House for Sale Santa Monica – A Look at the Santa Monica Real Estate Market

by WestsideDB on November 3, 2010 · 0 comments

in Santa Monica home prices,Santa Monica real estate

New Avatar House for Sale Santa Monica   A Look at the Santa Monica Real Estate Market

WestsideDB

Are you looking for a Los Angeles Condominium for sale?  If you are looking in Santa Monica, check out this data I just compiled for the month of October 2010.  I like to look at the sales of homes and condos on a monthly basis to trend what’s happening in the marketplace.  I was pleasantly surprised at what I saw.  Check out my video for more info.

Basically, Santa Monica single family homes for sale are selling slower than the previous month.  Absorption rate went up to 2.75 (against my earlier prediction) and condos plummeted to .5!  What does this mean to you?  If you are selling a condo in Santa Monica, and you price it to sell, last month the market was on fire and inventory was moving.  Selling a Santa Monica home?  It actually took a little longer based on absorption rate statistics for the home to sell.

Regardless, in this market, pricing a home properly is the key to success.  Let me know if you have any questions about Santa Monica and the real estate here.  I’ll see you in the neighborhood.

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