Let’s take a look at the Santa Monica real estate market. How did 2016 stack up compared with the previous year?
With five zip codes in Santa Monica it makes sense to break it down by each one, and also by property type.
90401
Condos (Downtown Santa Monica has very few single family homes)
Sold: 36 – a drop of 44 over 2015.
Median price: $1,800,000 = 2015.
Average days on market: 70 – a drop of 35 days.
Sold vs list price: 98.54% under 30 days. 92.86% over 120 days
90402
Single Family
Sold: 80 – a drop of 11 over 2015.
Median price: $3,778,667 – an increase of 6.44%.
Average days on the market: 58 – an increase of 15.
Sold vs list price: 100.54% under 30 days. 95.79% over 120 days.
Condos
Sold: 37 – 5 more than 2015.
Median price: $1,450,000 – 9.51% increase.
Average days on market: 72 – drop of 15 days over 2015.
Sold vs list price: 102.81% under 30 days. 94.95% over 120 days
90403
Single Family
Sold: 27 – an increase of 6 over 2015.
Median price: $2,800,000 – 21.08% increase.
Average days on market: 37 – basically the same.
Sold vs list price: 103.89% under 30 days. 97.11% over 120 days
Condos
Sold: 143 – a drop of 29 over 2015.
Median price: $1,200,000 – an increase of 11.63%.
Average days on market: 51 – an increase of 15 days.
Sold vs list price: 103.83% under 30 days. 96.11% over 120 days
90404
Single Family
Sold: 17 – 3 more than in 2015.
Median price: $1,200,000 – an increase of 8.99%.
Average days on the market: 50 – an increase of 3 days.
Sold vs list price: 104.57% under 30 days. (There do not appear to be any homes that stayed on the market over 120 days!).
Condos
Sold: 107 – 2 more than 2015.
Median price: $805,000 – an increase of 7.33%.
Average days on the market: 46 – a drop of 5 days.
Sold vs list price: 104.19% under 30 days. 101.67% over 120 days.
90405
Single Family
Sold: 105 – 2 less than 2015.
Median price: $1,750,000 – an increase of 3.24%.
Average days on the market: 46 an increase of 2 days.
Sold vs list price: 101.73% under 30 days. 98.10% over 120 days.
Condos
Sold: 86 – a drop of 17 over 2015.
Median price: $913,000 – an increase of 10%.
Average days on the market: 39 – basically the same.
Sold vs list price: 102.83 under 30 days. 89.70% over 120 days.
The Information provided by the MLS/CLAW deemed reliable but not guaranteed
Santa Monica real estate continues to have a shortage of inventory. The median price continues to rise at a steady rate. But the fact remains the same. Homes which are overpriced tend to sit on the market longer and ultimately end up selling for less than they would have if priced correctly.
Homes for sale in Santa Monica
- MLS® #: 23-331473
- 10644 Bellagio Rd
- Los Angeles CA
- $195,000,000
- 7 Bed | 20 Bath | 0 SqFt
- 8.4 Acres
- MLS® #: 23-231909
- 594 S Mapleton Dr
- Los Angeles CA
- $137,500,000
- 14 Bed | 27 Bath | 56,500 SqFt
- 4.6 Acres
- MLS® #: 23-321859
- 9505 Gloaming
- Beverly Hills CA
- $126,000,000
- 8 Bed | 20 Bath | 30,610 SqFt
- 2.19 Acres
- MLS® #: 23-282597
- 24168 Case Ct
- Malibu CA
- $95,000,000
- 7 Bed | 8 Bath | 10,272 SqFt
- 3.35 Acres
- MLS® #: 23-263715
- 9904 Kip Dr
- Beverly Hills CA
- $88,000,000
- 10 Bed | 22 Bath | 24,757 SqFt
- 19.82 Acres
- MLS® #: 23-239903
- 107 Delfern Dr
- Los Angeles CA
- $85,000,000
- 10 Bed | 19 Bath | 21,000 SqFt
- 1.88 Acres
- MLS® #: 23-313098
- 1028 Ridgedale Dr
- Beverly Hills CA
- $85,000,000
- 12 Bed | 18 Bath | 24,325 SqFt
- 0.95 Acres
- MLS® #: 24-369077
- 1499 Blueridge Dr
- Beverly Hills CA
- $85,000,000
- 13 Bed | 16 Bath | 28,000 SqFt
- 2.2 Acres
- MLS® #: 23-245068
- 25142 Pacific Coast Hwy
- Malibu CA
- $75,000,000
- 7 Bed | 9 Bath | 13,126 SqFt
- 1.73 Acres
- MLS® #: 23-338275
- 23 Beverly Park Ter
- Beverly Hills CA
- $74,000,000
- 9 Bed | 12 Bath | 28,000 SqFt
- 3.26 Acres
- MLS® #: 24-376821
- 9330 Flicker Way
- Los Angeles CA
- $72,500,000
- 9 Bed | 14 Bath | 24,000 SqFt
- 0.91 Acres
- MLS® #: 24-350817
- 11740 Crescenda St
- Los Angeles CA
- $69,500,000
- 8 Bed | 13 Bath | 20,000 SqFt
- 3.54 Acres
- MLS® #: 23-278179
- 24185 Case Ct
- Malibu CA
- $69,500,000
- 5 Bed | 7 Bath | 11,097 SqFt
- 3.88 Acres
- MLS® #: 24-357985
- 684 Firth Ave
- Los Angeles CA
- $68,000,000
- 6 Bed | 10 Bath | 14,779 SqFt
- 1.93 Acres
- MLS® #: 23-310237
- 9650 Cedarbrook Dr
- Beverly Hills CA
- $68,000,000
- 19 Bed | 33 Bath | 78,000 SqFt
- 27.59 Acres
- MLS® #: 24-370907
- 942 N Alpine Dr
- Beverly Hills CA
- $68,000,000
- 5 Bed | 7 Bath | 12,294 SqFt
- 0.85 Acres
- MLS® #: 24-343930
- 28026 Sea Lane Dr
- Malibu CA
- $67,500,000
- 4 Bed | 5 Bath | 3,795 SqFt
- 0.43 Acres
- MLS® #: 21-705644
- 133 S Mapleton DR
- LOS ANGELES CA
- $65,000,000
- 9 Bed | 14 Bath | 30,000 SqFt
- 1.1 Acres
- MLS® #: 22-167741
- 1005 N Alpine DR
- BEVERLY HILLS CA
- $65,000,000
- 4 Bed | 6 Bath | 4,351 SqFt
- 2.66 Acres
- MLS® #: 23-260091
- 9609 Oak Pass Rd
- Beverly Hills CA
- $65,000,000
- 17 Bed | 19 Bath | 0 SqFt
- 3 Acres
- MLS® #: 24-348129
- 1210 Benedict Canyon Dr
- Beverly Hills CA
- $65,000,000
- 11 Bed | 16 Bath | 27,150 SqFt
- 2.69 Acres
- MLS® #: 23-306545
- 912 Benedict Canyon Dr
- Beverly Hills CA
- $64,000,000
- 7 Bed | 15 Bath | 17,005 SqFt
- 1.15 Acres
- MLS® #: 24-375075
- 271 S Mapleton Dr
- Los Angeles CA
- $62,500,000
- 8 Bed | 12 Bath | 31,450 SqFt
- 1.4 Acres
- MLS® #: 23-263239
- 1108 Wallace Rdg
- Beverly Hills CA
- $62,000,000
- 7 Bed | 14 Bath | 18,169 SqFt
- 0.57 Acres
- MLS® #: 23-271023
- 1220 Sunset Plaza Dr
- Los Angeles CA
- $60,000,000
- 6 Bed | 7 Bath | 11,412 SqFt
- 2.3 Acres
- MLS® #: 22-183864
- 24188 Case Ct
- Malibu CA
- $60,000,000
- 4 Bed | 7 Bath | 10,555 SqFt
- 3.45 Acres
- MLS® #: 24-363261
- 31272 Broad Beach Rd
- Malibu CA
- $59,500,000
- 6 Bed | 9 Bath | 12,301 SqFt
- 1.09 Acres
- MLS® #: 24-369323
- 1859 Bel Air Rd
- Los Angeles CA
- $58,000,000
- 9 Bed | 13 Bath | 20,000 SqFt
- 1.39 Acres
- MLS® #: 23-245455
- 41800 Pacific Coast Hwy
- Malibu CA
- $57,500,000
- 5 Bed | 7 Bath | 8,206 SqFt
- 0.83 Acres
- MLS® #: 24-379209
- 10250 W Sunset Blvd
- Los Angeles CA
- $55,000,000
- 14 Bed | 25 Bath | 30,000 SqFt
- 2.81 Acres
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share).
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