Checking in on the Santa Monica real estate market through July 2012
Santa Monica Homes Under $2 Million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 90 | $1,200,000 | $668.14 | 13 | 20 | 13 | 4 |
Santa Monica Homes $2 to $5 million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 49 | $2,875,000 | $831.81 | 7 | 30 | 12 | 9 |
Santa Monica Homes $5 to $10 Million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 5 | $7,400,000 | $897.00 | 0 | 7 | 2 | 1 |
Santa Monica Homes over $10 Million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 1 | $11,100,000 | N/A | 1 | 1 | 0 | 1 | ** |
Santa Monica Condos under $2 Million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 226 | $661,750 | $556.80 | 40 | 96 | 74 | 33 |
Santa Monica Condos over $2 Million
| Sold | Median | Avg Price Per SF | Sold July | Active | In Escrow | New July | Absorption |
| 10 | $2,291,000 | $1,118.59 | 0 | 3 | 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 real estate continues to be a great one for sellers, for homes under $5 million and for condos. The problem, as with many other areas, is that there is little inventory.
If you are thinking of selling your home in Santa Monica, you are needed now. Price your home right and it will sell quickly, and maybe over asking.
Homes for Sale in Santa Monica
Recent Related Posts
Santa Monica Housing Market Overview May 2012
Santa Monica Half Yearly Housing Market Report June 2012
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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- Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
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For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.
