Kate Bransfield

Santa Monica, CA 90403

Single-Family Homes

CalRE #01218699 - Coldwell Banker Realty



Santa Monica, CA 90403

Thu Jan 28 2021
This week the median list price for Santa Monica, CA 90403 is $3,295,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 8. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Santa Monica, CA 90403

Thu Jan 28 2021
This week the median list price for Santa Monica, CA 90403 is $3,295,000 with the market action index hovering around 34. This is about the same as last month's market action index of 34. Inventory has held steady at or around 8. 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.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Santa Monica market.
Median List Price $3,295,000
Per Square Foot $895
Days on Market 135
Price Decreased 25%
Price Increased 0%
Relisted 13%
Inventory 8
Median Rent $6,725
Most Expensive $11,900,000
Least Expensive $899,000
Market Action 34
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

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
$8,794,000 6,330 8,000 - 10,000 sqft 5 6 55 0 0 178
$4,697,000 5,506 8,000 - 10,000 sqft 5 7 30 0 0 94
$2,597,450 3,534 8,000 - 10,000 sqft 3 3 77 0 0 203
$1,624,500 1,428 8,000 - 10,000 sqft 2 2 65 0 0 63