Quick Weekly Santa Monica Real Estate Market Update – November 11 to 18, 2011

Current Pending Sales: 37
* Short Sales – 6
* Bank Owned/REO – 2

Total Sales: 5
* Short Sales – 0
* Bank Owned/REO – 1

Average Days on the Market for the 5 sold Santa Monica homes for sale was 50

Average Selling Price versus the Average List Price of Santa Monica homes for sale was 95.41%

Average Selling Price was $1,978,700.00

View all homes for sale in Santa Monica here

Santa Monica Real Estate – Condominiums:

Active Listings: 140
* Short Sales – 17
* Bank Owned/REO – 10

Of the 140 active Santa Monica condominiums for sale, 71had their List Price decreased, and 3 of them actually increased in price.

Current Pending Santa Monica Condominiums for
Sale: 57
* Short Sales – 13
* Bank Owned/REO – 4

Total Santa Monica Condominium Sales: 3
* Short Sales – 0
* Bank Owned/REO- 0

Average Days on the Market for the 10 sold Santa Monica condominiums for sale: 72

Average Selling Price versus the Average List Price of Santa Monica condominiums for sale: 95.46%

Average Selling Price was $736,000.00

Go here now if you want to search for Santa Monica Real Estate for sale.

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