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
$2,195,000 : 926 Centinela Avenue, Santa Monica3 beds, 2 full baths
$1,299,000 : 2622 25th Street, Santa Monica3 beds, 1 full bath
$1,585,000 : 1123 Ozone Avenue, Santa Monica2 beds, 2 full, 1 half baths
$1,795,000 : 833 Bay Street, Santa Monica3 beds, 3 full baths
$1,400,000 : 2937 Virginia Avenue, Santa Monica3 beds, 2 full baths
$6,550,000 : 700 Kingman Avenue, Santa Monica4 beds, 4 full, 1 three-quarter baths
$1,949,000 : 2010 Pier Avenue, Santa Monica3 beds, 2 full baths
$5,495,000 : 19 Seaview Terrace, Santa Monica4 beds, 3 full baths
$1,350,000 : 1714 Wellesley Drive, Santa Monica2 beds, 1 full bath
$1,595,000 : 667 Marine Street, Santa Monica2 beds, 1 full bath
$1,495,000 : 2211 Hill Street, Santa Monica3 beds, 2 full baths
$1,278,000 : 2211 23rd Street, Santa Monica2 beds, 1 full bath
$3,399,000 : 551 Lincoln, Santa Monica5 beds, 4 full baths
$2,275,000 : 2727 11th Street, Santa Monica2 beds, 2 full, 1 three-quarter baths
$9,999,000 : 1024 Palisades Beach Road, Santa Monica6 beds, 8 full baths
See all Santa Monica Homes for Sale.
(all data current as of 4/29/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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