Property prices for sale in Santa Monica (California)

The prices in real estate in Santa Monica, in the California region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city

$2,793,165.33
Average price last 6 months
$1,183.83
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Santa Monica has fallen in the last 6 months. In September, the average price per sq.feet was $1,276. In the following month the price per sq.feet decreased considerably to $1,058. In the following two months the price per sq.feet has barely changed, going from $1,167 to $1,150 per sq.feet. The price per sq.feet has increased 107 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,158.5 to $1,234.5 during January, and February.

Average price

Based upon to the price in Santa Monica (cities), this has fallen considerably in the last 6 months. The average price for September is $3,291,854. During October the price had a slight fall till $2,919,995. During the following two months (November, December) the average price fell 91 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $2,970,461.5 to $2,438,573, which means a 82 % fall.

Average price per bedrooms

The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,667,256 they are 62 % more affordable than the average price for Santa Monica. The properties with the highest average price have 4 bedrooms, Their price is 26 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,454,471.

With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $1,179 / sq.feet, with an average $1,306 / sq.feet price in Santa Monica. The properties with the highest average prices have 2 bedrooms. They are 2 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,267 / sq.feet.

Price per property type

The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $2,667,256 it is 89 % cheaper than the average price in Santa Monica. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $2,796,343 it is 65 % more expensive than the average price.

According to the average cost per sq.feet, the cheapest property type is "Apartment" at an average cost of $319 / sq.feet followed by "Townhouse" priced at $1,158 / sq.feet. "Land" is the most costly type of property with a $1,833 / sq.feet cost followed by "House" with an average price of $1,336 / sq.feet.

Charts data
Average price February
Average price per sq.feet February
Number of properties used in Santa Monica
Number of properties used in region California
$2,667,256
$1,306
3,714
1,254,498
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value