Blog

23 Jan 2017 - Geoff Sherr
Regardless of where you stand on the new administration, one thing is likely:  the Trump administration will weigh in on the real estate markets.  Real estate has been the focus of Trump's career, and Republicans tend to be proponents of development and more open markets. One of his first acts as president last week was to cancel an interest rate cut for FHA loans that was ordered by President Obama.  You can read more about the story here:  http://lat.ms/2jUnmJg What does this mean for you the homeowner or potential buyer?  If you don't plan to have a mortgage backed by the Federal Housing... Read more
06 Jan 2017 - Geoff Sherr
Congrats Ted! On December 13th the Santa Monica City Council unanimously named Maser Condo Sales team member Ted Winterer as Santa Monica's next mayor! Ted is a 25-year resident of Santa Monica, and has been on the city council since 2012. He's has been a major advocate for open space, solving the city's parking and traffic issues, and has been a supporter of small business. Ted has worked tirelessly in the last few years to support the city's police and fire departments, public schools and social services.  We are proud to have Ted as a member of our team and wish him much success in his new... Read more
06 Jan 2017 - Geoff Sherr
Please see below market update from December 1st from our preferred lender Scott Sealey from Mortgage Capital Partners: Jobs numbers for November are at 178,000 which is right on target with predictions. This is another strong month of employment with unemployment at its lowest since 2007 below 4.6%. The strong economic numbers for October/November economy reflected increased growth and with this strength it is generally a cause for escalation in rates. This increased confidence in the economy leads to increase in stock prices and a stronger dollar. Interest rates yields had the biggest... Read more
05 Jan 2017 - Geoff Sherr
The election has finally passed. People are settling in, while trying to figure out what our future holds.  Interest rates have gone up a bit and projections are that the Fed will continue to raise rates. Our new president would like to lower taxes on the top 1% - but who knows what's going to really happen out there?   What we can tell you is that inventory continues to shrink, with less and less property for people to buy.  We are seeing aggressive buyers and multiple offers on many of our listings in Santa Monica, Los Angeles, Brentwood, & Marina Del Rey. Regardless of the market going... Read more
11 Nov 2016 - Geoff Sherr
We're very proud to announce that Maser Condo Sales team member Ted Winterer was elected to another term on the Santa Monica City Council! Ted served on the city council for the last four years, and helped enact exciting things for the community. Some of the initiatives Ted has supported include eight acres of new parks, additional staffing for Santa Monica police and fire departments, establishing the new Breeze bike share program, and much more. Congrats Ted! Here's to four more years of helping Santa Monica be a great place to live. For details on the Santa Monica city council election and... Read more
31 Oct 2016 - Geoff Sherr
In the last 60 days (ending October 27), there were 22 condos/townhomes sold in Playa del Rey.  In addition, there are currently 20 properties in escrow, and 31 active listings.  The average price for condos/townhomes in Play Del Rey that were sold in the last 60 days was $543,534 (funny coincidence!).  The average square foot was 997, and price per square foot for the area was $553.50. Here is an example of one of our recent sales in Playa del Rey:  http://bit.ly/2aoKOKO This property sold for above asking at $611,000, and is a great example of what Playa del Rey has to offer in the way of... Read more
31 Oct 2016 - Geoff Sherr
The median price for all residential properties sold in Santa Monica last week (specifically ZIP code 90403) was $1,685,000, and had a price of $734 per sq. ft. The median price for condos and townhomes only in the same ZIP code was $892,500, with an $878 price per sq. ft. It's still a sellers market out there, but we've noticed prices cooling a bit and properties in Santa Monica staying on the market a little longer than in the past. That means that if you are a serious buyer, this may be a good time for you to land your dream home. If you are a seller, it's a good reminder that things don't... Read more
31 Oct 2016 - Geoff Sherr
Here at Maser Condo Sales we are firm believers that Marina del Rey has something for EVERYONE!  Whether you are a retiree looking to downsize, or a new family looking for a accessible beaches.  Here is a list of some of our favorite things to do in Marina del Rey (not in order): 1) HInano's on Washington Blvd.  This is one of the few remaining "dive" bars in Marina del Rey and Venice.  Not only do they pour cheap, stiff drinks, but they have one of the best burgers on the west side.  Secret tip:  the open early in the am and their breakfast burrito is a favorite of local surfers just getting... Read more
03 Oct 2016 - Brian Maser
Things continue to steam along in the westside housing market, despite indications that certain sectors (like luxury single family homes) have recently cooled.  We feel the summer may have slowed things a bit, but that's natural and expected.  Based on The Multiple Listing Service and public data, there were 402 sales of condos and townhomes on the westside (west of the 405, north of LAX) in the last 90 days. These properties were on the market for 45 days on average, and sold for 4-5% above asking price.  Hot areas for condos and townhomes continue to be Brentwood, Santa Monica and Marina... Read more

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