Santa Monica Half-Yearly Housing Market Report June 2012

Santa Monica, is “California’s Most Celebrated Beach City” and one of National Geographic’s “Top 10 Beach Cities in the World” with many award-winning hotels, restaurants and attractions. There are various distinct neighborhoods each with its own unique character, and varied housing affordability.  The closer to the ocean and the further north you go, the more expensive it gets. For the purposes of this Santa Monica housing market report the areas will be broken down by zip code.

Santa Monica Single Family Homes

90401 – Downtown Santa Monica

Sold Median High Low Active Pending
 2  $3,537,500 $5,825,000  $1,250,000 3 0

90402 – which includes the areas of Santa Monica Canyon, North of San Vicente,  and North of Montana and the northern part of Ocean Avenue (which includes the luxury condo buildings).

Sold Median High Low Active Pending
 56 $2,487,500 $9,400,375  $875,000 32 13

 90403  – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),

Sold Median High Low Active Pending
 16 $1,930,000 $4,550,000 $650,000  8 6

90404 – Mid-City and Sunset Park

Sold Median High Low Active Pending
 7 $580,000 $679,000 $500,000 9 3

90405 – Pico District and Ocean Park

Sold Median High Low Active Pending
 43 $935,000  $3,200,000 $600,000 21 18

Santa Monica Condos

90401

Sold Median High Low Active Pending
 9 $580,000 $821,000 $320,000  1  3

90402

Sold Median High Low Active Pending
 23 $1,160  $10,500,000 $277,000 19 6

90403

Sold Median High Low Active Pending
 90  $747,500 $1,650,000 $283,000 33 31

90404

Sold Median High Low Active Pending
 44 $494,500  $972,500 $255,000 21 23

90405

Sold Median High Low Active Pending
 39 $580,000 #,350,000 $302,500  28  28

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.

Santa Monica real estate is very much a sellers’ market.  Inventory is low, buyers are looking.  Santa Monica home sellers, now is a great time to be putting your home on the market.

Homes for Sale in Santa Monica

 

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