The amount of high-end luxury buyers has grown this past year; with a number of multi-million dollar homes being sold it seems to be encouraging others to start buying again with confidence. According to the Los Angeles Times, statewide 39,145 homes sold for $1 million or more in 2013, up 45% from the year before and the best showing since 2007. In Santa Monica, for the first time last year several properties were listed at or above $25 million. The number of buyers from around the globe is increasing and the celebrity housing market is really heating up in popularity. The city is also seeing more developers investing in million dollar housing and commercial projects, which are becoming quite controversial. On the flip side, more investors are purchasing and remodeling’s properties and putting them back on the market.
The following is a 2013 North of Montana Ave year in review / equity market update. These are all the homes that were listed and sold in the MLS in the 90402 zip code. To see the sale details, including photos of each home click on the blue MLS number. And of course if you would like a detailed evaluation of your home's current market value please call me at 310-924-4014 for a free, no obligation, complimentary Comparative Market Analysis.
I look forward to assisting you with all your real estate needs in 2014.
Find out what's happening in Santa Monicawith free, real-time updates from Patch.
Click here to see last year's SOLDS in zip code 90402 in Santa Monica. http://bit.ly/1ccNKj6
Here is your up to the minute real estate market info:
Find out what's happening in Santa Monicawith free, real-time updates from Patch.
There are 12 homes available to buy North of Montana Ave with 1602 Georgina Ave and 703 12th St hitting the market. There are 6 homes in escrow with 217 21st St. and 507 12th St. going under contract in the last few days. Year-to-date, there are 4 homes that have closed so far this year with 557 15th St, 256 4th St and 730 San Vicente closing this week.
New Listings this Week
1602 Georgina Ave. - 5bd + 5ba. $5,500,000.
John Byers Spanish Colonial with “Hacienda” features. Beautiful verandas, brick enclosed patio, landscaped patios invoking lots of Old Spanish charm. With modern amenities, gourmet kitchen w/French stone, center island, top-of-the-line appliance, large family room, backyard w/pool, spa, built-in bbq and more. Last sold in March 2005 for $4,200,000 million.
703 12th St. - 5bd + 5ba. $4,050,000.
Spanish style home by Robert Ramirez w/terraces & inner courtyards. Bright with lots of natural light. Last sold in January 2010 for $2,795,000.
710 22nd St. - 5bd + 5ba. $3,549,000. Re-listed at a significantly reduced price 4,662 sq. ft. with a great indoor and outdoor feel. Very 80’s décor but with a bit of imagination this home could be great. Last sold in April 1988 for $618,000.
New Sales this Week
217 21st St. - 4bd + 4.5ba. $3,450,000.
Listed and sold by Pence Hathorn Silver. Gorgeous, original 1927 Spanish with great curb appeal. 3 large bedrooms each with their own bathroom upstairs, 1 bedroom + ¾ bath downstairs. Features oversized living room, formal dining, lovely sun room, private backyard with pool and spa. Franklin School District.
507 12th St. - 5bd + 5ba. $4,195,000. Sold by Pence Hathorn Silver.
Great floor plan. 4 bedrooms ups and 1 bedroom down. Features formal dining, large living and family room. Luxurious master bedroom w/balcony. Bonus room above garage great for office, gym or storage space.
Closed Deals this Week
557 15th St. - 5bd + 8ba. $3,780,000.
(The original list price on this home was $5,838,000 in May of 2013!)
256 24th St. - 3bd + 3ba. $3,250,000.
730 San Vicente Blvd. - 3bd + 2ba.
$2,300,000.
Pence Hathorn Silver Active Properties:
2009 La Mesa – 6bd + 8ba - $18,900,000
502 16th St. – 5bd + 7.5ba - $8,495,000
6415 Meadows Court – 6bd + 7ba - $5,995,000
601 17th St. – 5bd + 6ba - $4,600,000
728 25th St. – 5bd + 6.5ba - $4,595,000
227 & 229 4th St. – 2bd + 1ba & 4 units in the back - $1,995,000
416 Entrada Dr. – 3bd + 1.75ba - $1,595,000
Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave. community on our North of Montana blog. Add your comments (scroll down to the “Add Your Comment” section) and read other blogs. And please call my mobile phone (310) 924-4014 with any questions.
