Santa Monica Real Estate – Market Report 2011

It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011.

Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos.Santa Monica Community, Santa Monica Homes for Sale

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So how is the Santa Monica real estate market doing?

Santa Monica Real Estate Market Report Homes Under $2M

Santa Monica Real Estate Market Report 2011

Santa Monica Real Estate Market Report 2011 | Homes over $5M

Surprisingly, the under $2M Santa Monica single family home market showing a bigger drop than the higher end homes, although both are showing a larger decrease over 2011.  The median price is down at the lower end, but the sales vs list price is slightly up, indicating that homes priced well are selling close to asking.  Also, with inventory at around 2 months, Santa Monica home sellers should consider this a good time to put their homes on the market.

The higher end market is a buyers’ market

Santa Monica Condos | Market Report 2011

Santa Monica condos are also showing a decrease across the board, number of sales, median price, and sales to list price, but the inventory is low, so if you are thinking of selling a Santa Monica condo  now would be a good time.

Previous Santa Monica Housing Market Reports

Santa Monica Market Report September 2011

Real Estate in Santa Monica Half Yearly Market Report

Santa Monica Real Estate First Quarter 2011  Market Report

Search Homes for Sale in Santa Monica

  1. 3 beds, 1 full, 1 part baths
    Home size: 1,893 sq ft
    Lot size: 7,510 sqft
    Year built: 1939
    Parking spots: 4
    Days on market: 1
  2. 5 beds, 2 full, 1 part baths
    Home size: 4,288 sq ft
    Lot size: 7,836 sqft
    Year built: 1926
    Days on market: 1
  3. 3 beds, 1 full, 1 part baths
    Home size: 1,596 sq ft
    Lot size: 7,024 sqft
    Year built: 1939
    Days on market: 2
  4. 4 beds, 3 full baths
    Home size: 3,150 sq ft
    Lot size: 8,748 sqft
    Year built: 1966
    Days on market: 2
  5. 3 beds, 3 full baths
    Home size: 1,831 sq ft
    Lot size: 8,689 sqft
    Year built: 1941
    Days on market: 2
  6. 1 bed, 1 full bath
    Home size: 712 sq ft
    Lot size: 2,016 sqft
    Year built: 1924
    Days on market: 5
  7. 2 beds, 1 full, 1 part baths
    Home size: 1,018 sq ft
    Lot size: 5,995 sqft
    Year built: 1939
    Days on market: 10
  8. 5 beds, 4 full, 1 part baths
    Home size: 4,018 sq ft
    Lot size: 7,986 sqft
    Year built: 2008
    Parking spots: 4
    Days on market: 11
  9. 5 beds, 5 full, 1 part baths
    Home size: 4,109 sq ft
    Lot size: 6,428 sqft
    Year built: 1962
    Days on market: 13
  10. 5 beds, 3 full, 2 part baths
    Home size: 4,410 sq ft
    Lot size: 7,610 sqft
    Year built: 1927
    Parking spots: 4
    Days on market: 13
  11. 5 beds, 4 full, 2 part baths
    Lot size: 19,484 sqft
    Year built: 1969
    Days on market: 13
  12. 5 beds, 4 full, 1 part baths
    Home size: 3,534 sq ft
    Lot size: 7,563 sqft
    Year built: 1927
    Days on market: 13
  13. 4 beds, 4 full baths
    Home size: 2,390 sq ft
    Lot size: 5,574 sqft
    Year built: 1941
    Days on market: 13
  14. 5 beds, 6 full baths
    Home size: 4,195 sq ft
    Lot size: 8,028 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 14
  15. 3 beds, 1 full bath
    Home size: 1,325 sq ft
    Lot size: 6,325 sqft
    Year built: 1941
    Days on market: 14

See all Santa Monica Homes for Sale.
(all data current as of 5/28/2015)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

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