Santa Monica Market Analysis

By
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!

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Posted by

Kim And Kristine Halverson

Compass

2115 Main St

Santa Monica, CA 90405


call: 310-737-8173
web:  www.KimAndKristine.com

 

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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