Santa Monica Homes for Sale 3rd Qtr 2013 Market Report

Let’s check on on the Santa Monica real estate market. How does the Third Quarter of 2013 compare to the Second Quarter. Santa Monica zip codes differ in pricing and demographics from each other and will be reported separately. The difference is over the previous quarter.

Santa Monica single family

90401 – this is primarily a business district so you will see little or no activity here.

Sold	+/-	Median	+/-	Active	Median	Pending
0	-3	N/A	N/A	2	$42,897,000	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	+/-	Active	Median	Pending
35	+6	$3,025,000	-46.92%	31	$3,899,000	15

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

Sold	+/-	Median	+/-	Active	Median	Pending
7	+1	$1,970,000	-3.90%	3	$3,300,000	5

90404 – Mid-City and Sunset Park – a combination of residential and commercial buildings.

Sold	+/- 2011	Median	+/-	Active	Median	Pending
3	-1	$1,170,000	+39.78%	2	$719,500	4

90405 – Pico District and Ocean Park – also a combination of upscale residential and commercial buildings.

Sold	+/-	Median	+/-	Active	Median	Pending
77	-4	$1,501,000	+14.75%	7	$2,105,750	21

Santa Monica Condos

90401

Sold	+/- 2011	Median	+/- 2011	Active	Median	Pending
1	-5	$635,000	N/A	1	$750,000	1

90402

Sold	+/- 2011	Median	+/- 2011	Active	Median	Pending
8	-3	$1,464,500	-4.09%	11	$1,600,000	5

90403

Sold	+/- 2011	Median	+/- 2011	Active	Median	Pending
54	+26	$937,500	-4.58%	23	$945.000	21

90404

Sold	+/- 2011	Median	+/- 2011	Active	Median	Pending
54	+23	$925,500	+49.88%	17	$629,000	10

90405

Sold	+/- 2011	Median	+/- 2011	Active	Median	Pending
29	+5	$661,000	+29.80%	17	$699,000	15

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

For Santa Monica single family home sales were mixed, up in 90402 and 90403 and down in the rest and median prices were up in 90404 and 90405.

Santa Monica condo sales were up significantly in 90403 and 90404, up slightly in 90405 and down in the rest. The median prices were up significantly in 90404 and 90405. The rest were down or fairly flat.

There are total of 45 houses listed for sale with 146 sold over the past 6 months and 35 under contract.

There are 155 condos listed for sale with 242 sold over the past 6 months and 52 under contract.

Inventory has improved over the past three months but Santa Monica real estate remains a sellers’ market.

Santa Monica Real Estate Market 2nd Quarter 2013 in Review

Santa Monica Real Estate Market 1st Quarter 2013 Reviewed

Santa Monica Homes for Sale the Market Trend

Santa Monica Real Estate the Year in Review