Santa Monica Real Estate Update By Zip Code

Let’s check out the Santa Monica real estate market so far this year.  It is easier to break Santa Monica down into zip codes for price points.

As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000
Active listings:  58, at a median price of $1,499,500
Based on sales over the past 6 months, there is 3.55 months’ worth of inventory or absorption rate.*

For condos, there were 282 Santa Monica condos sold over the past year at a median price of $647,400
Active listings:  120, at median price of  $797,000
Based on sales over the past 6 months,  there is 4.77 months’ worth of inventory or absorption rate.*

This is how the above numbers break down by Santa Monica zip code:

90401

Single Family:
Sold:  2  – median price $1,875,000

Condos:
Sold:  9 – median price $531,000
Active Listings: 2 – median price $447,000
Absorption rate:  2.99 months

 

90402

Single family:
Sold: 86 – median price $2,352,500
Active listings:  23 – median price $3,145,000
Absorption rate:  3.21 months

Condos:
Sold:  16 – median price $1,025,000
Active listings:  23 – median price $1,250,000
Absorption rate:  8.61 months

 

90403

Single family:
Sold:  36 – median price $1,440,000
Active listings:  7 – median price $1,450,000
Absorption rate:  3.5 months

Condos:

Sold:  124 – median price $750,059
Active listings:  44 – median price $797,000
Absorption rate:  4.89 months

 

90404

Single family:
Sold:  8 – median price $595,500
Active listings:  7 – median price $899,000
Absorption rate:  21.21

Condos:
Sold:  72 – median price $505,000
Active listings:  20 – median price $489,000
Absorption rate:  3.87 months

 

90405

Single family:
Sold:  93 – median price $1,016,500
Active listings:  24 – median price $1,313,500
Absorption rate:  3.79 months

Condos:
Sold:  94 – median price $611,250
Active listings:  31 – median price $779,000
Absorption rate:  4.04 months

Previous Santa Monica Housing Market Reports

Santa Monica Real Estate – Market Report 2011

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