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santa monica housing market report: Santa Monic Real Estate Market Report | 1st Quarter 2012 - 04/10/12 11:04 AM
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 … (0 comments)
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santa monica housing market report: Santa Monica Real Estate Median Home Prices - 04/02/12 02:12 PM
Santa Monica real estate was nowhere near as hard hit as other parts of Los Angeles, and certainly the rest of the country.
Single family home prices in Santa Monica have ranged from $150,000 to $11,650,000, a huge differential, but the median price is the middle ground where 50% of homes sold above that price and 50% below.
The height of the real estate market in Santa Monica in terms of median price was in the 1st Quarter of 2008, and most recently, the worst was the 4th Quarter of 2009.
The 4th Quarter of 2011 showed strong and the 1st Quarter of 2012 followed closely.
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santa monica housing market report: Santa Monica Real Estate Market Update | February 2012 - 02/08/12 04:22 PM
Let’s check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points.
As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000Active listings: 58, at a median price of $1,499,500Based on sales over the past 6 months, there is 3.55 months’ worth of inventory or absorption rate.*
For condos, there were 282 Santa Monica condos sold over the past year at a median price of $647,400Active listings: 120, at median price of $797,000Based on sales over the past 6 months, there is 4.77 … (17 comments)
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santa monica housing market report: Santa Monica Housing Market Report - 2011 - 01/04/12 04:31 PM
It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011.
Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos.
What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.
6 months worth of inventory is a balanced market. Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.
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santa monica housing market report: I Want to Live in Santa Monica. Where Should I Look? - 01/16/11 07:35 PM
Where should you live in Santa Monica? You know you want to live in Santa Monica, but in a city of 8.3 square miles, and several diverse neighborhoods, you are not sure where to look. There are several distinct areas of Santa Monica each with its own advantage and price ranges. From upscale condos on Santa Monica Beach to high end homes, and plenty of opportunities to lease in between. Living in Santa Monica offers something for everyone. The Santa Monica housing market report below covers 2010 sales and divided by zip code.
Santa Monica Zip Code Map
View Santa … (17 comments)
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Jane Peters - Los Angeles Real Estate DRE# 01439865
Los Angeles,
CA
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