Santa Monica, Calfornia has not suffered as much as the rest of the California market. It is one of the more affluent neighborhoods in Los Angeles County.
The statistics below are taken directly from the MLS and are for single family homes. They also don't take into consideration condos, income property and private sales.
There were 18 sales in the month of December with a median price of $1,190,752. The highest priced home sold for $3,950 in "The Canyon" and the least expensive for $560,000 just east of "Ocean Park".
Sales price received versus the listing price was 93%.
Average days on the market has increased over the past few months to 76.
Below is a breakdown of last month's activity in Santa Monica Real Estate.
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Jane.....WOW....why can't I live and work in Santa Monica???
Barb, because there is little or no new construction :)
I knew you'd have the answer!!!
:)
Hi Jane, good snapshot of Santa Monica, I'm sure I would die of sticker shock there :-)
LOVE your market report, Jane! And I don't mean the actual numbers...well, yes, I do actually love those numbers...but I really, really love the way the info is presented. Great info, easy to read and understand, no superfluous details. May I copy it? Pretty please? -- Tanya in Montreal
Jane, just show me pictures...I know I can't afford any of them, so again, just beautiful pictures from your market will do.
Mary, And this is not the most expensive area:)
Tanya, what do you need a Santa Monica market report for :) And you may.
Jane, when I get around to it I will send you pickies.
I remember the pier and beach and interesting people rollerblading - what a spot!
Janice, Santa Monica is really unique and the pier can be fun. The just upgraded the Ferris Wheel. Thanks for checking in.
Jane - despite the downturn Santa Monicao prices are still pretty steep. Love that tonw but I couldn't live there,
Jeff
Jane - great information for your buyers and sellers. I love Sanata Monica, and you can see whay the prices have remained fairly high despite the downturn.
Jeff
Jeff, if you love the beach, then, if you can get into it, Santa Monica is the best. Malibu is way to isolated and if PCH shuts down that's it. You are stuck. Plus there is so much more to do in S.M. Thanks for dropping by and thanks for allowing me to "copy" your reports.