Thu Jan 28 2021
This week the median list price for Santa Monica, CA 90405 is $2,500,000 with the market action index hovering around 49. This is less than last month's market action index of 50. Inventory has held steady at or around 15.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$2,500,000|
|Per Square Foot||$1,158|
|Days on Market||76|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$4,195,000||4,177||4,500 - 6,500 sqft||4||4||6||0||0||51|
|$2,996,000||3,938||6,500 - 8,000 sqft||4||4||61||0||0||152|
|$2,297,000||1,809||4,500 - 6,500 sqft||3||2||77||1||0||52|
|$1,697,000||1,222||4,500 - 6,500 sqft||2||2||70||2||0||42|