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

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)