There are a LOT of properties for lease these days, and many of them are sitting on the market for a long time. Here’s a quick rundown of the numbers as of September 20, 2017.
75 homes for lease in all of Santa Monica asking $9,000/month or more
41 homes for lease just in 90402 asking $9,000/month or more
The average number of Days on Market for leases in 90402 is 149.
Beverly Hills Post Office
141 homes for lease just in 90210 asking $9,000/month or more
The average number of Days on Market for leases in 90210 is 162.
With the average lease taking so long to close, leasing is no longer an easy task. Landlords now need to compete for tenants, so adequate preparation of a home is a MUST, and having a Realtor who’s not afraid to work hard is crucial.
As a Neighbor, Realtor, and Licensed Broker, I am happy to share tips, so feel free to call me.
A CASE IN POINT
Just leased by Connie:
Santa Monica Beach home (pictured above)
It wasn’t enough to just list this home on the MLS. Connie went to local businesses, tech companies, and beach front hotels, such as Shutters, with beautiful, 6-page brochures showing the property in its best light. Time, money, and great effort were invested, and in the end, Connie was successful in finding a tenant.