Santa Monica DATA*
Mar 2013
6 month
3 month
Mar 2014
% change
Median Price ..........................................................
$1,610,625
$2,187,500
$1,510,000
$2,312,500
43.6%
Average Price per Square Foot ...........................
$1,109
$955
$923
$972
-12.4%
Properties Sold .......................................................
12
16
21
14
16.7%
Properties Pending Sale .......................................
20
24
11
17
-15.0%
Properties For Sale ................................................
77
99
63
74
-3.9%
Days on Market (Pending Sale) ...........................
53
34
58
37
-30.2%
Month’s Supply of Inventory ................................
6.4
6.2
3
5.3
-17.6%
Percent Under Contract ........................................
26.0%
24.2%
17.5%
23.0%
-11.6%
Average Median Price for Last 12 Months ........
$1,865,000
$1,842,875
$1,898,833
$1,972,990
5.5%
*Information obtained from Broker Metrics, The MLS and Foreclosure Radar for all areas in Los Angeles Mirco Market Report. Statistics are subject to change due to individual real estate company reporting disciplines.
current market snapshot MAR
$1.610
APR
$2,312,500
MAY JUN
MEDIAN SALES PRICE
JUL
$972
AUG SEP
AVERAGE PRICE PER SQ FT
OCT NOV DEC
5.3 MONTH’S SUPPLY OF INVENTORY
JAN FEB MAR
$2.312 M E D I A N S A L E S P R I C E ( $ 1 0 0 , 0 0 0 ’s )
Micro Market Report : March 2014
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