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Santa Monica Housing Report - March 2010

Santa Monica Stats

The report below is taken from the MLS and is for Santa Monica single family homes only.  It does not include condos, income property and private sales.

Overall the Santa Monica Housing Market is looking quite promising.  The number of homes sold, median price for those homes and the median price of homes sold vs list price are all up quite significantly.  Days on the market of homes sold have dropped by 19%.  Months supply of inventory remains the same, and although homes under contract are up by 18% the monthly inventory has dropped which is a continuing problem for home buyers, as fresh homes, specifically regular sale homes are difficult to find.

Santa Monica Report

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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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7 comments • Jane Peters - Los Angeles Real Estate DRE# 01439865 • April 21 2010 11:05PM

Comments

Jane - this is excellent. Some great information and easy to read and understand. Love the photo!

Jeff

Posted by Jeff Dowler ~ Carlsbad Homes for Sale ~ 760-840-1360 (Solutions Real Estate (CA DRE Lic. # 01490977)) about 2 years ago

Jeff,  thanks.  That is praise indeed.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) about 2 years ago

Hi Jane!  As Jeff said, excellent market report!  I am just now posting one to mine as well--overdue but, getting it done, right?!  Glad to see that you're seeing some promising numbers too.

Have a great Thursday...

Posted by Debe Maxwell - Search Charlotte Homes for Sale - Charlotte NC Neighborhoods (iCharlotteRealEstate.com Savvy + Company Real Estate) about 2 years ago

Debe, thank you.  And back to work for you :)  Have a great rest of the week.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) about 2 years ago

Jane,

Very nice market report!  I too am glad to hear things are looking promising... :)

Posted by LORI COFER ~ PULLMAN WA -- Realtor® ~ 509-330-0086 (Beasley Realty) about 2 years ago

Good morning Jane,

Love the colorful marketing report..looks like promising numbers which is a good thing! Your report is easy to read and I'm sure both sellers and buyers in your area will like getting some good news!

Posted by Dorie Dillard Realtor® Canyon Creek NW Austin TX homes for sale (Coldwell Banker United Realtors) about 2 years ago

Lori, we just need more inventory.

Dorie,  thank you, appreciate it.

Posted by Jane Peters - Los Angeles Real Estate DRE# 01439865 (Power Brokers Int'l) about 2 years ago

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