Beach Sales Picking up. Vote for the next Sale to win…

by ritasimpson on October 19, 2011

in How's The Market

Although beach sales have been sluggish this year, the pace picked up these last three months with 2 big sales on Malibu Road. Both sold  above 12 million within days of hitting the market and both were designer perfect…Of the 9 sales in the last three months, four were located in the southern beaches closer to Santa Monica with a median price of $2.5 million. The other two were in the 5 million range, both amazing buys in the secluded beaches of Sea Level and Latigo Shores.

The total volume per the MLS records was $49 million. This was almost half the volume of sales during the same period last year (2010) of $94 million, with six sales above $8 million! However compared to 2009, with a sales volume of $37 million for the period we are looking up for the rest of the year and we have quite a few spectacular homes to choose from.

Take your pick and vote on which will sell next…Let me know which one you think will sell first and if it does you  win a  $15 Starbucks card!

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