STEP 1: Identify “Comps” (Comparable Homes)

STEP 1: Identify “Comps” (Comparable Homes)

First, what is a “comp?” Comparable homes (“comps”)are homes that are in the same area as yours, and have a similar home size, lot size, condition, and, if possible, style of home. Consider the area: It’s important to analyze homesin just...
Holiday 2016 Market Update

Holiday 2016 Market Update

With the holidays, one might think the real estate market would slow down. However, there’s actually still plenty of activity this year, possibly influenced by the recent upward performance of the stock market. Going into the holiday season, in our neighborhood...
SANTA MONICA: Going Inside the Numbers

SANTA MONICA: Going Inside the Numbers

This week, Connie did some market analysis from the MLS for a client, and the numbers show some interesting things. Let’s have a look:   As you can see, above $4 million, there is very low inventory in our neighborhood. And now, with even lower interest...