Real Estate in Santa Monica. Half-Year Market Report

Originally posted on July 22, 2011

Real Estate in Santa Monica, Buying a Home in Santa MonicaWe 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

Santa Monica Real Estate Single Family Homes, Santa Monica Real Estate Home Sales

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.

Santa Monica Real Estate Condos, Real Estate in Santa Monica Condo Sales

Except for 90404, the Santa Monica condo market is seeing less inventory, and except for 90401,  it is a healthy sellers’ market.

Santa Monica First Quarter 2011 Market Report

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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.

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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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