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
$3,989,000 : 823 Wilson Place, Santa Monica4 beds, 3 full baths
$1,599,000 : 2903 DELAWARE Avenue, Santa Monica3 beds, 3 full baths
$7,795,000 : 222 20TH Street, Santa Monica6 beds, 4 full, 2 three-quarter, 2 half baths
$1,625,000 : 2270 23rd Street, Santa Monica4 beds, 2 full baths
$3,500,000 : 609 20TH Street, Santa Monica3 beds, 2 full baths
$3,795,000 : 2009 MONTANA Avenue, Santa Monica5 beds, 6 full baths
$6,000,000 : 537 GEORGINA Avenue, Santa Monica6 beds, 3 full, 1 three-quarter baths
$2,390,000 : 2243 22ND Street, Santa Monica4 beds, 3 full, 1 half baths
$4,979,000 : 457 19TH Street, Santa Monica5 beds, 5 full, 1 half baths
$1,949,000 : 2620 24TH Street, Santa Monica4 beds, 2 full, 1 three-quarter baths
$7,950,000 : 323 21st Place, Santa Monica5 beds, 8 full baths
$4,700,000 : 660 BROOKTREE Road, Santa Monica4 beds, 3 full baths
$1,099,900 : 754 Navy Street, Santa Monica2 beds, 1 full, 1 three-quarter baths
$3,995,000 : 1159 CENTINELA Avenue, Santa Monica4 beds, 3 full baths
$1,695,000 : 2102 PIER Avenue, Santa Monica2 beds, 2 full baths
See all Santa Monica Homes for Sale.
(all data current as of 3/26/2017)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Buying or Selling Los Angeles Real Estate
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