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.
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