Santa Monica Market Analysis

Real Estate Agent with Sotheby's & Knipe ERA 201232626

A few days ago we had a client ask up about the current market analysis in Santa Monica. Usually we have it up to date but with our busy schedule we hadn't had a chance to. The market analysis of a city/town is probably one of the most important things that people should know. With that we though we would share with you our cities current market trend! 

   Market Absorption Trend: Santa Monica

*Single family homes only        
How is YOUR neighborhood faring in this market?      
Market Activity in the Past- 12 Months 6 Months 3 Months  
Closed Transactions: 238 136 80  
Average Homes Sold Per Month: 19.83 22.67 26.67  
Listings  Active on MLS: 44 44 44  
Months of Supply on Market: 2.22 1.94 1.65  
Average List Price: $2,353,749 $2,372,117 $2,365,912  
Average Sales Price: $2,346,632 $2,366,312 $2,341,611  
Average Days on the Market: 56 52 57  
Average List to Sales Price:  99.70% 99.76% 98.97%  
SOLD SF DATA:        
Average square footage 2,490 2,470 2,408  
Average price per square foot  $    942.44  $    958.18  $  972.51  
There are currently 21 homes under Contract in Venice, included in data.    
  Market Absorption Analysis:      
                                                      6 Months Supply = Balanced Market  
                                             Less than 6 Months Supply is Sellers Market  
                                            More than 6 Months Supply is Buyers Market  
Please note:  Data provided by CMLS is deemed reliable but, is not guaranteed.   22-Sep-14
Active Average List Price $4,018,273 Average Price Per SF $1,106.44
Average Active Square Footage 3,727 Average Days on Market 63
UNDER CONTRACT Average List Price $2,345,475 Average Price Per SF $980.34
Average Active Square Footage 2,393 Average Days on Market 41


To see Santa Monica homes for sale click here!







Posted by

Kim And Kristine Halverson


2115 Main St

Santa Monica, CA 90405

call: 310-737-8173


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Comments (1)

John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, IN, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Great photos and info on the Santa Monica market.  Looks like homes are priced right w/the sale/list percentage.  What a great area to call home!

Sep 26, 2014 03:49 AM