Santa Monica Homes for Sale Market Report 1st Qtr 2018

If you are thinking of buying or selling a home in Santa Monica let’s take a look at homes for sale currently and sales over the 1st Qtr of 2018 to see where the market is.

Santa Monica consists of five zip codes, each demographically different, so we will look at them separately.

90401 – Downtown

Single Family
Sold: 0
Current inventory: 2 with an average price of $2,798,500.  Buyers’ market

Condos
Sold: 2
Average price: $1,965,o00
Current inventory: 9 with an average price of $3,019,833. Stable  market.

90402 – North of Montana

Single Family
Sold: 10
Median price: $5,037,500
Median price for 20178: $3,995,000
Current inventory: 19 with a median price of $6,399 ,000. Sellers’ market.

Condos
Sold: 7
Median price: $2,100,000
Median price for 2017:  $2,133,750
Current inventory: 26 with a median price of $2,312,500. Buyers’ market.

90403 – North of Wilshire

Single Family
Sold: 3
Median price: $2,666,888
Median price for 2017: $2,574,564
Current inventory: 6 with a median price of $2,842,500. Sellers’ market

Condos
Sold: 38
Median price: $1,237,500
Median price for 2017: $1,220,000
Current inventory: 21 with a median price of $1,200,000. Sellers’ market

90404 – Mid- City, Sunset Park

Single Family
Sold: 2
Average price: $1,305,000
Current inventory: 2 with an average price of $1,224,500. Sellers’ market.

 Condos
Sold: 21
Median price: $800,000
Median price for 2017: $935,000
Current inventory: 14 with a median price of $887,499. Sellers’ market.

90405 –  Pico District, Ocean Park, Ocean Avenue

Single Family
Sold: 22
Median price: $1,907,500
Median price for 2017: $1,865,000
Current inventory: 18 with a median price of $2,622,500. Sellers’ market.

Sold: 17
Median price: $1,205,000
Median price for 2017: $1,020,000
Current inventory: 11 with a median price of $1,347,500. Sellers’ market.

The information provided by the MLS/CLAW deemed reliable but not guaranteed
Overall, Santa Monica real estate remains in a sellers’ market.

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