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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$6,646,500|
|Per Square Foot||$1,435|
|Days on Market||152|
|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.
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|