Santa Monica Market Update
The median price for all residential properties sold in Santa Monica last week (specifically ZIP code 90403) was $1,685,000, and had a price of $734 per sq. ft.
The median price for condos and townhomes only in the same ZIP code was $892,500, with an $878 price per sq. ft.
It’s still a sellers market out there, but we’ve noticed prices cooling a bit and properties in Santa Monicastaying on the market a little longer than in the past. That means that if you are a serious buyer, this may be a good time for you to land your dream home. If you are a seller, it’s a good reminder that things don’t always continue to go up. Call Maser Condo Sales anytime if you have questions about local real estate on the westside: (310) 314-7700.
