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 3/29/2015)

  1. 2 beds, 1 full, 1 part baths
    Home size: 2,372 sq ft
    Lot size: 5,661 sqft
    Year built: 1937
    Days on market: 2
  2. 2 beds, 1 full, 1 part baths
    Home size: 2,372 sq ft
    Lot size: 5,661 sqft
    Year built: 1937
    Parking spots: 3
    Days on market: 2
  3. 3 beds, 2 full baths
    Home size: 1,667 sq ft
    Lot size: 6,126 sqft
    Year built: 1941
    Parking spots: 2
    Days on market: 2
  4. 5 beds, 7 full, 1 part baths
    Home size: 6,585 sq ft
    Lot size: 7,499 sqft
    Year built: 2015
    Days on market: 3
  5. 5 beds, 7 full, 1 part baths
    Home size: 6,585 sq ft
    Lot size: 7,499 sqft
    Year built: 2015
    Days on market: 3
  6. 3 beds, 2 full baths
    Home size: 2,104 sq ft
    Lot size: 7,523 sqft
    Year built: 1936
    Days on market: 3
  7. 2 beds, 2 full baths
    Home size: 1,738 sq ft
    Lot size: 3,973 sqft
    Year built: 1924
    Days on market: 4
  8. 2 beds, 2 full baths
    Home size: 1,738 sq ft
    Lot size: 3,973 sqft
    Year built: 1924
    Days on market: 4
  9. 2 beds, 2 full baths
    Home size: 1,654 sq ft
    Lot size: 5,542 sqft
    Year built: 1940
    Days on market: 4
  10. 2 beds, 2 full baths
    Home size: 1,654 sq ft
    Lot size: 5,542 sqft
    Year built: 1940
    Days on market: 5
  11. 2 beds, 1 full, 1 part baths
    Home size: 1,451 sq ft
    Lot size: 7,013 sqft
    Year built: 1926
    Days on market: 6
  12. 3 beds, 2 full baths
    Home size: 1,795 sq ft
    Lot size: 6,063 sqft
    Year built: 1930
    Days on market: 8
  13. 5 beds, 4 full, 2 part baths
    Home size: 4,338 sq ft
    Lot size: 7,505 sqft
    Year built: 2003
    Days on market: 9
  14. 3 beds, 2 full baths
    Home size: 2,104 sq ft
    Lot size: 7,523 sqft
    Year built: 1936
    Days on market: 9
  15. 3 beds, 2 full baths
    Home size: 1,795 sq ft
    Lot size: 6,063 sqft
    Year built: 1930
    Parking spots: 2
    Days on market: 9

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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