The Santa Monica real estate market remains steady. All categories are a healthy sellers' market except in the the over $2M single family niche. 6 months inventory represents a balanced market.
The median price remains steady.
| Santa Monica Real Estate Market Sales Trend |
12 Month Sales | Low | Median | High | Avg DOM | % Sold vs List Price | Active Listings | |
| Single Family Under $2M |
173 | $438,000 |
$1,060,000 |
$2,000,000 |
65 |
96.03 |
66 |
|
| Single Family Over $2M |
75 | $2,0000,000 |
$2,795,000 |
$6,862,000 |
69 |
96.45 |
42 |
|
| Condos Under $2M | 379 | $131,000 |
$660,000 |
$2,000,000 |
51 |
96.87 |
184 |
|
| Condos Over $2M | 8 | $2,000,000 |
$2,510,000 |
$3,100,000 |
79 |
93.47 |
14 |
|
| 6 Month Sales | Low | Median | High | Avg DOM | %Sold vs List Price | |||
| Single Family Under $2M | 86 |
$535,000 |
$1,031,750 | $2,000,000 |
62 |
96.58 |
||
| Single Family Over $2M | 49 | $2,000,000 | $2,825,000 |
$6,862,000 |
62 |
95.47 |
||
| Condos Under $2M | 203 | $131,000 |
$618,500 |
$1,825,000 |
53 |
96.91 |
||
| Condos Over $2M | 3 | $2,075,000 |
$2,411,000 |
$2,610,000 |
33 |
97.39 |
||
| 3 Month Sales |
Low | Median | High | Avg DOM | %Sold vs List Price | Months Inventory |
||
| Single Family Under $2M | 51 | $535,000 |
$1,033,500 |
$2,000,000 |
65 |
96.18 | 3.88 |
|
| Single Family Over $2M | 28 | $2,000,000 |
$2,707,000 |
$6.862,000 |
74 |
94.16 |
3.94 |
|
| Condos Under $2M | 107 | $131,000 |
$697,000 |
$1,825,000 |
51 |
96.87 |
5.16 |
|
| Condos Over $2M | 3 | $2,075,000 |
$2,411,000 |
$2,610,000 |
33 |
97.39 |
14 |
Data provided by MLS CLAW deemed reliable, but not guaranteed.
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A nice, steady market, indeed, Jane. Glad to hear it.
Lottie, steady is always nice to hear.
Jane-- looks like the pace may be picking up a bit between the number of closed between six and three months. Let's hope it's a continuing trend!
Cece, you caught that huh :)
I wish our DOM was in the same range as yours! 90 to 120 days or more are more typical here. Maybe if we could borrow the beach and move it to Ohio the stat would go down :)
Bill, we rent the beach out for a fee.......
Jane, I've seen your lease fees... I don't think we could afford it!
Bill, we have a fire sale.