Santa Monica, CA Single Family Market Trend Report. Most people think of Santa Monica and they associate it with a large population of Renters and Condominium dwellers. Needless to say there are some extraordinary homes as well as modest homes in Santa Monica, CA.
Now with that said let's look at the Median Sale Price Trends:
Most Realtors and Buyers are looking at the inventory very closely, since for the past three years that is where the biggest challenge we had to face and handle. The issue of Shortage of Inventory and how to help the potential buyers achieve their goal of home ownership in Santa Monica, CA:
In addition to these critical numbers we look just as closely the Median Days on Market. This truly inconjuction with the above two numbers determine what type of buying and selling strategy has to be used. This is a very interesting number to see:
As you can see 34 days is a very fast market, so buyers need to be properly motivated and ready to buy a single family home in Santa Monica, CA>
If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com. I am a Pet Friendly Realtor and I contribute a portion of my commission to local animal rescue organizations.
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