Santa Monica Homes for Sale July 2014 Market Report

How is the Santa Monica real estate market doing? Let’s compare the second quarter 2014 sales over the first.

Santa Monica real estate market report

The percentage difference is over the same period in 2014.

Santa Monica single family

90401this is primarily a business district so you will see little or no activity here.

Sold +/- Median % +/- Active Median Pending
0 -2 $1,522,000** -N/A 1 $7,500,000 0

90402 - which includes the areas of Santa Monica Canyon, North of San Vicente, and North of Montana and the northern part of Ocean Avenue (which includes the luxury condo buildings).

Sold +/- Median % +/- Active Median Pending
26 +12 $3,515,750 -5.04 27 $3,599,000 15

90403 – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),

Sold +/- Median % +/- Active Median Pending
9 +2 $2,050,000 +8.58 7 $3,650,000 6

90404 - Mid-City and Sunset Park – a combination of residential and commercial buildings.

Sold +/- Median % +/- Active Median Pending
3 +1 $930,000 +4.64 5 $1,295,000 4

90405Pico District and Ocean Park – also a combination of upscale residential and commercial buildings.

Sold +/- Median % +/- Active Median Pending
27 +11 $1,400,000 = 18 $1,750,000 17

 

Santa Monica Condos

90401*

Sold +/- Median % +/- Active Median Pending
22 +20 $$1,725,000 N/A 48 $1,950,000 22

90402

Sold +/- Median % +/- Active Median Pending
11 +1 $1,495,000 +1.79 10 $1,920,000 3

90403

Sold +/- 2011 Median % +/- Active Median Pending
25 +18 $922,000 +5.61 22 $762,000 15

90404

Sold +/- 2011 Median % +/- Active Median Pending
33 +17 $721,100 +18.75 21 $675,000 12

90405

Sold % +/- Median % +/- Active Median Pending
28 +5 $786,500 +33.30 15 $868,000 14

 

Seller’s Market Stable Market Buyers’ Market
Less than 5 months inventory 5 to 7 months inventory More than 7 months inventory

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.

*Both the new condo developments, the Waverly and Seychelle, have started to sell their units at 1705 and 1755 Ocean Avenue which reflects the jump in sales.

Sales and median prices are up overall and Santa Monica still remains a sellers’ market.

Previous Santa Monica real estate market reports

Homes for Sale in Santa Monica

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Jane Peters

Jane Peters is a Los Angeles Realtor®, specializing in absentee owners, out-of-town-buyers and those needing that extra personal touch to make the buying and selling of Los Angeles real estate a smooth and, believe it or not, fun process.

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