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
Santa Monica Real Estate – Market Report 2011
| Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208 |