Santa Monica Real Estate | Market Report August 2012

Let’s look in on the  Santa Monica real estate market for August 2012.

Santa Monica Homes Under $2 Million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
15 $1,325,000 $709.18 24 25 8

Santa Monica Homes $2 to $5 million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
7 $3,250,000 $935.76 31 16 12

Santa Monica Homes $5 to $10 Million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
2 $5,190,000 $750.98 5 0 2

Santa Monica Homes over $10 Million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
 0 N/A  N/A 1 0 0 **

Santa Monica Condos under $2 Million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
59 $689,900 $534.70 84 61 20

Santa Monica Condos over $2 Million

Sold Median Avg Price Per SF Active In Escrow New August Absorption
1 $3,200,000 $1,056.45 4 0 0  **

All information provided by MLS/CLAW is deemed accurate but is not guaranteed. 

Sellers’ Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory

** Not enough data

Santa Monica real estate still remains a sellers’, for homes under $5 million and for condos.

Inventory is low and if you are thinking of selling your home in Santa Monica, you are needed now.  Price your home right and it will sell quickly, and maybe over asking.

Related Posts

Santa Monica Real Estate July 2012
Santa Monica Half-Yearly Market Report June 2012
Santa Monica Housing Market Overview May 2012

 

Homes for Sale in Santa Monica


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Santa Monica Housing Market Overview May 2012
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