We are now over halfway through 2011. Doesn’t time fly. So let’s take a look how real estate in Santa Monica has fared over the second quarter.
As usual, real estate in Santa Monica is local, so it will be broked down by zip code.
Approximate Santa Monica Zip Code Borders
90401 = Wilshire to Pico, the ocean to 12th St – higher density of condos and apartments
90402 = Montana to Rustic Canyon, the ocean to 26th St. – higher density of single family and higher-priced homes
90403 = Wilshire to Montana, the ocean to S. Carmelina – higher density of condos and apartments
90404 = Wilshire to Pico, 4th to S. Centinela – condo-single family mix
90405 = Pico to Ocean, the ocean to S. Centinela – mix of higher-priced homes and condos
Real estate in Santa Monica has shown a slight improvement in sales of single family homes in 90404 over the past 3 months, and the monthly inventory has come down considerably.
90405 inventory has gone up slightly, but the average sales price is up.
Overall, the Santa Monica real estate market for single family homes remains steady and is predominantly a sellers’ market.
Except for 90404, the Santa Monica condo market is seeing less inventory, and except for 90401, it is a healthy sellers’ market.
Don’t know where you want to live in Santa Monica? Search areas by lifestyle:
Buying or Selling Los Angeles Real Estate
Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!
When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.
If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.
Westside Los Angeles Real Estate, including, but not limited to:
- Westwood Real Estate – Westwood single family homes, Silver Lake single family homes, Silver Lake condominiums
- Echo Park Real Estate – Echo Park single family homes, Echo Park condominiums
For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.
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