Quick Weekly Santa Monica Real Estate Market Update – October 21 to 28, 2011

Current Pending Sales: 31
* Short Sales – 5
* Bank Owned/REO – 2

Total Sales: 2
* Short Sales – 0
* Bank Owned/REO – 0

Average Days on the Market for the 2 sold Santa
Monica homes for sale was 25

Average Selling Price versus the Average List

Price of Santa Monica homes for sale was 99.03%

Average Selling Price was $3,179,000.00

View all homes for sale in Santa Monica here

Santa Monica Real Estate – Condominiums:

Active Listings: 142
* Short Sales – 17
* Bank Owned/REO – 11

Of the 142 active Santa Monica condominiums for sale, 53 had their List Price decreased, and 2 of them actually increased in price.

Current Pending Santa Monica Condominiums for
Sale: 57
* Short Sales – 15
* Bank Owned/REO – 4

Total Santa Monica Condominium Sales: 10
* Short Sales – 2
* Bank Owned/REO- 0

Average Days on the Market for the 10 sold Santa Monica condominiums for sale: 52

Average Selling Price versus the Average List Price of

Santa Monica condominiums for sale: 97.29%

Average Selling Price was $628,600.00

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

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