Santa Monica real estate was nowhere near as hard hit as other parts of Los Angeles, and certainly the rest of the country.
Single family home prices in Santa Monica have ranged from $150,000 to $11,650,000, a huge differential, but the median price is the middle ground where 50% of homes sold above that price and 50% below.
The height of the real estate market in Santa Monica in terms of median price was in the 1st Quarter of 2008, and most recently, the worst was the 4th Quarter of 2009.
The 4th Quarter of 2011 showed strong and the 1st Quarter of 2012 followed closely.
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