Kate Bransfield
Santa Monica, CA 90402
Single-Family Homes
CalRE #01218699 - Coldwell Banker Realty
Santa Monica, CA 90402
Thu Jan 28 2021
This week the median list price for Santa Monica, CA 90402 is $6,646,500 with the market action index hovering around 31. This is an increase over last month's market action index of 30. Inventory has held steady at or around 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.
Real-Time Market Profile
| Median List Price | $6,646,500 | |
| Per Square Foot | $1,435 | |
| Days on Market | 152 | |
| Price Decreased | 22% | |
| Price Increased | 0% | |
| Relisted | 6% | |
| Inventory | 32 | |
| Median Rent | $17,000 | |
| Most Expensive | $18,500,000 | |
| Least Expensive | $959,000 | |
| Market Action | 31 | |
| Slight Seller's Advantage | ||
Price trends in this zip code continued their recent uptrend this week. While still below the market’s high point, we may be seeing the start of a good price stretch here. We’ll look at the Market Action Index later in the report to gauge the leading indicators.
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 |
|---|---|---|---|---|---|---|---|---|
| $12,425,000 | 6,117 | 0.25 - 0.5 acre | 5 | 6 | 98 | 1 | 0 | 163 |
| $7,392,000 | 6,145 | 8,000 - 10,000 sqft | 5 | 7 | 35 | 1 | 1 | 98 |
| $4,447,000 | 3,364 | 6,500 - 8,000 sqft | 3 | 4 | 45 | 2 | 2 | 95 |
| $2,425,000 | 1,208 | 8,000 - 10,000 sqft | 2 | 2 | 71 | 1 | 1 | 251 |