Let’s compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year.
The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only.
Number Sold: 52, a 5.45% decrease over the same period in 2011.
Median Price: $1,545,000, a 14.44% increase over the same period in 2011.
There are 64 active listings and with an average sale of 17.33 homes per month over the past 3 months, this means that there is an absorption rate of 3.69. In other words, it will take 3.69 months to sell the existing inventory based on the average monthly sales.
A balanced market is 6 months. Anything less trends towards a sellers’ market.
Santa Monica home sellers are in an excellent position to find buyers for their homes, especially if priced right.
Search homes for sale in Santa Monica
$1,899,000 : 1840 17th Street, Santa Monica3 beds, 1 full bath
$3,390,000 : 438 11TH Street, Santa Monica3 beds, 3 full baths
$4,995,000 : 459 22ND Street, Santa Monica5 beds, 4 full, 1 half baths
$6,395,000 : 920 Alta Avenue, Santa Monica6 beds, 2 full, 3 three-quarter, 2 half baths
$1,399,000 : 3344 DELAWARE Avenue, Santa Monica4 beds, 2 full baths
$3,295,000 : 235 15TH Street, Santa Monica2 beds, 1 full, 1 three-quarter baths
$6,195,000 : 323 ADELAIDE Drive, Santa Monica4 beds, 2 full, 2 three-quarter, 2 half baths
$5,699,000 : 209 EUCLID Street, Santa Monica5 beds, 5 full, 2 half baths
$2,400,000 : 1438 12TH Street, Santa Monica4 beds, 3 full baths
$5,757,750 : 26 ARCADIA Terrace, Santa Monica6 beds, 5 full, 1 half baths
$1,995,000 : 2335 31ST Street, Santa Monica4 beds, 3 full baths
$2,295,000 : 2216 HILL Street, Santa Monica3 beds, 2 full baths
$3,850,000 : 2215 DEWEY Street, Santa Monica5 beds, 4 full, 1 half baths
$3,750,000 : 905 BERKELEY Street, Santa Monica4 beds, 3 full, 1 half baths
$1,899,900 : 614 Washington Avenue, Santa Monica3 beds, 2 full baths
See all Santa Monica Homes for Sale.
(all data current as of 4/23/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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