Property prices for sale in Santa Monica (California)
The prices in real estate in Santa Monica, in the California region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Santa Monica has increased during the last 6 months. In October, the average price per sq.feet was $1,058. In the following month the price per sq.feet increased to $1,165. In the following two months the price per sq.feet has barely changed, going from $1,111.5 to $1,149 per sq.feet. The price per sq.feet has increased 110 % 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 $1,130.25 to $1,246.5 during February, and March.
Based upon to the price in Santa Monica (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is $2,919,995. In November This price remains at $2,825,742. During the following two months (December, January) the average price fell 88 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $2,699,970.5 to $2,532,860 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $2,398,464 they are 51 % more affordable than the average price for Santa Monica. The properties with the highest average price have 4 bedrooms, Their price is 69 % more costly than the average. After that we have properties with 3 bedrooms priced at $2,591,970.
With regard to the average price per sq.feet , those properties with 1 bedroom are the most costly ones at a cost of $1,241 / sq.feet, with an average $1,187 / sq.feet price in Santa Monica. The properties with the highest average prices have 4 bedrooms. They are 29 % more expensive than the average followed by properties with 2 bedrooms with a price at $1,399 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $2,398,464 it is 28 % cheaper than the average price in Santa Monica. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Detached House". At a price of $2,793,546 it is 62 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $1,056 / sq.feet followed by "Detached House" priced at $1,185 / sq.feet. "Apartment" is the most costly type of property with a $12,626 / sq.feet cost followed by "Land" with an average price of $1,831 / sq.feet.
