Let’s check on on Santa Monica real estate and see how 2012 sales compare to the previous year. Since each of the Santa Monica zip codes differs in pricing and demographics from the others, the numbers are broken down that way.
90401 – this is primarily a business district so you will see little or no activity here.
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
2 | +1 | $3,537,500 | N/A | 2 | $1,847,500 | 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 | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
119 | +19 | $2,775,000 | +21.34% | 12 | $3,476,450 | 4 |
90403 – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
34 | -1 | $1,605,000 | +10.69% | 5 | $1,750,000 | 3 |
90404 – Mid-City and Sunset Park – a combination of residential and commercial buildings.
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
14 | +7 | $642,500 | +12.72% | 0 | N/A | 4 |
90405 – Pico District and Ocean Park – also a combination of upscale residential and commercial buildings.
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
103 | +1 | $1,020,000 | +0.67% | 10 | $1,524,000 | 6 |
Seller’s Market | Stable Market | Buyers’ Market |
Less than 5 months inventory | 5 to 7 months inventory | More than 7 months inventory |
Santa Monica Condos
90401
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
16 | +6 | $590,000 | +10.69% | 1 | $585,000 | 1 |
90402
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
51 | +15 | $1,150,000 | +15.58% | 11 | $975,000 | 2 |
90403
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
185 | +52 | $765,000 | +3.94% | 15 | $810,000 | 4 |
90404
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
104 | +27 | $484,500 | -5.92% | 8 | $985,000 | 8 |
90405
Sold | +/- 2011 | Median | +/- 2011 | Active | Median | Pending |
114 | +8 | $664,500 | +8.27% | 10 | $682,500 | 5 |
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
Santa Monica real estate continues to be an extreme sellers’ market. In all instances except 90404 condo sales, Santa Monica real estate median prices are up. Taken overall:
Santa Monica single family median homes sales are up 13.79%
Santa Monica condo sales are up 3.85%.
Inventory is extremely low with only 29 single family homes and 55 condos available for purchase. So if you are thinking of selling your Santa Monica home, now is definitely a great time.
Homes for Sale in Santa Monica
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