New Weakness in New Listings for Santa Monica Real Estate Market

Sales fell to 45 homes sold over the last 30 days in the Santa Monica market. Sellers can expect less competition, however, due to a nine-week downward trend in homes coming into the market, now down to 35 for the same period. The median sales price dropped to $1,299,000, down from last week's $1,445,000. Despite the slip in sales, a relatively low three months of inventory indicates that Santa Monica is a seller's market.

If a home with lots of bedrooms is what you want, then be sure to take a look at these listings in Santa Monica:

$2.9M   $1.9M   $3M  

Get started right now by checking out Santa Monica homes for sale or reviewing Santa Monica real estate trends.

Demographic facts for Santa Monica:

  • The population has increased 7.8% in the last 10 years.
  • The lifestyle rating here is 82. (Scale: 1 = Worst, 100 = Best)
  • Residents who travel to work by car account for 74.5% of all commuters, while carpools account for 4.4%, and public transit makes up 4.6%.

Data reported through 1/12/2017

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