How is the Santa Monica CA Luxury Real Estate Market?
How is the Santa Monica CA Luxury Real Estate Market?
For the past five or six months Real Estate is back in the conversation at cocktail parties and any time someone finds out that I am a Realtor they always ask me “how is the real estate market”? Followed by my questions of what part of Los Angeles? What part of the West Side of Los Angeles? After all my questions, the focus goes to the various local luxury areas. Hence someone asked me: “so how is the Santa Monica CA Luxury Real Estate?” Needless to say I am separating the Single Family Residences and I will address the Condominium market in another Blog Post.
Now with that said let us look at the activity in the Santa Monica CA Single Family Luxury RE Market!
There are 51 Active Single Family Homes on the Market in Santa Monica, CA. Of these homes the most expensive home is available for you to purchase at $31,950,000 and the least expensive home is available at $949,000.
The Homes that are accepting back up offers consist of 14 properties which is clearly a sign of activity and the Pending Homes Statistic consists of 25 homes. This is a very good sign how the confidence is back in the Santa Monica Luxury RE Market.
Needless to say the most important number is always the Closed Transactions. Well since the beginning of the year there were 113 Sold homes in Santa Monica, CA. The most expensive Sale was for $11,225,000 and conversely the least expensive sale was for $749,000. Equally interesting number to watch that this month there were 25 Sales reported already!
If you are considering buying or selling a luxury home, or an ultra luxury home, or luxury investment real estate, or 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 give me a call at 310.486.1002 or emails me at homes@endrebarath.com or visit one of my websites at https://www.endrebarath.comYour Pet Friendly Realtor. I contribute a portion of my commission to Local Animal Rescue Organizations
