Los Angeles Real Estate and Homes for Sale
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With the low inventory still frustrating buyers in the Los Angeles area, let's see what happened with Santa Monica real estate in April. Sold +/- March Active Median +/- March New +/- March Pending +/- March Single Family 18 +3 42 $2,527,500 +55.90% 20 +13 30 +21 Condo 40 -1 43 $621,250 -5.87% 20 +13 31 +17 The number of new homes coming on the market in Santa Monica in April rose by 13 over March for both single family homes and … [Read more...]
Amazingly we are already into the second quarter of 2013. Let's take a look at how the Santa Monica real estate market did in the first quarter compare it to the last quarter of 2012. Santa Monica zip codes differ in pricing and demographics from each other and will be reported separately. Santa Monica single family 90401 - this is primarily a business district so you will see little or no activity … [Read more...]
Let's see the trend for Santa Monica homes for sale over the past year. Inventory is low, that we know, but how is the median price, how low is the inventory, where was the peak? Single family homes 13 homes sold in January, up 2 over the January 2012. This was the most sales per month in a year. There were 22 properties under contract in January, up 2 over the previous January. The highest month was October. Number of homes for sale in January was 64, a 40% drop from the … [Read more...]
I constantly get calls from buyers looking for Santa Monica homes for sale, particularly the beach front properties. Santa Monica homes for sale are down 40% from January 2012 to a total of 64 and the median sold price is up 25% to $2,283,750. Santa Monica condos for sale are down 46% over the previous January. Overall the median price for condos was down to its lowest in a year. For Santa Monica ocean front condos only 1 sold in January compared with 6 in January 2013 and 7 … [Read more...]
A month of the new year has already gone. How is the Santa Monica real estate market doing? Let's compare January statistics to December's. Are sales looking up? How are the prices? Single Family Homes Zip Code Sold +/- Dec. Price Range Median +/- Dec Total Active Median Price Range New Jan. Pending 90401 0 = N/A N/A N/A 2 $4,235,000 2 0 90402 4 -16 $2,359.650 to … [Read more...]
Let's check on on Santa Monica real estate and see how 2012 sales compare to the previous year. Since each of the Santa Monica zip codes differs in pricing and demographics from the others, the numbers are broken down that way. 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- 2011 Median +/- 2011 Active Median Pending 2 +1 $3,537,500 N/A 2 $1,847,500 0 90402 - which includes the areas of Santa … [Read more...]
It is not just the moderately-priced homes for sale in Los Angeles that encourage multiple offers and over-asking sale prices. There is a home which just sold in Santa Monica. It is in a prime, desirable area, but a 40s house in original condition, just over 2,000 sq. ft. on a just under 9,000 sq. ft. lot. Listed at $2.275M On the market for 20 days Sold for $3,000.000 $750,000 OVER ASKING! 13 sold over asking with an average sales vs list price of 106%, excluding the … [Read more...]
Let's check in on Santa Monica real estate and look at November 2012 trends compared with the previous month Single Family Homes Sold +/- Oct. Price Range Total Active Price Range New Oct. Pending 90401 0 = N/A 4 $1.3000,000 to $4,495,000 0 0 90402 9 +2 $1,650,000 to $5,300,000 18 $1,200,000 to $7,500,000 6 17 90403 7 +5 $1,210,000 to $2,570,000 7 $1,429,000 $3,675,000 2 6 90404 2 +1 $860,000 to … [Read more...]
Let's check in on Santa Monica real estate and see how it fared in October over the previous month. Single Family Homes Sold +/- Sept. Price Range Total Active Price Range New Oct. Pending 90401 0 = N/A 5 $1.3000,000 to $5,999,999 0 0 90402 7 -7 $1,625,000 to $5,385,000 19 $1,459,000 to $18,750,000 4 16 90403 2 -1 $1,600,000 to $2,550,000 8 $1, 399,000 $3,725,000 3 9 90404 1 = $775,000 3 $650,000 to … [Read more...]
It's time to check in on Santa Monica real estate. How is the market doing? Is it still a sellers' market and is the median price rising? Let's take a look. Santa Monica Single Family Homes 90401 - Downtown Santa Monica Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market 2 +1 $3,537,500 N/A 5 0 Buyers 90402 - which includes the areas of Santa Monica Canyon, North of San Vicente, and North of Montana and the northern part of … [Read more...]
Let's look in on the Santa Monica real estate market for August 2012. Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Active In Escrow New August Absorption 15 $1,325,000 $709.18 24 25 8 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Active In Escrow New August Absorption 7 $3,250,000 $935.76 31 16 12 Santa Monica Homes $5 to $10 Million Sold Median Avg Price Per SF Active In … [Read more...]
Checking in on the Santa Monica real estate market through July 2012 Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Sold July Active In Escrow New July Absorption 90 $1,200,000 $668.14 13 20 13 4 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Sold July Active In Escrow New July Absorption 49 $2,875,000 $831.81 7 30 12 9 Santa Monica Homes $5 to $10 Million Sold Median Avg Price … [Read more...]
Santa Monica, is "California's Most Celebrated Beach City" and one of National Geographic's "Top 10 Beach Cities in the World" with many award-winning hotels, restaurants and attractions. There are various distinct neighborhoods (see Santa Monica community information), each with its own unique character, and varied housing affordability. The closer to the ocean and the further north you go, the more expensive it gets. For the purposes of this Santa Monica housing market report the areas … [Read more...]
Let's check out the Santa Monica housing market so far this year. Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption 63 $1,200,000 $659.01 11 36 29 9 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption 31 $2,717,000 $847.37 8 35 14 11 Santa Monica Homes $5 to $10 Million Sold Median Avg Price Per … [Read more...]
Santa Monica ocean front condos are a highly desirable commodity, understandably since there is very little inventory. Below is an overview of what has happened over the past 4 months in the more popular buildings: Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market 101 Ocean Ave 1 = N/A N/A $1,021,250 N/A 1 0 515 Ocean | Park Plaza 1 +1 N/A N/A $1,160,000 N/A 3 1 535 Ocean | … [Read more...]
Let's compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed. Also, they reflect single family home sales only. Number Sold: 52, a 5.45% decrease over the same period in 2011. Median Price: $1,545,000, a 14.44% increase over the same period in 2011. There are 64 active listings and with an average sale of 17.33 homes per month over the past 3 months, … [Read more...]
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 … [Read more...]
Let's check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points. As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000 Active listings: 58, at a median price of $1,499,500 Based on sales over the past 6 months, there is 3.55 months' worth of inventory or absorption rate.* For condos, there were 282 Santa Monica condos sold over the past year … [Read more...]
It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011. Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos. What is Market Absorption? Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market. 6 months worth of inventory is a balanced … [Read more...]
Santa Monica is a city with several distinct neighborhoods. The vast majority of single family homes on the market are listed for over $1 million. Out of a total of 78 Santa Monica homes for sale at present, only 13 are listed under $1 million. The highest price home is $14,950,000, which is on a double lot, half in the city of Santa Monica and half in Los Angeles. Santa Monica Canyon, although it has a Santa Monica zip code is actually in the City of Los Angeles. The median … [Read more...]
