Santa Monica Housing Market Overview May 2012

Let’s check out the Santa Monica housing market so far this year.

Santa Monica Community, Santa Monica Homes for Sale

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 SF Sold May Active In Escrow New May Absorption
5 $7,400,000 $897.00 2 5 2 1

Santa Monica Homes for sale over $10 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
0 1 1 0 **

Santa Monica Condos under $2 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
155 $650,000 $563.50 33 94 97 36

Santa Monica Condos over $2 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
9 $2,300,000 $1,170.71 5 6 0 0

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.  Also some listings shown as new may simply be back on the market.

Sellers’ Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory

 

 

** Not enough data

Santa Monica shows a healthy market for sellers.  Buyers are out there with little new inventory.  So, Santa Monica home sellers now would be a great time to put your homes on the market if you have any thoughts of selling.

Homes for Sale in Santa Monica

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:

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

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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