Santa Monica, Ca-90403 Lates Price, Sold Single Family Residence, Market Trends, and Data

Santa Monica, 90403 Single Family Residence Market Overview:

The median list price for properties in Santa Monica's 90403 currently stands at an impressive $5,980,000. This showcases the high-value properties available in this sought-after location, attracting discerning buyers from near and far. Although the market index is lower than the last month, Santa Monica's market has been stable in terms of sales to inventory.

Understanding Price Movements in Santa Monica, Ca 90403

Temporary Phenomenon: Recent weeks have seen a slight price decline. However, it's crucial to interpret this within the broader context. Despite the temporary dip, supply levels suggest a Seller's market, indicating that any downward pricing pressure is expected to be minimal or variable.

Below is a comprehensive overview showcasing the median list price, price per square foot, average days on the market, price decrease, price increase, and median rent price for houses in Santa Monica's 90403 area.

Analyzing the Data: Let's explore some intriguing data points that shed light on Santa Monica's real estate landscape in the 90403 zip code for Single Family Homes:

This table highlights the median price, square footage (Sq. Ft.), lot size, and average days on the market (DOM) for properties in Santa Monica's 90403 for Single Family Residences.

Exploring the Ideal Price Range for Houses in Santa Monica 90403

The real estate market in Santa Monica's 90403 area reveals a fascinating dynamic: the $3.5 million price range emerges as the sweet spot for homebuyers, ensuring faster property sales. This signifies homes are in high demand and will be sold quickly, creating an advantageous environment. Conversely, higher price points often experience longer market durations, providing buyers with negotiation opportunities to secure outstanding properties. In essence, the market favors lower price points for sellers and higher prices for buyers, enabling a mutually beneficial transaction process for both parties.

Santa Monica 90403 Market Overview for Condos

In Santa Monica, CA 90403, the median list price for this week is $1,100,000. it's important to note that the market remains in the Seller's zone, with prices adjusting accordingly. The condo market in Santa Monica's 90403 area is highly competitive, with properties staying on the market for a month or less. Notably, the most competitive price range falls between $750,000 and $985,000, with listings typically going under contract fairly quickly, often within two weeks.

This table highlights the median price, square footage (Sq. Ft.), lot size, and average days on the market (DOM) for properties in Santa Monica's 90403 for Condos

Navigating the Santa Monica 90403 Market: Whether you're a buyer or seller, it's crucial to stay informed and work with a real estate professional who understands the nuances of the Santa Monica 90403 market. As a buyer, the competitive condo market calls for prompt action within the desired price range. For sellers, being mindful of pricing strategies and leveraging market conditions can maximize your selling potential.

Below is a comprehensive overview showcasing the median list price, price per square foot, average days on the market, price decrease, price increase, and median rent price for houses in Santa Monica's 90403 area for Condos per Altos research.

Conclusion

In Santa Monica's 90403 zip code, buyers and sellers await a world of opportunities. You can confidently navigate this exciting landscape by staying informed about market trends and leveraging our expertise. Whether you're a seasoned investor or a first-time homebuyer, don't hesitate to contact our professional team at 310-422-90001.