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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (184889)	2/19/2009 12:29:19 AM
From: MulhollandDrive	Respond to of 306849

Second, simply an amazing increase in listings in Santa Monica, Venice, PP, Marina Del Ray, and parts of Malibu. All in the past week. Either there is a seasonal surge starting or awareness that even the premium areas are taking a hit and it is time to get OUT is increasing. There are so many in Santa Monica and Venice I've not had a chance to review them all and add them to my database. Have to do that this weekend and maybe post some numbers for the thread. hi TH.....i spoke with a realtor yesterday about a listing i saw in craigslist ...a condo that sold in 2005 for $900k was listed at $599k....they got a quick offer on it (short sale) and the potential buyer now waits while the lender makes up their minds....anyway....apparently there is a glut of listings coming on in the the areas you listed...i think your patience will be rewarded

To: TH who wrote (184889)	2/19/2009 3:06:01 AM
From: Poet	Read Replies (1) \| Respond to of 306849

Second, simply an amazing increase in listings in Santa Monica, Venice, PP, Marina Del Ray, and parts of Malibu. All in the past week. Either there is a seasonal surge starting or awareness that even the premium areas are taking a hit and it is time to get OUT is increasing. There are so many in Santa Monica and Venice I've not had a chance to review them all and add them to my database. Have to do that this weekend and maybe post some numbers for the thread. Please do that. I'm following with interest.