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Santa Monica, CA COndominium Market Report! Snap Shot of the Activity!

Posted on Mar 24, 2014 by in Active Rain | 0 comments

Santa Monica, CA Condominium Market Report! Check out the Snap Shot of the Activity!

I was asked today: How is the Santa Monica, CA Condominium Market right now? Clearly it is a very interesting question. I have not done a Market Report in a while about the Santa Monica, CA Condominiums’ activity.

I have had many agents complaining that the market is too fast. I quietly had to agree. There appears to be very little inventory is the perception. So let’s eliminate perception and let us look at the facts.

As of today there were:

79 Active Condominium listings on the Market in Santa Monica, CA, now keep in mind that highest priced and listed Condominium was a Pent House Unit on Ocean Ave for $7,995,000.00.

27 Condominiums are in Backup Status waiting for the Buyers to remove their Contingencies.

42 Condominiums are Pending waiting for their Closing Date!

188 Condominiums Sold in Santa Monica in the past six months.

 

 

So with that said you tell me: how fast is the Condominium Market in Santa Monica CA? Clearly little inventory and pent up demand. If you would like more specific information by price point please reach out to me directly!

 

 

If you are considering buying or selling a luxury home, an ultra luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 or homes@endrebarath.com or visit one of my websites at http://www.endrebarath.com.  I am a pet friendly realtor and I contribute a portion of my commissions to local animal rescue organizations

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