Let’s check in on the Santa Monica real estate market and see how each zip code performed compared to 2013.
90401 – this is primarily a business district so you will see little or no activity here, and the median price bears no weight.
| Sold | +/- 2012 | High/Low | +/- 2012 | Active | High/Low | Pending |
| 2 | -1 | $2.375M/$669K | -56.76% | 2 | $5.650M/$4.450M | 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 | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 95 | -6 | $3,353,500 | +11.78% | 14 | $5,237,000 | 4 |
90403 – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 31 | +3 | $2,110,000 | +6.30% | 1 | $2,147,500 | 2 |
90404 – Mid-City and Sunset Park – a combination of residential and commercial buildings.
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 13 | -3 | $908,500 | +7.51% | 2 | $1,470,000 | 3 |
90405 – Pico District and Ocean Park – also a combination of upscale residential and commercial buildings.
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 107 | +1 | $1,411,000 | +6.37% | 9 | $1,559,000 | 8 |
| 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 | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 92 | +78 | $1,675,000 | +175.72% | 26 | $2,087,500 | 6 |
The significant increase is due to the sales activity in the two new Related luxury developments, The Waverly and Seychelle.
90402
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 36 | = | $1,722,500 | +37.80% | 12 | $1,695,000 | 1 |
The increase in median for sale price is due to newer Santa Monica ocean front properties on the market.
90403
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 144 | -36 | $926,000 | +6.56% | 16 | $804,000 | 11 |
90404
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 111 | -1 | $695,000 | +7.67% | 12 | $539,500 | 8 |
90405
| Sold | +/- 2012 | Median | +/- 2012 | Active | Median | Pending |
| 106 | +13 | $774,250 | +12.00% | 9 | $799,000 | 12 |
| 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.
Santa Monica real estate continues to be have an extreme shortage of inventory.
Inventory is still extremely low with only 28 single family homes and 75 condos available for purchase. Santa Monica home sellers. With mortgage rates still at record lows and home prices high, now is as good as time as any to put your home on the market.
Previous Santa Monica real estate market reports
Homes for Sale in Santa Monica
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