Sunset Park in Santa Monica still selling over asking

In analyzing the 80 homes that sold between 7/1/16 - 6/30/17 for the Sunset Park Area in Santa Monica, 57.5% sold under 30 days and above asking at 104.79%. The median sold price was $1,723,000 which is a $1,029/sf for a 3bd/2ba 1,733sf home on a 6,623 lot.

Today, there are only 9 homes available for sale in Sunset Park and 4 are currently in escrow.  With shortage of inventory and homes selling over asking, Sunset Park Real Estate is holding strong. Link to MLS 9 homes

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