The Santa Monica, CA Condominium Market Trends Report is published...
Needless to say you always see me write Market Trends Reports and my lamenting that inventory is virtually nonexistent. Well I have a little good news to share here. Well see for yourself:
I was thrilled to see that inventory has increased a bit. Clearly without having to peak ahead I am starting to feel good about this. So with that said let us look at the Pending Sales:
Well compared to last year it is better. Let's be realistic it will take probably 45 days for these numbers to increase. Never the less it is heading in the right direction.
Now just because inventory has increased based on what I have been seeing in the number of buyers looking for Condominiums in Santa Monica I do not expect that the Days on Market have increased. So let's see:
Interestingly the days on market have shortened. This is a clear indication that there are more buyers out there who want to purchase a Condominium in Santa Monica, CA, hence it remains a very strong seller's market.
Generally you always see me post the median or average Sales Prices and you are always amazed at our numbers. This time I thougth I do something different. Let us look at the total Dollar Volume for this period:
As you can see these numbers are quite amazing....
Now if you are good with math you can figure out what our average sales price is in Santa Monica California.
If you are looking for a Local Realtor who loves to list and sell in Santa Monica, CA please reach out to me directly!
If you are looking for a focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly!
If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! 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 at 310.486.1002 (m) or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com. I contribute a portion of my commission to local animal rescue organizations.
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