A statistical real estate market recap in Santa Monica California for January 2012. Includes sales volume, average sale price, and median price for single family residences and condos.
Summary: The average and median price of Single Family Residences and Condos increased in comparison to January 2011 and December 2011. This likely indicates that property values in Santa Monica have stabilized. We will continue to monitor the area in the coming months to see if this increase in pricing is a trend in values. These figures are, however, based on a significantly lower volume of sales from the previous year which could have something to do with more stringent loan requirements from the year before or a general sense of trepidation in the marketplace.
Powered by Facebook Comments