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
$1,599,000 : 2229 Cloverfield, Santa Monica3 beds, 1 full, 1 part baths
$2,595,000 : 903 18th Street, Santa Monica3 beds, 2 full baths
$11,500,000 : 415 7th Street, Santa Monica7 beds, 7 full, 3 part baths
$1,900,000 : 1755 Ocean Avenue, Unit 608, Santa Monica1 bed, 1 full bath
$7,950,000 : 835 San Vicente Boulevard, Santa Monica5 beds, 5 full, 2 part baths
$2,995,000 : 420 Mesa Road, Santa Monica6 beds, 2 full, 2 part baths
$2,895,000 : 433 9th Street, Santa Monica3 beds, 2 full baths
$5,650,000 : 556 Dryad Road, Santa Monica4 beds, 5 full baths
$3,995,000 : 1401 Georgina Avenue, Santa Monica5 beds, 5 full, 1 part baths
$3,385,000 : 2211 Dewey Street, Santa Monica5 beds, 5 full baths
$4,200,000 : 218 Alta Avenue, Santa Monica3 beds, 2 full baths
$1,699,000 : 1725 Michigan Avenue, Santa Monica3 beds, 2 full, 1 part baths
$5,600,000 : 416 18th Street, Santa Monica5 beds, 5 full baths
$3,289,000 : 2432 32nd Street, Santa Monica5 beds, 3 full, 1 part baths
$8,650,000 : 333 Adelaide Drive, Santa Monica4 beds, 5 full, 2 part baths
See all Santa Monica Homes for Sale.
(all data current as of 11/27/2015)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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