Quick Weekly Santa Monica Real Estate Market Update – October 28 to November 3, 2011

Santa Monica Real Estate – Single Family Homes:

Active Listings: 83
* Short Sales – 3
* Bank Owned/REO – 2

Of the 87 active Santa Monica homes for sale, 25 had their List Price decreased, and 2 of them actually increased in list price.

Current Pending Sales: 36
* Short Sales – 6
* Bank Owned/REO – 3

Total Sales: 3
* Short Sales – 1
* Bank Owned/REO – 0

Average Days on the Market for the 3 sold Santa Monica homes for sale was 68

Average Selling Price versus the Average List Price of Santa Monica homes for sale was 96.66%

Average Selling Price was $2,633,333.00

View all homes for sale in Santa Monica here

Santa Monica Real Estate – Condominiums:

Active Listings: 145
* Short Sales – 17                     
* Bank Owned/REO – 10

Of the 145 active Santa Monica condominiums for sale, 57 had their List Price decreased, and 2 of them actually increased in price.

Current Pending Santa Monica Condominiums for Sale: 59
* Short Sales – 14
* Bank Owned/REO – 5

Total Santa Monica Condominium Sales: 4
* Short Sales – 2
* Bank Owned/REO- 0

Average Days on the Market for the 4 sold Santa Monica condominiums for sale: 70

Average Selling Price versus the Average List Price of Santa Monica condominiums for sale: 94.28%

Average Selling Price was $736,600.00

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

Thinking about selling your Santa Monica or Westside Los Angeles real estate?

Santa Monica Condos

Article was originally posted at my website.