January Market Stats for Santa Monica real estate

by WestsideDB on February 3, 2010 · 0 comments

in Local Real Estate Statistics and Trends,Santa Monica real estate

Do numbers baffle you?  Its my job to look at numbers and make sense of the real estate market in Santa Monica.  After all, my clients depend on me for trends, analysis, and letting them know of a great deal when it becomes available (or maybe even before it comes to market).  Here are the condo and single family home stats for January 2010.  We can see that inventory is still tight and I suspect that it will start to grow in the coming months as spring is upon us.  Plenty of overpriced listings are still sitting on the market unsold as well.

Condos for sale in Santa Monica

Picture 1 January Market Stats for Santa Monica real estate

Single Family Homes for sale in Santa Monica

Picture 2 January Market Stats for Santa Monica real estate

I do love that homes sold are withing 93 to 95 percent of the original list price.  This tells us that sellers who are realistic and really want to sell their homes are doing so and in just a little over 2 months time.  And of course, there are the tired expired listings.  Which one would you rather be?  And which one would you rather buy?  Check out the stuff on the right of the page for more information.

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