Market Absorption Trend: Santa Monica

*Single family homes only
 Santa Monica Home Supply
How is YOUR neighborhood faring in this market?   
Market Activity in the Past-12 Months6 Months3 Months 
Closed Transactions:23813680 
Average Homes Sold Per Month:19.8322.6726.67 
Listings  Active on MLS:444444 
Months of Supply on Market:2.221.941.65 
Average List Price:$2,353,749$2,372,117$2,365,912 
Average Sales Price:$2,346,632$2,366,312$2,341,611 
Average Days on the Market:565257 
Average List to Sales Price: 99.70%99.76%98.97% 
Average square footage2,4902,4702,408 
Average price per square foot $    942.44 $    958.18 $  972.51
There are currently 21 homes under Contract in Santa Monica, included in data.
Market Absorption Analysis:
                                                      6 Months Supply = Balanced Market
                                             Less than 6 Months Supply is Sellers Market
                                            More than 6 Months Supply is Buyers Market
Please note:  Data provided by CMLS is deemed reliable but, is not guaranteed.22-Sep-14
Active Average List Price$4,018,273Average Price Per SF$1,106.44
Average Active Square Footage3,727Average Days on Market63
UNDER CONTRACT Average List Price$2,345,475Average Price Per SF$980.34
Average Active Square Footage2,393Average Days on Market41


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