| Neighborhood | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Pico | $607,500 | +57.0% | $422,500 | $387,000 | $465,250 | Santa Monica | $825,000 | +4.4% | $825,236 | $790,500 | $729,227 |
The median sales price for homes in Pico for Sep 09 to Nov 09 was $607,500. This represents an increase of 43.8%, or $185,000, compared to the prior quarter and an increase of 57% compared to the prior year. Sales prices have appreciated 30.6% over the last 5 years in Pico, Santa Monica.
The median sales price of $607,500 for Pico is 26.36% lower than the median sales price for Santa Monica CA. Average listing price for homes on Trulia in Pico was $824,067 for the week ending Dec 23, which represents a decline of 1.7%, or $14,359 compared to the prior week and a decline of 1.4%, or $11,613, compared to the week ending Dec 02. Average price per square foot for homes in Pico was $438 in the most recent quarter, which is 27.84% lower than the average price per square foot for homes in Santa Monica.
| Neighborhood | Week ending Dec 23 | w-o-w | Week ending Dec 16 | Week ending Dec 9 | Week ending Dec 2 |
|---|---|---|---|---|---|
| Pico | $824,067 | -1.7% | $838,426 | $860,120 | $835,680 | Santa Monica | $1,375,520 | +2.2% | $1,346,324 | $1,348,335 | $1,393,864 |
| Neighborhood | Sep - Nov '09 | y-o-y | 3 months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| Pico | $438 | -13.8% | $692 | $508 | $558 | Santa Monica | $607 | -15.6% | $687 | $719 | $622 |
| Neighborhoods | Week ending Dec 23 |
w-o-w | Week ending Dec 16 |
Week ending Dec 9 |
|---|---|---|---|---|
| Wilshire Montana | 1 | — | 1 | 1 |
| North of Montana | 2 | +1 | 3 | 2 |
| Ocean Park | 3 | -1 | 2 | 3 |
| Mid-City | 4 | — | 4 | 4 |
| Sunpark | 5 | +1 | 6 | 5 |
| Pico | 6 | -1 | 5 | 6 |
Market Trends
Fair Housing and Equal Opportunity
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Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.
Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.
Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown. |
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