Single family home sales in Santa Monica more than doubled in November 2012 compared to the previous month (from 15 to 31 homes), up 63% from the previous year. Condo sales also increased 41% from the previous month. Average sale prices fell across the board in Santa Monica with condos and single family homes. The pricing shift could certainly be related to the high volume, although October was a very slow month. Look for prices in Santa Monica to rebound in December with a nice increase.
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