SANTA MONICA OCTOBER CONDO MARKET UPDATE (WILSHIRE TO MONTANA)

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.