A glut in Santa Monica?

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Westside Bubble sees inventory piling up in the Sunset Park section of Santa Monica. Bear in mind, Santa Monica in particular, and the Westside in general, are still pretty tight markets. So Westside Bubble’s definition of a property that’s been ‘sitting on the market’ is property on the market 30 days or longer. Still, worth noting a sign of softness in the People’s Republic:
‘I’m seeing a growing glut of houses in Sunset Park, especially pricey fixed-up ones. Well-priced houses sell fast. These haven’t, and are stale in competing with the surge of new listings. Here’s a few of the listings in Sunset Park over 30 days on the market:

2224 Navy St., 2 bed/1 bath, $1,250K LP, 6/5/07 LD
2128 Navy St., 3/1, $1,259K, 6/4/07
2723 11th St., 2/2, $1,345K, 5/2/07
816 Wilson Pl., 3/2, $1,349K, 1/18/07, 10% reduction
2628 29th St., 4/3, $1,399K, 5/21/07
2202 Marine St., 5/4, $1.495K, 4/8/071101 Cedar St., 3/2, $1,499K, 5% reduction

Thoughts? Insights?