Kate Bransfield's Market Report

Santa Monica, CA 90403

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Current active inventory in Santa Monica, CA 90403 is very low. Keep this in mind when looking at this report.

Santa Monica, CA 90403

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90403 is $2,695,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 3. Click here to stay informed with the Santa Monica market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Santa Monica, CA 90403

Sat Jun 12 2021
This week the median list price for Santa Monica, CA 90403 is $2,695,000 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has decreased to 3. Click here to stay informed with the Santa Monica market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $2,695,000
Median Price of New Listings $0
Per Square Foot $1,022
Average Days on Market 194
Median Days on Market 119
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 3
Median Rent $7,450
Market Action 51
Strong Seller's Market

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,695,000 5,445 6,500 - 8,000 sqft 4 5 70 0 1 119
$12,995,000 7,587 4,500 - 6,500 sqft 7 9 92 0 1 7
$2,695,000 5,445 8,000 - 10,000 sqft 4 5 70 0 0 455
$1,999,000 1,955 6,500 - 8,000 sqft 2 3 21 0 0 119