It is not just the moderately-priced homes for sale in Los Angeles that encourage multiple offers and over-asking sale prices.
There is a home which just sold in Santa Monica. It is in a prime, desirable area, but a 40s house in original condition, just over 2,000 sq. ft. on a just under 9,000 sq. ft. lot.
Listed at $2.275M
On the market for 20 days
Sold for $3,000.000
$750,000 OVER ASKING!
13 sold over asking with an average sales vs list price of 106%, excluding the property above. Average days on the market 22.Over the past month there have been 30 single family homes sold in Santa Monica.
The rest sold with an average sales vs list price of 94.98% with average days on the market 81.
All 30 show a sales vs list price of 100.37% and an average of 54 days on the market.
There are presently 33 homes under contract and 33 listed on the market.
Santa Monica homeowners, if you ever thought of selling, now is as good a time as any.
Santa Monica home sales over the past year
Homes for sale in Santa Monica
See all Santa Monica Homes for Sale.
(all data current as of 8/30/2014)
$2,395,000 : 383 AMALFI DR, Santa Monica3 beds, 2 full baths
$1,250,000 : 3011 7TH ST, Santa Monica2 beds, 2 full baths
$1,150,000 : 2217 PEARL ST, Santa Monica2 beds, 1 full bath
$3,199,000 : 100 ESPARTA WAY, Santa Monica4 beds, 1 full, 2 part baths
$2,199,000 : 2302 HILL ST, Santa Monica4 beds, 4 full baths
$2,995,000 : 932 22ND ST, Santa Monica4 beds, 3 full, 3 part baths
$15,000 : 2606 HIGHLAND AVE, Santa Monica3 beds, 3 full baths
$1,448,000 : 2621 25TH ST, Santa Monica3 beds, 2 full baths
$900,000 : 727 MARINE ST, Santa Monica2 beds, 1 full bath
$2,995,000 : 1019 FRANKLIN ST, Santa Monica3 beds, 3 full baths
$1,399,000 : 1109 ARIZONA AVE, Santa Monica2 beds, 2 full baths
$5,395,000 : 440 15TH ST, Santa Monica5 beds, 2 full, 5 part baths
$1,795,000 : 461 W RUSTIC RD, Santa Monica1 bed, 1 full bath
$4,099,000 : 311 11TH ST, Santa Monica5 beds, 7 full baths
$3,397,000 : 521 E CHANNEL RD, Santa Monica2 beds, 2 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.