Santa Monica Homes for Sale July 2014 Market Report

Santa Monica real estate market report

How is the Santa Monica real estate market doing? Let's compare the second quarter 2014 sales over the first. The percentage difference is over the same period in 2014. Santa Monica single family 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- Median % +/- Active Median Pending 0 -2 $1,522,000** -N/A 1 $7,500,000 0 90402 - which includes the areas of Santa Monica Canyon, North of San Vicente, and North … [Read more...]

Santa Monica Homes for Sale 1st Qtr 2014 Market Report

Santa Monica rea estate market 2nd Qtr 2013 in review

Let's see how the Santa Monica real estate market is doing with the shortage of inventory. How does the first quarter of 2014 compare to the same period in 2013?  Santa Monica zip codes differ in pricing and demographics from each other and will be reported separately. The percentage difference is over the same period in 2014. Santa Monica single family 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- Median % … [Read more...]

Santa Monica Real Estate 2013 in Review

Santa Monica homes for sale market report

Let's see how Santa Monica real estate fared in 2013 as compared to the previous year. Due to the difference in demographics the report is split by Santa Monica zip code. 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- 2012 Median +/- 2012 Active Median Pending 3 +1 $3,520,000 -0.49% 2 $1,672,500 2 90402 - which includes the areas of Santa Monica Canyon, North of San Vicente, and North of Montana and the … [Read more...]

Santa Monica Homes for Sale 3rd Qtr 2013 Market Report

Santa Monica rea estate market 2nd Qtr 2013 in review

Let's check on on the Santa Monica real estate market.  How does the Third Quarter of 2013 compare to the Second Quarter.   Santa Monica zip codes differ in pricing and demographics from each other and will be reported separately.  The difference is over the previous quarter. Santa Monica single family 90401 - this is primarily a business district so you will see little or no activity … [Read more...]

L.A. Million Dollar Views for Less than a Million Dollars

Where to live in Los Angeles

You are buying, or even renting a home in Los Angeles and you want a view. It is going to cost you $1 million to find a home like that, right? Wrong. Especially if you are looking at a condo. There are many high rise buildings all over Los Angeles that will offer you spectacular views at a price you can afford.  Not to mention all the amenities that come with those views. These are the views from a rental unit I visited today at 2170 Century Park East. 2170 is away from Olympic Boulevard … [Read more...]

Santa Monica Ocean Front Condos Market Update

Santa Monica Real Estate Market: 2012 in Review

If you are looking to buy a Santa Monica ocean front condo, unfortunately it is a strong sellers' market. Below is a review of the past six months' activity: Sold:  23 Median Price:  $1,450,000 Active Listings:  13 Median Price:  $1,995,000 Under Contract:  9 The main activity has been at The Sea Colony a resort-style complex across the street from Santa Monica beach: Sold:  6 Median Price:  $1,088,000 Active Listings:  0 Under Contract:  5 201 Ocean Avenue, which is a coop … [Read more...]

Santa Monica Real Estate Market Report May 2013

Santa Monica real estate market report

With all the talk about rising homes prices and shortage of inventory, it is time to check on the Santa Monica real estate market performance for May 2013. Is the inventory up, median prices up?  Let's take a look. April 2013 Sold +/- March Median +/- March Active New +/- March Pending +/- March Single Family 18 +3 $2,527,500 +55.90% 42 20 +13 30 +21 Condo 40 -1 $621,250 -5.87% 43 20 +13 31 +17   May 2013 Sold +/- … [Read more...]

Santa Monica Homes for Sale. The Market Trend

Check out the market trend of Santa Monica homes for sale

Let's see the trend for Santa Monica homes for sale over the past year.  Inventory is low, that we know, but how is the median price, how low is the inventory, where was the peak? Single family homes 13 homes sold in January, up 2 over the January 2012.  This was the most sales per month in a year. There were 22 properties under contract in January, up 2 over the previous January.   The highest month was October. Number of homes for sale in January was 64, a 40% drop from the … [Read more...]

Santa Monica Homes. Sellers We Need You!

Buying a home with resale in mind

I constantly get calls from buyers looking for Santa Monica homes for sale, particularly the beach front properties. Santa Monica homes for sale are down 40% from January 2012 to a total of 64 and the median sold price is up 25% to $2,283,750. Santa Monica condos for sale are down 46% over the previous January.  Overall the median price for condos was down to its lowest in a year. For Santa Monica ocean front condos only 1 sold in January compared with 6 in January 2013 and 7 are … [Read more...]

Santa Monica Real Estate | Market Report January 2013

Santa Monica real estate market report 2013

A month of the new year has already gone.  How is the Santa Monica real estate market doing?  Let's compare January statistics to December's.  Are sales looking up?  How are the prices? Single Family Homes   Zip Code Sold +/- Dec. Price Range Median +/- Dec Total Active Median Price Range New Jan. Pending 90401 0 =  N/A N/A N/A  2 $4,235,000 2 0 90402 4 -16  $2,359.650 to … [Read more...]

Santa Monica Real Estate Market. The Year in Review

Santa Monica Real Estate Market: 2012 in Review

Let's check on on Santa Monica real estate and see how 2012 sales compare to the previous year.  Since each of the Santa Monica zip codes differs in pricing and demographics from the others, the numbers are broken down that way. 90401 - this is primarily a business district so you will see little or no activity here. Sold +/- 2011 Median +/- 2011 Active Median Pending 2  +1  $3,537,500 N/A 2 $1,847,500 0   90402 - which includes the areas of Santa Monica … [Read more...]

Santa Monica Homes in an Extreme Sellers’ Market

Santa Monica in an extreme seller's market

It is not just the moderately-priced homes for sale in Los Angeles that encourage multiple offers and over-asking sale prices. There is a home which just sold in Santa Monica.  It is in a prime, desirable area, but a 40s house in original condition, just over 2,000 sq. ft. on a just under 9,000 sq. ft. lot. Listed at $2.275M On the market for 20 days Sold for $3,000.000 $750,000 OVER ASKING! 13 sold over asking with an average sales vs list price of 106%, excluding the … [Read more...]

Santa Monica Real Estate Market November 2012

Santa Monica Real Estate Market Report Ocean Front Condos

Let's check in on Santa Monica real estate and look at November 2012 trends compared with the previous month Single Family Homes Sold +/- Oct. Price Range Total Active Price Range New Oct. Pending 90401 0 =  N/A  4 $1.3000,000 to $4,495,000 0  0 90402 9 +2  $1,650,000 to $5,300,000 18 $1,200,000 to $7,500,000 6 17 90403 7 +5 $1,210,000 to $2,570,000 7 $1,429,000 $3,675,000 2  6 90404 2 +1 $860,000 to … [Read more...]

Santa Monica Real Estate Market October 2012

Santa Monica Real Estate Market Update October 2012

Let's check in on Santa Monica real estate and see how it fared in October over the previous month. Single Family Homes Sold +/- Sept. Price Range Total Active Price Range New Oct. Pending 90401 0  =  N/A  5  $1.3000,000 to $5,999,999 0  0 90402 7  -7  $1,625,000 to $5,385,000 19 $1,459,000 to $18,750,000 4 16 90403 2  -1 $1,600,000 to $2,550,000 8 $1, 399,000 $3,725,000 3  9 90404 1  = $775,000 3 $650,000 to … [Read more...]

Santa Monica Real Estate | Market Report August 2012

Santa Monica Real Estate Market Report Ocean Front Condos

Let's look in on the  Santa Monica real estate market for August 2012. Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Active In Escrow New August Absorption 15 $1,325,000 $709.18 24 25 8 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Active In Escrow New August Absorption 7 $3,250,000 $935.76 31 16 12 Santa Monica Homes $5 to $10 Million Sold Median Avg Price Per SF Active In … [Read more...]

Santa Monica Real Estate July 2012

Santa Monica Real Estate Market Report Ocean Front Condos

Checking in on the Santa Monica real estate market through July 2012 Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Sold July Active In Escrow New July Absorption 90 $1,200,000 $668.14 13 20 13 4 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Sold July Active In Escrow New July Absorption 49 $2,875,000 $831.81 7 30 12 9 Santa Monica Homes $5 to $10 Million Sold Median Avg Price … [Read more...]

Santa Monica Housing Market Overview May 2012

Santa Monica Real Estate Market Report Ocean Front Condos

Let's check out the Santa Monica housing market so far this year. Santa Monica Homes Under $2 Million Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption 63 $1,200,000 $659.01 11 36 29 9 Santa Monica Homes $2 to $5 million Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption 31 $2,717,000 $847.37 8 35 14 11 Santa Monica Homes $5 to $10 Million Sold Median Avg Price Per … [Read more...]

Santa Monica Ocean Front Condos a Market Report May 2012

Santa Monica Real Estate Market Report Ocean Front Condos

Santa Monica ocean front condos are a highly desirable commodity, understandably since there is very little inventory. Below is an overview of what has happened over the past 4 months in the more popular buildings: Building Sold Over 2011 Low Price High Price Median Price % of 2011 Active Pending Market 101 Ocean Ave 1  = N/A N/A $1,021,250  N/A 1 0 515 Ocean | Park Plaza  1 +1 N/A N/A $1,160,000 N/A 3 1 535 Ocean | … [Read more...]

Santa Monica Real Estate 1st Quarter 2012 Market Report

Buying a home in Santa Monica, Santa Monica Real Estate Market Report

Let's compare the Santa Monica real estate performance for the 1st Quarter 2012 over the same period last year. The numbers are taken from the MLS/CLAW and are deemed reliable but not guaranteed.  Also, they reflect single family home sales only. Number Sold:  52, a 5.45% decrease over the same period in 2011. Median Price:  $1,545,000, a 14.44% increase over the same period in 2011. There are 64 active listings and with an average sale of 17.33 homes per month over the past 3 months, this … [Read more...]

Median Home Prices in Santa Monica Over The Past 10 Years

Santa Monica Real Estate Market Report Ocean Front Condos

Santa Monica real estate was nowhere near as hard hit as other parts of Los Angeles, and certainly the rest of the country. Single family home prices in Santa Monica have ranged from $150,000 to $11,650,000, a huge differential, but the median price is the middle ground where 50% of homes sold above that price and 50% below. The height of the real estate market in Santa Monica in terms of median price was in the 1st Quarter of 2008, and most recently, the worst was the 4th Quarter of … [Read more...]