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Kim and Kristine Halverson Realty

<br>Experts Real Estate Agents in Santa Monica, Kim and Kristine Halverson are eager to help you find your dream home. Visit: http://kimandkristine.tv<br>

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Kim and Kristine Halverson Realty

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  1. Contact: Kim and Kristine Halverson 3130 Wilshire Blvd. Suite 100 Santa Monica, CA 90403 FOR IMMEDIATE RELEASE Tel: 310.737.8173 Email: info@kimandkristine.com

  2. Santa Monica real estate market continues to perform Property values continue to see increase in Santa Monica real estate as need for housing grows The news about Santa Monica real estate this spring proves the market is continuing to add value. More than one newspaper report says prices and rents are increasing and demand shows little sign of slowing. “This shows Santa Monica and the surrounding area is growing. We have the jobs, we have the cultural activities people want and we have the beach, of course,” said Kim Halverson, who runs Berkshire Hathaway Home Services California Properties with her sister Kristine. Zillow reports the price of the average home in the area rose 4 percent over the past year and 2.2 percent increase is expected over the next year. The report puts the median price at $1,188,700. Zillow describes the Santa Monica real estate market as “very hot.”

  3. Truly shows much the same. It tracks back to the year 2000, showing a pretty steady climb in real estate values. Even the nation’s housing bubble and resulting crash did not have a major effect on real estate in the area. “That’s exactly what we saw,” said Kristine Halverson. “There was a dip, but if you track sales long term, it’s been an increase. In 2000, the media price was $336,000. Now it’s close to $1.2 million and expected to climb even more.” The sisters say they are seeing people realize how much equity they have and are selling their homes. They are buying other homes or using the money to plan other things to do with their life. The people coming in have noted the rise and expect to ride the increase. For more information about the Santa Monica housing market, visit kimandkristine.tv or call 310 737 8173

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