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
$2,995,000 : 906 PRINCETON Street, Santa Monica3 beds, 2 full, 1 half baths
$1,395,000 : 2425 29TH Street, Santa Monica2 beds, 2 full baths
$1,275,000 : 3027 11TH Street, Santa Monica2 beds, 2 full baths
$3,495,000 : 918 YALE Street, Santa Monica5 beds, 3 full, 2 three-quarter baths
$9,250,000 : 1024 PALISADES BEACH Road, Santa Monica5 beds, 3 full, 4 three-quarter, 1 half baths
$5,495,000 : 14186 ALISAL Lane, Santa Monica5 beds, 4 full baths
$5,500,000 : 660 BROOKTREE Road, Santa Monica4 beds, 3 full baths
$1,600,000 : 1802 NAVY Street, Santa Monica3 beds, 2 full baths
$5,200,000 : 234 MARGUERITA Avenue, Santa Monica4 beds, 4 full baths
$1,249,000 : 1767 SUNSET Avenue, Santa Monica2 beds, 1 full bath
$1,699,000 : 809 OZONE Street, Santa Monica3 beds, 2 full, 1 half baths
$2,825,000 : 319 11TH Street, Santa Monica2 beds, 2 full baths
$7,100,000 : 323 ADELAIDE Drive, Santa Monica4 beds, 2 full, 2 three-quarter, 2 half baths
$6,595,000 : 920 Alta Avenue, Santa Monica6 beds, 2 full, 3 three-quarter, 2 half baths
$1,600,000 : 207 ENTRADA Drive, Santa Monica2 beds, 1 full bath
See all Santa Monica Homes for Sale.
(all data current as of 10/28/2016)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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