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 |
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| *Single family homes only | |||||
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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!
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