About Santa Monica Canyon, North of Wilshire and North of Montana Real Estate Market
Our market is strong. We have enjoyed healthy appreciation. We anticipate a leveling-off of the rise in prices. There are neighborhoods that appeal to just about everyone. Our market remains strong in part, because of our diverse economy. As a Santa Monica homeowner, myself, I am confident that it remains one of the most effective investments I can make. The over $2,000,000 properties will probably level or even soften a bit in price. We expect the $350,000 to $999,000 properties to level or continue to appreciate slightly in the new year. The $1,000,000 to $1,999,999 range is expect to remain level.
First Time Buyers >Determining A Price Range
If you are working with a real estate agent to find a new home, the agent will probably ask a lot of questions about your income, liquid assets, and debt situation. The real estate agent needs such information to help you determine your price range.
Whether you are buying your first home, or moving up, your agent can give you solid advice on how to maximize your buying power. With so many mortgage alternatives available, you may find that you can buy more than you thought. Your individual situation might make some types of mortgages or financing more of a risk than you really want to take. Each buyer's situation is unique, and real estate agents understand the importance of finding you the perfect home and the perfect financing to enable you to afford it.
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| Q |
Where was the great land boom (1919) in which investors paid up to $25,000 for lots not yet dredged up from the ocean?
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| A |
The great Florida land boom brought hundreds of investors to the state after Carl Fisher founded Miami Beach in 1919. |
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