Interesting Wednesday afternoon, I was presenting my report compilation of sales of Venice /Marina/Playa Del Rey at a meeting of a lot of real estate heavy hitters with former guru real estate company owner Jon Douglas as the key note speaker.

It was clear to see that the very high end properties had slowed down in sales quite a bit.The $10-20m market was down as was everything over $5m.The bright spot has been that due to the weakening dollar there is an influx of foreign buyers looking at the traditional markets in Southern California such as Malibu and Beverly Hills. I find this very encouraging and while checking sales in the U.K. market it seems that things are jogging along very nicely.

Beach properties will always do well and as long as one is not looking for a quick flip buying now will produce great dividends long term.Listening to all the reports from all areas like Santa Monica ,Brentwood  Hollywood ,Hancock Park it was clear that sales are continuing …just at a slower pace.

Here in Venice and Marina Del Rey/Playa Del Rey things are slow but in reviewing last years statistics they are practically identical.

Nice thing about living and working at the beach is that when things are slow I can go for those much needed relaxing beach walks or go work out..

Lets all remember :The way you choose to see the world creates the world you see.

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