Santa Monica Real Estate 2016 Market Report

Let’s take a look at the Santa Monica real estate market. How did 2016 stack up compared with the previous year?

With five zip codes in Santa Monica it makes sense to break it down by each one, and also by property type.

90401

Condos (Downtown Santa Monica has very few single family homes)

Sold:  36 – a drop of 44 over 2015.
Median price: $1,800,000 = 2015.
Average days on market: 70 – a drop of 35 days.
Sold vs list price: 98.54% under 30 days. 92.86% over 120 days

90402

Single Family

Sold: 80 – a drop of 11 over 2015.
Median price: $3,778,667 – an increase of 6.44%.
Average days on the market: 58 – an increase of 15.
Sold vs list price: 100.54% under 30 days. 95.79% over 120 days.

Condos

Sold: 37 – 5 more than 2015.
Median price: $1,450,000 – 9.51% increase.
Average days on market: 72 – drop of 15 days over 2015.
Sold vs list price: 102.81% under 30 days. 94.95% over 120 days

90403

Single Family

Sold: 27 – an increase of 6 over 2015.
Median price: $2,800,000 – 21.08% increase.
Average days on market: 37  – basically the same.
Sold vs list price: 103.89% under 30 days. 97.11% over 120 days

Condos

Sold: 143 – a drop of 29 over 2015.
Median price: $1,200,000 – an increase of 11.63%.
Average days on market: 51 – an increase of 15 days.
Sold vs list price: 103.83% under 30 days. 96.11% over 120 days

90404

Single Family

Sold: 17 – 3 more than in 2015.
Median price: $1,200,000 – an increase of 8.99%.
Average days on the market: 50 – an increase of 3 days.
Sold vs list price: 104.57% under 30 days. (There do not appear to be any homes that stayed on the market over 120 days!).

Condos

Sold: 107 – 2 more than 2015.
Median price: $805,000 – an increase of 7.33%.
Average days on the market: 46 – a drop of 5 days.
Sold vs list price: 104.19% under 30 days. 101.67% over 120 days.

90405

Single Family

Sold: 105 – 2 less than 2015.
Median price: $1,750,000 – an increase of 3.24%.
Average days on the market: 46 an increase of 2 days.
Sold vs list price: 101.73% under 30 days. 98.10% over 120 days.

Condos

Sold: 86 – a drop of 17 over 2015.
Median price: $913,000 – an increase of 10%.
Average days on the market: 39 – basically the same.
Sold vs list price: 102.83 under 30 days. 89.70% over 120 days.

The Information provided by the MLS/CLAW deemed reliable but not guaranteed

Santa Monica real estate continues to have a shortage of inventory. The median price continues to rise at a steady rate. But the fact remains the same. Homes which are overpriced tend to sit on the market longer and ultimately end up selling for less than they would have if priced correctly.

Homes for sale in Santa Monica

MLS® #: 25497697
  • 607 Siena Way
  • Bel Air CA
  • $177,000,000
  • 8 Beds | 25 Baths | 35,000 SqFt
  • 1 Acres
MLS® #: 24-449959
  • 1261 Angelo Dr
  • Beverly Hills CA
  • $175,000,000
  • 16 Beds | 27 Baths | 50,000 SqFt
  • 6 Acres
MLS® #: 25516441
MLS® #: 23-231909
MLS® #: 23-321859
  • 9505 Gloaming
  • Beverly Hills CA
  • $126,000,000
  • 8 Beds | 20 Baths | 30,610 SqFt
  • 2 Acres
MLS® #: 25511979
  • 10936 Chalon Rd
  • Los Angeles CA
  • $120,000,000
  • 9 Beds | 13 Baths | 14,941 SqFt
  • 1 Acres
MLS® #: 25497825
  • 729 Bel Air Rd
  • Los Angeles CA
  • $120,000,000
  • 9 Beds | 20 Baths | 18,784 SqFt
  • 3 Acres
MLS® #: 25557071
MLS® #: 25555899
  • 9904 Kip DR
  • BEVERLY HILLS CA
  • $79,000,000
  • 1 Beds | 22 Baths | 24,757 SqFt
  • 19 Acres
MLS® #: 25-482497
MLS® #: 25556835
MLS® #: 24-386085
  • 107 Delfern Dr
  • Los Angeles CA
  • $65,000,000
  • 1 Beds | 19 Baths | 21,000 SqFt
  • 1 Acres
MLS® #: 24-440479
MLS® #: 25494997
MLS® #: 24-437007
MLS® #: 25536281
  • 1101 Bel Air Pl
  • Los Angeles CA
  • $59,995,000
  • 5 Beds | 17 Baths | 24,920 SqFt
  • 2 Acres
MLS® #: 24-463937
MLS® #: 25-483555
  • 616 N Beverly Dr
  • Beverly Hills CA
  • $59,500,000
  • 7 Beds | 14 Baths | 20,520 SqFt
  • 0 Acres
MLS® #: 25561595
  • 12833 Chalon Rd
  • Los Angeles CA
  • $58,500,000
  • 6 Beds | 9 Baths | 9,960 SqFt
  • 5 Acres
MLS® #: 25521971
MLS® #: 25538697
  • 1129 Tower Rd
  • Beverly Hills CA
  • $55,000,000
  • 7 Beds | 14 Baths | 15,000 SqFt
  • 1 Acres
MLS® #: 25504155
MLS® #: 25548255
  • 766 Paseo Miramar
  • Pacific Palisades CA
  • $54,000,000
  • 7 Beds | 12 Baths | 18,372 SqFt
  • 1 Acres
MLS® #: 25-476043
  • 1108 Wallace Rdg
  • Beverly Hills CA
  • $53,000,000
  • 7 Beds | 14 Baths | 18,169 SqFt
  • 0 Acres
MLS® #: 25499293
MLS® #: AR25122911MR
MLS® #: 25540667
  • 684 Firth Ave
  • Los Angeles CA
  • $49,999,999
  • 6 Beds | 10 Baths | SqFt
  • 1 Acres
MLS® #: 25517025
  • 10066 Cielo Dr
  • Beverly Hills CA
  • $49,995,000
  • 9 Beds | 18 Baths | 21,000 SqFt
  • 3 Acres
The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
All properties are subject to prior sale, changes, or withdrawal.
This site was last updated Jul-11-2025 8:32:17 am.
 

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