Quick Weekly Santa Monica Real Estate Market Update – July 29, 2011 to August 5, 2011
* Short Sales – 6
* Bank Owned/REO – 1Of the 88 active Santa Monica homes for sale, 29 had their List Price decreased, and 2 actually increased in list price.Current Pending Sales: 37
* Short Sales – 6
* Bank Owned/REO – 1
Total Sales: 7
* Short Sales – 1
* Bank Owned/REO – 0
Average Days on the Market for the 7 sold Santa Monica homes for sale was 47
* Short Sales – 16
* Bank Owned/REO – 11
Of the 154 active Santa Monica condominiums for sale, 61 had their List Price decreased, and none of them actually increased in price.
Current Pending Santa Monica Condominiums for
Sale: 45
* Short Sales – 12
* Bank Owned/REO – 2
Total Santa Monica Condominium Sales: 12
* Short Sales – 0
* Bank Owned/REO- 2
Average Days on the Market for the 12 sold Santa Monica condominiums for sale: 99
Average Selling Price versus the Average List Price of Santa Monica condominiums for sale: 91.19%
Average Selling Price was $692,792.00
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