Santa Monica Real Estate July 2012

Checking in on the Santa Monica real estate market through July 2012

Santa Monica Real Estate Market Report 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

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