Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90402 is $5,687,500 with the market action index hovering around 39. This is less than last month's market action index of 42. Inventory has decreased to 37.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$5,687,500|
|Median Price of New Listings||$7,350,000|
|Per Square Foot||$1,501|
|Average Days on Market||122|
|Median Days on Market||63|
|Slight Seller's Advantage|
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. Watch the Market Action Index for any signs of demand increasing.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$15,000,000||8,124||0.25 - 0.5 acre||6||8||15||2||1||77|
|$7,350,000||4,988||6,500 - 8,000 sqft||5||7||32||1||0||49|
|$4,500,000||3,380||6,500 - 8,000 sqft||4||4||86||1||1||70|
|$2,574,500||1,414||0.25 - 0.5 acre||2||2||59||1||1||77|