More Options
Preview first 0 results. View all results
Advanced Search
Preview first 0 results
Your search results

Santa Monica Ocean Front Condos Market Update

Posted by janepeters on August 4, 2013
| 0

If you are looking to buy a Santa Monica ocean front condo, unfortunately it is a strong sellers’ market.

Below is a review of the past six months’ activity:

Santa Monica Real Estate Market Report Ocean Front Condos

Sold:  23
Median Price:  $1,450,000
Active Listings:  13
Median Price:  $1,995,000
Under Contract:  9

The main activity has been at The Sea Colony a resort-style complex across the street from Santa Monica beach:

Sold:  6
Median Price:  $1,088,000
Active Listings:  0
Under Contract:  5

201 Ocean Avenue, which is a coop building with the challenges associated with buying in it :

Sold:  5
Median Price:  $1,415,000
Active Listings: 8
Median Price:  $1,275,000
Under Contract:  4

535 Ocean Avenue – The Oceanaire

 Sold:  0
Active Listings:  2
Median Price:  $2,395,000
Under Contract:  0

101 Ocean Avenue 

Sold:  2
Median Price:  $3,810,500
Active Listings:  1
Price:  $3,395,000
Under Contract:  0

515 Ocean Avenue – Park Plaza

Sold:  4
$1,580,000
Active Listings:  0
Under Contract:  0

603 Ocean Avenue

Sold:  1
Price:  $4,295,000
Active Listings:  1
Price:  $4,495,000

757 Ocean Avenue

Sold:  3
Median Price:  $594,000
Active Listings:  1
Price:  $479,000
Under Contract:  0

833 Ocean Avenue

Sold:  1
Price:  $1,565,000
Active Listings:  0
Under Contract:  0

As you can see, the inventory for Santa Monica ocean front condos is severely limited with a total of only 13 active listings on the market.  There are also only 36 rental units on the market with a median price of $7,095 per month.

We continue to anxiously await owners of ocean front units to put their homes on the market.  They certainly are going to sell, and quickly.

Santa Monica Condos for Sale

 

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

Leave a Reply

Your email address will not be published.

  • Need Help? Contact Us!

  • Guides & Useful Information

    Read My Blog

    Buying & Selling Guides

    Just Listed

    Featured Communities

    Reviews

    Search By Schools

    Market Reports

    First Report

    Relocating

  • What’s My Home Worth

  • Mortgage Calculator

Compare Listings