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
$2,095,000 : 2334 26TH Street, Santa Monica3 beds, 2 full, 1 half baths
$14,000,000 : 602 PALISADES BEACH Road, Santa Monica7 beds, 7 full baths
$4,888,000 : 601 GEORGINA Avenue, Santa Monica4 beds, 3 full baths
$2,299,000 : 2260 27TH Street, Santa Monica4 beds, 3 full baths
$4,999,000 : 333 22ND Street, Santa Monica5 beds, 3 full, 3 three-quarter baths
$3,595,000 : 207 11TH Street, Santa Monica5 beds, 5 full baths
$3,075,000 : 835 26TH Street, Santa Monica3 beds, 2 full, 1 half baths
$3,950,000 : 615 24TH Street, Santa Monica4 beds, 5 full, 1 three-quarter baths
$1,499,000 : 3043 LINDA Lane, Santa Monica3 beds, 2 full baths
$5,390,800 : 624 MARGUERITA Avenue, Santa Monica4 beds, 2 full, 2 half baths
$1,500,000 : 2102 PIER Avenue, Santa Monica3 beds, 2 full baths
$2,295,000 : 1123 BERKELEY Street, Santa Monica3 beds, 2 full, 1 half baths
$4,875,000 : 215 21ST Place, Santa Monica5 beds, 3 full, 1 three-quarter, 1 half baths
$1,995,000 : 259 W CHANNEL Road, Santa Monica2 beds, 2 full baths
$4,975,000 : 630 KINGMAN Avenue, Santa Monica5 beds, 5 full baths
See all Santa Monica Homes for Sale.
(all data current as of 7/24/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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