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Santa Monica Real Estate Market Report 2018

Posted by Jane Peters on February 11, 2019
| 0

How did the Santa Monica real estate market do in 2018 compared with the previous year.  Let’s take a look.

Please note that the stats below run from January 2018 thru January 2019.

Santa Monica real estate market report Sept. 2018
 


The number of single family homes sold in in 2018 was down 17% over 2017.  The number of condos was down 6%.

 

The median price for single family homes rose 14% and 3% for condos over the previous year.

 


The average sales price of houses compared with the list price dropped 2% compared with 2017 and dropped almost 1% for condos.

 

The average number of days that homes sat on the market stayed around the same.

Less than 5 months = sellers’ market | 5 to 7 months = stable market | Over 7 months = buyers’ market

Single family homes have moved into a stable market. The same time last year it heavily favored sellers. Condos stay around the same – a strong sellers’ market.

The information provided by the MLS/CLAW and 1oK Research deemed reliable but not guaranteed

It will be interesting see what 2019 brings.

 

More Santa Monica market reports

Other neighborhood market reports

 

 

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