Santa Monica Real Estate Market Report 3rd Qtr 2012

It’s time to check in on Santa Monica real estate.  How is the market doing?  Is it still a sellers’ market and is the median price rising?  Let’s take a look.

Santa Monica Single Family Homes

90401 – Downtown Santa Monica

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 2 +1  $3,537,500 N/A 5 0 Buyers

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 Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 88 22 $2,723,500  13.70% 22 13 Sellers

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

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 24 -7 $1,646,000 13.52%  7 6 Sellers

90404 – Mid-City and Sunset Park

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 11 5 $615,000 2.93%  4 2 Sellers

90405 – Pico District and Ocean Park

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 73 -13 $1,000,000 0.81%  16 18 Sellers

Santa Monica Condos

90401

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
11 3 $580,000 15.65% 3 2 Sellers

90402

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
33  4  $1,100,000  10%  19  7 Sellers

90403

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
146  45  $789,500  7.27%  30 15  Sellers

90404

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 79 19 $479,000 -4.39%  12 18  Sellers

90405

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 83 10 $685,000 10.04% 20 19  Sellers

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
With the exception of single family homes in the Downtown area, Santa Monica real estate continues to be a sellers’ market.

The median price is up overall, as are the number of homes sold.

Santa Monica homes sellers, now would be a great time to put your homes on the market.

Homes for Sale in Santa Monica

 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top