Kate Bransfield's Market Report

Santa Monica, CA 90405

Single-Family Homes

CalRE #01218699 | Coldwell Banker Realty | 310.395.1133



Santa Monica, CA 90405

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90405 is $2,500,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has increased to 19. 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

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 90405

Wed Sep 22 2021
This week the median list price for Santa Monica, CA 90405 is $2,500,000 with the market action index hovering around 53. This is about the same as last month's market action index of 53. Inventory has increased to 19. 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

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 $2,500,000
Median Price of New Listings $2,500,000
Per Square Foot $1,262
Average Days on Market 55
Median Days on Market 42
Price Decreased 32%
Price Increased 0%
Relisted 5%
Inventory 19
Median Rent $7,950
Market Action 53
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$4,745,000 2,565 4,500 - 6,500 sqft 3 3 77 0 0 108
$2,950,000 1,742 4,500 - 6,500 sqft 4 3 99 3 0 35
$2,395,000 1,872 6,500 - 8,000 sqft 4 3 81 2 2 14
$1,495,000 1,319 4,500 - 6,500 sqft 3 1 70 2 1 56