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
$5,995,000 : 1255 PALISADES BEACH Road, Santa Monica3 beds, 3 full, 1 half baths
$1,575,000 : 1307 STANFORD Street, Santa Monica3 beds, 1 full, 1 three-quarter baths
$6,000,000 : 633 24TH Street, Santa Monica5 beds, 6 full, 2 three-quarter, 1 half baths
$2,225,000 : 1040 PRINCETON Street, Santa Monica3 beds, 2 full baths
$4,495,000 : 764 LATIMER Road, Santa Monica4 beds, 3 full baths
$4,985,000 : 823 Wilson Place, Santa Monica6 beds, 4 full baths
$1,995,000 : 295 AMALFI Drive, Santa Monica3 beds, 1 full, 2 three-quarter baths
$3,995,000 : 340 11TH Street, Santa Monica4 beds, 3 full, 1 half baths
$995,000 : 2953 DELAWARE Avenue, Santa Monica3 beds, 2 full baths
$4,595,000 : 215 21ST Place, Santa Monica5 beds, 3 full, 1 three-quarter, 1 half baths
$1,300,000 : 3017 URBAN Avenue, Santa Monica3 beds, 2 full baths
$6,375,000 : 835 SAN VICENTE, Santa Monica5 beds, 5 full, 1 three-quarter, 1 half baths
$1,500,000 : 2412 PIER Avenue, Santa Monica2 beds, 1 full bath
$1,749,000 : 386 ENTRADA Drive, Santa Monica2 beds, 2 full baths
$3,250,000 : 2525 31ST Street, Santa Monica4 beds, 4 full baths
See all Santa Monica Homes for Sale.
(all data current as of 1/17/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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