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
Showing properties
1 - 15 of 65.
See more Santa Monica Homes for Sale.
(all data current as of
5/18/2013)
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$2,295,000 : 1060 FRANKLIN ST, Santa Monica4 beds, 2 full, 1 part baths
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$1,195,000 : 1309 ARIZONA AVE, Santa Monica1 bed, 1 full bath
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$2,869,000 : 718 12TH ST, Santa Monica4 beds, 3 full baths
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$1,179,000 : 1609 ASHLAND AVE, Santa Monica3 beds, 1 full bath
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$3,199,000 : Harvard Street, Santa Monica4 beds, 5 full, 1 part baths
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$2,495,000 : 740 18TH ST, Santa Monica4 beds, 3.0 baths
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$2,295,000 : 380 MESA RD, Santa Monica3 beds, 3 full baths
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$1,429,000 : 2452 WASHINGTON AVE, Santa Monica2 beds, 2 full baths
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$11,500,000 : 1725 SAN VICENTE BLVD, Santa Monica7 beds, 6.5 baths
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$4,695,000 : 308 21ST PL, Santa Monica5 beds, 5.5 baths
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$3,995,000 : 352 20TH ST, Santa Monica5 beds, 4.5 baths
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$879,000 : 2124 YORKSHIRE AVE, Santa Monica3 beds, 1.75 baths
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$1,795,000 : 1037 MAPLE ST, Santa Monica4 beds, 3.5 baths
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$3,898,000 : 334 20TH ST, Santa Monica4 beds, 3.5 baths
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$2,300,000 : 937 CENTINELA AVE, Santa Monica6 beds, 6.0 baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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Now this is more like it. I love when buyers have to fight over houses like a pack of dogs on bone. Santa Monica is beautiful, and I understand why you might pay a premium price for homes. What I don’t understand is where these buyers were last year.
That’s the market. It would be lovely to see a balanced one for a change.
We’re experiencing the same thing in a few of our communities as well–so refreshing for sellers to finally be able to MOVE themselves AND their homes!
It is, isn’t it, Debe.
Wow, $750,000 over list? That’s incredible. I’m glad the LA real estate market is coming back so strong, but like you, I would prefer to see a nicely balanced marketplace for awhile rather than quickly escalating home sales prices that are not sustainable.
I think that was a bit of an anomaly, but until more inventory comes on the market there is going to be more of it.