New Escrow:

343 Rennie Ave #5, VENICE – www.343Rennie.com
Beds 2 Baths 2 / 1,362 SQFT – List Price $799,000 (4 offers in the first week)

Brian’s Best Value Listings (priced at 2003 levels):

2021 California Ave #10, SANTA MONICA – www.2021California.com
Beds 3 Baths 2 / 1,460 SQFT – List Price $699,000 (short sale)

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com
Beds 1 Baths 1.5 / 1,081 SQFT - $604,999 (Sea Colony II)

*Call for pocket listings in your area (coming soon)

Santa Monica Condo Sales Update - June 2009 - Wilshire Blvd to Montana Avenue

2009-06-26T13:20:00.000-07:00

SANTA MONICA CONDO MARKET UPDATE – JUNE 2009

BORDER -- Wilshire Avenue to Montana Avenue***

OCEAN AVENUE to LINCOLN BLVD

# of New Listings - 4

# of Sold Listings - 4

Average Price Per Unit Sold - $662,000

Average Price Per SQFT SOLD - $ 538.00

LINCOLN BLVD to 14TH STREET

# of New Listings - 3

# of Sold Listings - 3

Average Price Per Unit Sold - $620,000

Average Price Per SQFT SOLD - $584 .00

14TH STREET - 26TH STREET

# of New Listings - 7

# of Sold Listings - 11

Average Price Per Unit Sold - $ 730,000

Average Price Per SQFT SOLD - $ 546.00

Brian’s June SOLD LISTINGS:

838 Tenth Street #1, SANTA MONICA - www.838Tenth.com

Beds 3 Baths 3.5 Living Space, 3,000 / List Price $1,799,000 - Sale Price - $1,799,000

*Brian represented both the Seller & Buyer (highest sale price in 2009)

3019 Third Street Unit 404, SANTA MONICA – www.3019Condo.com

Beds 2 Baths 2 Living Space 1,371 SQFT / List Price $849,000 – Sale Price - $1,000,001^

*Brian represented the Seller

2306 Sixth Street, SANTA MONICA – www.2306Sixth.com

Beds 2 Baths 1 Living Space: 1,081 SQFT / List Price $624,999 – Sale Price - $609,000

*Brian represented both the Seller & Buyer

2431 3^rd Street Unit 10, SANTA MONICA – www.2431Third.com

Beds 1 Baths 1 Living Space: 641 SQFT – List Price - $479,000 – Sale Price - $525,000^

*Brian represented the Seller

1123 Tenth Street Unit H, SANTA MONICA – www.1123Tenth.com

Beds 2 Baths 1 Living Space: 806 SQFT – List Price $499,000 – Sale Price - $515,000^

*Brian represented the Seller

Brian’s New Escrows:

2020 Sixth Street #4, SANTA MONICA – www.2020Sixth.com (3 offers in the first week)

Beds 2 Baths 3 + Loft Living Space: 1,669 SQFT – List Price $1,039,000

Brian’s New Listings:

833 17th Street, SANTA MONICA - www.833Seventeenth.com

Beds 3 Baths 2.5 + Loft Living Space: 2,500 SQFT - List Price $1,775,000 (pocket listing)

343 Rennie Ave #5, VENICE – www.343Rennie.com

Beds 2 Baths 2 Living Space: 1,362 – List Price $849,000

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 Living Space: 1,460 – List Price $799,000

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 Living Space: 1,081 - $625 ,000

Santa Monica Condo Sales Update - June 2009

2009-06-15T10:57:00.000-07:00

CONDO MARKET UPDATE – June 2009

Market values continue to slide a bit as rates have trickled up. See info below!

SANTA MONICA – WEST OF LINCOLN

# of New Listings - 5

# of Sold Listings - 8

Average Price Per Unit Sold - $670,000

Average Price Per SQFT SOLD - $617.00

VENICE– WEST OF LINCOLN

# of New Listings - 7

# of Sold Listings - 6

Average Price Per Unit Sold - $662,000

Average Price Per SQFT SOLD - $510.00

MARINA DEL REY – WEST OF LINCOLN

# of New Listings - 16

# of Sold Listings - 11

Average Price Per Unit Sold - $499,000

Average Price Per SQFT SOLD - $355.00

Brian’s June SOLD LISTINGS:

3019 Third Street Unit 404, SANTA MONICA – www.3019Condo.com

Beds 2 Baths 2 Living Space 1,371 SQFT / List Price $849,000 – Sale Price - $1,000,001^

*Brian represented the Seller

424 Venice Blvd #1, VENICE

Beds 2 Baths 2.5 Living Space: 1,956 / List Price $899,000 – Sale Price - $850,000

*Brian represented the Buyer

2306 Sixth Street, SANTA MONICA – www.2306Sixth.com

Beds 2 Baths 1 Living Space: 1,081 SQFT / List Price $624,999 – Sale Price - $609,000

*Brian represented both the Seller & Buyer

2431 3^rd Street Unit 10, SANTA MONICA – www.2431Third.com

Beds 1 Baths 1 Living Space: 641 SQFT – List Price - $479,000 – Sale Price - $525,000^

*Brian represented the Seller

1123 Tenth Street Unit H, SANTA MONICA – www.1123Tenth.com

Beds 2 Baths 1 Living Space: 806 SQFT – List Price $499,000 – Sale Price - $515,000^

*Brian represented the Seller

Brian’s New Escrows:

2020 Sixth Street #4, SANTA MONICA – www.2020Sixth.com (3 offers in the first week)

Beds 2 Baths 3 + Loft Living Space: 1,669 SQFT – List Price $1,039,000

Brian’s New Listings:

6756 Woodrow Wilson, Hollywood Hills – www.WoodrowModern.com

Beds 2 Baths 2.5 Living Space: 3,000 SQFT – List Price $1,199,000

343 Rennie Ave #5, VENICE – www.343Rennie.com

Beds 2 Baths 2 Living Space: 1,362 – List Price $849,000

2021 California Ave #10, SANTA MONICA – www.2021California.com

Beds 3 Baths 2 Living Space: 1,460 – List Price $799,000

2940 Neilson Way #204, SANTA MONICA – www.SeaColonyUnit.com

Beds 1 Baths 1.5 Living Space: 1,081 - $649,000

Santa Monica condo sales in Ocean Park - wow!

2009-05-06T20:56:00.000-07:00

Have we hit our bottom? I am not ready to call that shot yet, but when rates fall under 5%, it sure feels like it. In January of 2009, the rates fell under 5% and I put 6 properties in escrow (in two weeks). then rates went up AND things slowed a bit. All of those sales closed, by the way.

Rates have fallen again. In March and April of 2009s, all of my listings are going into multiple offer situations and we are getting much higher price per sqft values, then two months ago.

I just put 2020 6th Street #4, Santa Monica CA on the market for $1,039,000. You can see the listing at www.2020sixth.com. Very sweet townhome in Ocean Park, CA near Main Street. I feel the same buzz going on... We will see what happens, by I just closed on 601 Ocean Park Blvd (a few blocks away) and they are very comparable.

I love selling properties in Santa Monica, escpecially Ocean Park, near Main Street and the beach. What a great place to live.

BRIAN MASER
Abbot Kinney Real Estate
310-795-8010

Santa Monica condo market - selling fast in April 2009

2009-04-18T22:20:00.000-07:00

Dear loyal Santa Monica condo hunters and sellers,

Something is really buzzing in the Santa Monica condo market, West of Lincoln. In the first two weeks of April, I sold three new condo listings with less than 5 days on the market each. All for close to 10% over asking price. No, they did not sell at overvalued prices, just at the real market value. The market will always set your highest price.

Sticking to the facts, makes this process easy. Keep on looking at what has recently sold AND buyers, do not be afraid to step up to the plate if you see something priced right (based on the real comparables).

Brian Maser's new listings in Santa Monica, CA (West of Lincoln)

1. 2431 3rd Street #10, Santa Monica CA (www.2431Third.com) - $479,000

2. 3019 3rd Street #404, Santa Monica CA (www.3019condo.com) - $849,000

P.S. I have a new townhome coming on the market during the first week of May. It is fantastic. Call me at 310-795-8010 if you are interested. It is West of Lincoln, just South of Bay Street.

Santa Monica condo sales remain strong in 2009

2009-04-04T15:02:00.000-07:00

Real Estate is really very simple. If the price is to high, then you get no bidders or bottom feeders throwing you low ball offers. If the price is right, then the real buyers show up with their checkbooks in hand.

For condos in Santa Monica, Venice and Marina del Rey, those principles continue to hold strong. I am having trouble holding on to any of my listings because they are selling so fast. Why is that my clients' properties are moving in a terrible market? It is because they do all the right things I ask of them. Clear out the clutter, touch up paint, put the furniture in the most appealing places. THEN PRICE IT BASED ON REAL MARKET COMPS, not false emotions.

Not brain surgery. I just listed 3019 3rd Street #404, Santa Monica CA. Great Penthouse unit on 3rd Street, between Ashland and Marine. My phones will not stop ringing.

Details: Priced at a strong $849,000 - http://www.abbotkinneyrealestate.com/vtours/3019THIRD.htm
RARE CORNER PENTHOUSE IN THE AWARD WINNING SEA VIEW COLLECTION ON 3RD STREET. FABULOUS WEST FACING SANTA MONICA BAY, OCEAN, MOUNTAIN & CITY LIGHT VIEWS (FROM MALIBU TO PALOS VERDES). VAULTED CEILINGS, BLEACHED HRDW FLRS & SKYLIGHTS. 2 BLOCKS TO HIP MAIN STREET SHOPS, CAFES, RESTAURANTS, YOGA, SURF BREAKS, BIKE PATHS, FARMERS MARKET & MORE. INSIDE LAUNDRY, 2 CAR SUBTERRANEAN PARKING, CONTROLLED SECURITY ACCESS. GREAT LIGHT, YEAR ROUND SUNSETS, OCEAN BREEZE & LOCATION. COME SEE FOR YOURSELF!

I bet this one sells in less than two weeks to a great lucky buyer!

Brian Maser
Abbot Kinney Real Estate
310-795-8010

Santa Monica Condo Sales (Market Update)

2009-03-21T14:26:00.001-07:00

Santa Monica condo sales remain strong, even though values continue to fall. If your condo has not sold or received an offer in the first 3 weeks, then you are over priced. We continue to have 60-70 buyers come through each of my listed properties in the first two weeks. Most of my sellers are selling their properties within the first 30 days. The demand is very strong to live in Santa Monica and properties West of Lincoln Blvd.

Please see some of my 2009 listings/sales below:

www.833Tenth.com - $1,799,000 (sold in 1 day for full price) - Brian Maser represented both Seller and Buyer
www.2428Third.com - $1,789,000 (sold in first 30 days) - Brian Maser represented Seller
www.833Tenth.com - $1,7750,000 - Brian Maser represented Seller
www.3002condo.com - $899,000 - Brian Maser represented Seller
www.CondosOnMain - $749,000-$665,000 - Brian Maser represented Seller
www.2306sixth.com - Brian Maser represented both Seller and Buyer
www.2721second.com - $510,000 - Brian Maser represented Seller
www.2411Third.com - $499,000 - Brian Maser represented Seller
www.1123Tenth.com - $499,000 - Brian Maser represented Seller

Brian Maser
Abbot Kinney Real Estate
310-795-8010
www.abbotkinneyrealestate.com