Santa Monica Market Snapshot: January 1 through June 30, 2016
91 Total Active Listings as of 6/30/2016
1.52% Absorption Rate ( June 2016 Only)
1.75% Absorption Rate ( Year to Date)
$355,000 Lowest Price
$17,800,000 Highest Price
$3,247,511 Average Price
$2,095,000 Medium Price
$1,249 Average Dollar Per Square Foot
88 Average Days on the market
2483 Average Square Feet
17,552 Average Lot Size
314 YTD Closed Listings
JUNE 2016 Numbers ONLY:
60 June Taken Listings still on market on June 30
13 June Pending Sales ( Listed in June that went pending in June)
$1,750,159 Average sold Price
21 June Backup Status ( Listed in June that went “backup” in June)
60 June Closed Sales ( Number of listings that closed in June)
$11,000,000 Highest Sold Price
$359,500 Lowest Sold Price
$982 Average Dollar per Square Foot
$1,908,478 Average Sold Price
142 Average Days on the Market
Mark Bolender 