The statistics below cover single family home sales for February 2010 in Santa Monica, California. They are taken direclty from the MLS and do not include condos, income property and private sales.
There were 11 homes sold in February, down from 14 in January and up from 5 in February '09.
The highest priced home was $2,298,000 and the lowest $665,000.
The average selling price was $1,139,681, down from $1,713,221 in January, and $2,107,00 in February '09.
The percentage sales price vs. list price was 94.3%, up from 93.4% in January and down from 96.4% in February '09.
Average days on the market was 74, the same as in January (75) and up from 48 in January.
The Sanat Monica market has slipped somewhat in February. We look forward to March figures to determine the trend.
Jane Peters, connecting you to the L.A. real estate scene
Buying or selling real estate in Los Angeles can be an overwhelming process. Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.
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Jane I was looking through your stats and we are in totally different worlds. Your very first property listed was for over $1 million for Berkeley St. I just closed on a home on Berkely Rd for just over $45,000.
You surely don't drive around all parts of LA county do you showing homes? How does one efficiently work such a large market area like LA?
Jane, your statistics are an excellent reason why sellers and buyers need to seek your services and representation.
What a price range !?!? I wonder what those $600 + $700k range homes are like ???
Nice facts again this month ...and thanks for the reminder I must get mine done tomorrow :o)
How many homes are listed in Santa Monica? Interesting stats - one sale in Santa Monica would equate to four sales in my market.
Good morning Jane,
Wow great report and Jim is right..your stastics are a good reason why sellers and buyers need to use your services and representation!
Jane - Know I know why people are so happy in Santa Monica. Money isn't everything but it helps
Talk about different markets... it is so true that real estate is LOCAL..
Dorie, thank you very much.
Claude, most certainly.
Judi, isn't it just :)
Hi Jane, Great Santa Monica real Estate report. Hopefully the trend will not continue.
Rich, we will see in the next couple of months.