Let’s check out the Santa Monica housing market so far this year.
Santa Monica Homes Under $2 Million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 63 | $1,200,000 | $659.01 | 11 | 36 | 29 | 9 |
Santa Monica Homes $2 to $5 million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 31 | $2,717,000 | $847.37 | 8 | 35 | 14 | 11 |
Santa Monica Homes $5 to $10 Million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 5 | $7,400,000 | $897.00 | 2 | 5 | 2 | 1 |
Santa Monica Homes for sale over $10 Million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 0 | 1 | 1 | 0 | ** |
Santa Monica Condos under $2 Million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 155 | $650,000 | $563.50 | 33 | 94 | 97 | 36 |
Santa Monica Condos over $2 Million
| Sold | Median | Avg Price Per SF | Sold May | Active | In Escrow | New May | Absorption |
| 9 | $2,300,000 | $1,170.71 | 5 | 6 | 0 | 0 |
All information provided by MLS/CLAW is deemed accurate but is not guaranteed. Also some listings shown as new may simply be back on the market.
| Sellers’ Market | Buyers’ Market | Stable Market |
| Less than 6 months inventory | More than 6 months inventory |
** Not enough data
Santa Monica shows a healthy market for sellers. Buyers are out there with little new inventory. So, Santa Monica home sellers now would be a great time to put your homes on the market if you have any thoughts of selling.
Homes for Sale in Santa Monica
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
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