How is the Santa Monica real estate market doing? Let’s compare the second quarter 2014 sales over the first.
The percentage difference is over the same period in 2014.
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 | -2 | $1,522,000** | -N/A | 1 | $7,500,000 | 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 |
| 26 | +12 | $3,515,750 | -5.04 | 27 | $3,599,000 | 15 |
90403 – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 9 | +2 | $2,050,000 | +8.58 | 7 | $3,650,000 | 6 |
90404 – Mid-City and Sunset Park – a combination of residential and commercial buildings.
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 3 | +1 | $930,000 | +4.64 | 5 | $1,295,000 | 4 |
90405 – Pico District and Ocean Park – also a combination of upscale residential and commercial buildings.
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 27 | +11 | $1,400,000 | = | 18 | $1,750,000 | 17 |
Santa Monica Condos
90401*
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 22 | +20 | $$1,725,000 | N/A | 48 | $1,950,000 | 22 |
90402
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 11 | +1 | $1,495,000 | +1.79 | 10 | $1,920,000 | 3 |
90403
| Sold | +/- 2011 | Median | % +/- | Active | Median | Pending |
| 25 | +18 | $922,000 | +5.61 | 22 | $762,000 | 15 |
90404
| Sold | +/- 2011 | Median | % +/- | Active | Median | Pending |
| 33 | +17 | $721,100 | +18.75 | 21 | $675,000 | 12 |
90405
| Sold | % +/- | Median | % +/- | Active | Median | Pending |
| 28 | +5 | $786,500 | +33.30 | 15 | $868,000 | 14 |
| Seller’s Market | Stable Market | Buyers’ Market |
| Less than 5 months inventory | 5 to 7 months inventory | More than 7 months inventory |
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
*Both the new condo developments, the Waverly and Seychelle, have started to sell their units at 1705 and 1755 Ocean Avenue which reflects the jump in sales.
Sales and median prices are up overall and Santa Monica still remains a sellers’ market.
Previous Santa Monica real estate market reports
Homes for Sale in Santa Monica
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