Market Report
Santa Monica, CA 90401
Condos/Townhomes
Chartwell Escrow
Santa Monica, CA 90401
Wed Jul 06 2022
This week the median list price for Santa Monica, CA 90401 is $1,995,000 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 9.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.
Real-Time Market Profile
| Median List Price | $1,995,000 | |
| Median Price of New Listings | $0 | |
| Per Square Foot | $1,352 | |
| Average Days on Market | 83 | |
| Median Days on Market | 42 | |
| Price Decreased | 44% | |
| Price Increased | 0% | |
| Relisted | 11% | |
| Inventory | 9 | |
| Median Rent | ||
| Market Action | 40 | |
| Slight Seller's Advantage | ||
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.
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 |
|---|---|---|---|---|---|---|---|---|
| $3,624,500 | 1,807 | - | 2 | 3 | NaN | 0 | 0 | 42 |
| $2,545,000 | 1,552 | - | 2 | 2.5 | NaN | 0 | 0 | 77 |
| $1,745,000 | 1,153 | - | 1 | 1.5 | NaN | 0 | 1 | 94 |
| $1,099,000 | 972 | 0.25 - 0.5 acre | 1 | 1 | 52 | 0 | 1 | 42 |