Santa Monica (all zip codes) statistics pulled from the MLS, not from the anchor desks of Channel 4 News...sorry Paul Moyer.
Tip...If your house isn't selling in the specified average days on market, you may want to consider reducing the list price.
Look for February's Statistics Monday!
Santa Monica HOMES Jan. 2008
Avg. Sales Price versus List price: 96.0%
Average List Price: $2,769,333
Average Selling Price: $2,658,477
Avg. Days on Market: 73
Santa Monica HOMES Jan. 2007:
Avg. Sales Price versus List price: 96.5%
Average List Price: $2,085,428
Average Selling Price: $2,011,933
Days on Market: 21
Santa Monica CONDOS Jan. 2008:
Avg. Sales Price versus List Price: 93.3%
Average List Price: $1,022,590
Average Selling Price: $954,222
Avg. Days on Market: 54
Santa Monica CONDOS Jan. 2007:
Avg. Sales Price/Avg. List Price: 95.2%
Average List Price: $920,220
Average Selling Price: $875,779
Days on Market: 62
While I was not an assistant to Alan Greenspan nor did I apply for the position with the current Federal Reserve Chairman, Ben Bernanke, I feel Santa Monica’s real estate market is holding value.
Thursday, February 28, 2008
How YOU Doin'?
Welcome to the world of Blogland for Santa Monica!
I hope to have this site as a reference point for Santa Monica residents who want to hear how the housing market is truly doing. It's a great platform to get feedback from an expert...me (a realtor specializing in Santa Monica and the West Side) in conjunction with statistics, as well as real buyer and seller feedback out there.
It can become a bit discouraging for buyers and sellers when all news points to Doom's Day in Real Estate. Sellers are worried about their values and buyers believe a list price is at least $100,000 overpriced. But the doomsday news does not reflect what's going on in Santa Monica. If you're waiting for property values to drop in Santa Monica, I suggest you look elsewhere.
Plus, with the new Stimulus Package moving forward with a target date of April 1st and ending December 31st, 2008...The Buyers are a comin'! Any of you sideliners out there...take your last sips of Gatorade and suit up, it's time to play!
Don't hold back your questions, and I won't hold back my answers. At the end of the day, when the timing and financing is there, it all magically happens.
I hope to have this site as a reference point for Santa Monica residents who want to hear how the housing market is truly doing. It's a great platform to get feedback from an expert...me (a realtor specializing in Santa Monica and the West Side) in conjunction with statistics, as well as real buyer and seller feedback out there.
It can become a bit discouraging for buyers and sellers when all news points to Doom's Day in Real Estate. Sellers are worried about their values and buyers believe a list price is at least $100,000 overpriced. But the doomsday news does not reflect what's going on in Santa Monica. If you're waiting for property values to drop in Santa Monica, I suggest you look elsewhere.
Plus, with the new Stimulus Package moving forward with a target date of April 1st and ending December 31st, 2008...The Buyers are a comin'! Any of you sideliners out there...take your last sips of Gatorade and suit up, it's time to play!
Don't hold back your questions, and I won't hold back my answers. At the end of the day, when the timing and financing is there, it all magically happens.
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