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 8/27/2014)

  1. 2 beds, 1 full bath
    Home size: 830 sq ft
    Lot size: 3,585 sqft
    Year built: 1922
    Parking spots: 2
    Days on market: 5
  2. 2 beds, 1 full bath
    Home size: 1,036 sq ft
    Lot size: 5,185 sqft
    Year built: 1940
    Days on market: 6
  3. 4 beds, 1 full, 2 part baths
    Home size: 3,249 sq ft
    Lot size: 7,556 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 6
  4. 4 beds, 4 full baths
    Home size: 3,253 sq ft
    Lot size: 8,277 sqft
    Year built: 2012
    Days on market: 6
  5. 4 beds, 3 full, 3 part baths
    Home size: 4,054 sq ft
    Lot size: 7,994 sqft
    Year built: 1923
    Parking spots: 6
    Days on market: 6
  6. 3 beds, 3 full baths
    Home size: 2,354 sq ft
    Lot size: 3,958 sqft
    Year built: 2006
    Days on market: 9
  7. 3 beds, 2 full baths
    Home size: 1,781 sq ft
    Lot size: 7,013 sqft
    Year built: 1944
    Days on market: 10
  8. 2 beds, 1 full bath
    Home size: 730 sq ft
    Lot size: 2,489 sqft
    Year built: 1953
    Parking spots: 4
    Days on market: 12
  9. 3 beds, 3 full baths
    Home size: 2,106 sq ft
    Lot size: 10,149 sqft
    Year built: 1959
    Days on market: 13
  10. 2 beds, 2 full baths
    Home size: 1,057 sq ft
    Lot size: 2,409 sqft
    Year built: 1910
    Days on market: 13
  11. 5 beds, 2 full, 5 part baths
    Home size: 4,130 sq ft
    Lot size: 7,492 sqft
    Parking spots: 2
    Days on market: 15
  12. 1 bed, 1 full bath
    Lot size: 6,250 sqft
    Year built: 1952
    Days on market: 22
  13. 5 beds, 7 full baths
    Home size: 5,859 sq ft
    Lot size: 7,507 sqft
    Year built: 2003
    Parking spots: 4
    Days on market: 23
  14. 5 beds, 7 full baths
    Home size: 5,859 sq ft
    Lot size: 7,507 sqft
    Year built: 2003
    Parking spots: 4
    Days on market: 23
  15. 2 beds, 2 full, 1 part baths
    Home size: 1,838 sq ft
    Lot size: 20,069 sqft
    Year built: 1957
    Parking spots: 1
    Days on market: 26

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.

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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Date last updated: 8/27/14 8:42 AM PDT

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