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

See all Santa Monica Homes for Sale.
(all data current as of 2/26/2015)

  1. 4 beds, 3 full baths
    Home size: 2,319 sq ft
    Lot size: 7,886 sqft
    Year built: 1941
    Days on market: 1
  2. 3 beds, 1 full, 1 part baths
    Home size: 1,445 sq ft
    Lot size: 7,857 sqft
    Year built: 1936
    Days on market: 1
  3. 2 beds, 1 full bath
    Home size: 900 sq ft
    Lot size: 6,427 sqft
    Year built: 1950
    Parking spots: 2
    Days on market: 1
  4. 3 beds, 1 full bath
    Home size: 1,127 sq ft
    Lot size: 6,501 sqft
    Year built: 1947
    Days on market: 3
  5. 2 beds, 2 full baths
    Home size: 1,437 sq ft
    Lot size: 7,510 sqft
    Year built: 1938
    Days on market: 4
  6. 3 beds, 2 full baths
    Home size: 1,847 sq ft
    Lot size: 7,993 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 7
  7. 6 beds, 5 full baths
    Home size: 2,904 sq ft
    Lot size: 40,303 sqft
    Year built: 1937
    Days on market: 7
  8. 3 beds, 1 full bath
    Home size: 971 sq ft
    Lot size: 6,230 sqft
    Year built: 1949
    Parking spots: 4
    Days on market: 8
  9. 4 beds, 2 full, 2 part baths
    Home size: 2,282 sq ft
    Lot size: 8,534 sqft
    Year built: 1937
    Days on market: 8
  10. 5 beds, 5 full, 1 part baths
    Home size: 5,930 sq ft
    Lot size: 8,728 sqft
    Year built: 2009
    Days on market: 8
  11. 4 beds, 1 full, 3 part baths
    Home size: 2,901 sq ft
    Lot size: 16,998 sqft
    Year built: 1963
    Parking spots: 3
    Days on market: 9
  12. 5 beds, 7 full baths
    Home size: 5,035 sq ft
    Lot size: 8,931 sqft
    Year built: 2014
    Parking spots: 2
    Days on market: 9
  13. 4 beds, 2 full baths
    Home size: 2,250 sq ft
    Lot size: 6,742 sqft
    Year built: 1928
    Parking spots: 5
    Days on market: 11
  14. 4 beds, 4 full baths
    Home size: 3,328 sq ft
    Lot size: 7,970 sqft
    Year built: 1933
    Days on market: 14
  15. 3 beds, 4 full baths
    Home size: 3,131 sq ft
    Lot size: 9,884 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 14

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!

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