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
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