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

Santa Monica Real Estate Market Report 2017

Posted by janepeters on January 5, 2018
| 0

What has been happening in the Santa Monica real estate market over the past year? How is the inventory?

Santa Monica real estate market report 2017

Since Santa Monica consists of five zip codes, each demographically different, it makes more sense to look at them separately.

90401 – Downtown

Single Family
Sold: 2
Median price: $3,775,o00
Current inventory: 6 with a median price of $4,599,000. Buyers’ market.

Condos
Sold: 27
Median price: $1,275,o00
Price change over 2016: -29%
Current inventory: 4 with a median price of $2,035,000. Sellers’ market.

90402 – North of Montana

Single Family
Sold: 104
Median price: $3,995,000
Price change over 2016: +6%
Current inventory: 16 with a median price of $6,495,000. Sellers’ market.

Condos
Sold: 34
Median price: $2,133,750
Price change over 2016: +47% (increase in sales of higher priced Ocean Ave. condos)
Current inventory: 17 with a median price of $2,400,000. Stable market.

90403 – North of Wilshire

Single Family
Sold: 34
Median price: $2,574,564
Price change over 2016: -8%
Current inventory: 4 with a median price of $2,699,000. Sellers’ market

Condos
Sold: 151
Median price: $1,220,000
Price change over 2016: +3%
Current inventory: 14 with a median price of $1,398,500. Sellers’ market

90404 – Mid- City, Sunset Park

Single Family
Sold: 17
Median price: $1,200,000
Price change over 2016: 0
Current inventory: 2 with a median price of $1,695,000. Sellers’ market

Condos
Sold: 99
Median price: $935,000
Price change over 2016: +16%
Current inventory: 4 with a median price of $942,499. Sellers’ market.

90405 –  Pico District, Ocean Park, Ocean Avenue

Single Family
Sold: 91
Median price: $1,865,000
Price change over 2016: +7%
Current inventory: 6 with a median price of $2,247,500. Sellers’ market.

Sold: 93
Median price: $1,020,000
Price change over 2016: +12%
Current inventory: 4 with a median price of $1,037,500. Sellers’ market.

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

Overall in Santa Monica there were 248 sales of single family homes at a median price of $2,530 which was a 3% increase over 2016

There were 404 condos sold at a median price of $1,102,500 which was a 10% increase over 2016.

Santa Monica remains in a sellers’ market with the median price increasing steadily. So sellers, this is still your time.

See more Santa Monica real estate market reports

See live updates on the Santa Monica real estate market.

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