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santa monica homes for sale: Santa Monic Real Estate Market Report | 1st Quarter 2012 - 04/10/12 11:04 AM
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 means that there is an absorption rate of 3.69. In other words, it will take 3.69 months to … (0 comments)
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santa monica homes for sale: Santa Monica Real Estate Median Home Prices - 04/02/12 02:12 PM
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 2009.
The 4th Quarter of 2011 showed strong and the 1st Quarter of 2012 followed closely.
Search … (24 comments)
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santa monica homes for sale: Santa Monica Real Estate Market Update | February 2012 - 02/08/12 04:22 PM
Let’s check out the Santa Monica real estate market so far this year. It is easier to break Santa Monica down into zip codes for price points.
As an overview, there were 225 Santa Monica single family homes sold over the past year at a median price of $1,500,000Active listings: 58, at a median price of $1,499,500Based on sales over the past 6 months, there is 3.55 months’ worth of inventory or absorption rate.*
For condos, there were 282 Santa Monica condos sold over the past year at a median price of $647,400Active listings: 120, at median price of $797,000Based on sales over the past 6 months, there is 4.77 … (17 comments)
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santa monica homes for sale: Santa Monica Housing Market Report - 2011 - 01/04/12 04:31 PM
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.
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.
… (16 comments)
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santa monica homes for sale: Homes for Sale In Santa Monica Over $1 Million - 10/11/11 01:23 PM
Santa Monica is a city with several distinct neighborhoods. The vast majority of single family homes on the market are listed for over $1 million. Out of a total of 78 Santa Monica homes for sale at present, only 13 are listed under $1 million.
The highest price home is $14,950,000, which is on a double lot, half in the city of Santa Monica and half in Los Angeles. Santa Monica Canyon, although it has a Santa Monica zip code is actually in the City of Los Angeles.
The median price for Santa Monica homes is $2,795,000 and average days on the market for those homes listed is … (30 comments)
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santa monica homes for sale: 100 Free Things to do in Santa Monica - 06/03/11 04:32 PM
Santa Monica is one of the most popular tourist destinations and desired residential communities in the Los Angeles area. Made up of 8 districts, Santa Monica has a wealth of things to do and different lifestyle offerings.
3rd St. Promenade: walk several blocks listening the street performers, visit the myriad stores, and dine at the mix of restaurants.
Ocean Avenue: step down onto Santa Monica Pier and enjoy the entertainment, dine at the upscale restaurants with their ocean views
Main Street/Ocean Park: with its upscale restaurants and boutiques.
Montana Avenue: more upscale restaurants and boutiques.
There is so much to … (21 comments)
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santa monica homes for sale: How is the Santa Monica Market Doing? - First Qtr 2011 Report by Zip Code - 05/01/11 12:08 PM
How is the Santa Monica housing market doing? It always makes sense to break Santa Monica real estate down into zip codes which you will see below otherwise the numbers won’t make sense:
Approximate Santa Monica Zip Code Borders 90401 = Wilshire to Pico, the ocean to 12th St – higher density of condos and apartments
90402 = Montana to Rustic Canyon, the ocean to 26th St. – higher density of single family and higher-priced homes
90403 = Wilshire to Montana, the ocean to S. Carmelina – higher density of condos and apartments
90404 = Wilshire to Pico, 4th to S. … (18 comments)
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santa monica homes for sale: Santa Monica Housing Report - May 2010 - 06/07/10 12:34 AM
The Santa Monica Housing Market statistics below are taken from the MLS CLAW and are for single family homes only. They do not include condos, income property, or private sales.
May was a good month for Santa Monica home sales. Although the number of homes sold was down by 7 over April, the median sold price was up 2% and the median sold price vs the median list price difference was down signficantly, i.e. the May sold price was much closer to asking price over April. Days on the market of homes sold was up by 11 but … (5 comments)
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santa monica homes for sale: Santa Monica California Housing Report - 03/27/10 10:55 PM
The Santa Monica housing market, has remained fairly steady over the last year. It is a city of distinct and diverse areas:
Santa Monica Canyon: with a Santa Monica zip code this is in fact part of the City of Los Angeles. It is a hilly and rustic park-like area with some lovely ocean views.
Canyon Charter Elementary School is one of the most prestigious schools in the Los Angeles Unified School District
Ocean Park: this is a destination area for locals with its trendy restaurants and boutiques on Main St. … (9 comments)
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santa monica homes for sale: Santa Monica Real Estate - Housing Market Report for February 2010 - 03/12/10 09:16 PM
The statistics below cover single family home sales for February 2010 in Santa Monica, California. They are taken direclty from the MLS and do not include condos, income property and private sales.
There were 11 homes sold in February, down from 14 in January and up from 5 in February '09.
The highest priced home was $2,298,000 and the lowest $665,000.
The average selling price was $1,139,681, down from $1,713,221 in January, and $2,107,00 in February '09.
The percentage sales price vs. list price was 94.3%, up from 93.4% in January and down from 96.4% in February '09.
Average days … (10 comments)
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santa monica homes for sale: Santa Monica Market Report - September '08 to September '09 - 10/12/09 11:21 PM
The median price of Santa Monica Homes has dropped only 2% over the past year.
The number of properties sold, has increased by 114%.
The number of properties for sale has pretty much stayed the same.
The number of properties going into escrow has risen 127%.
The number of new properties coming on the market has dropped 3%
The average month's supply of inventory has decreased 66.2%.
Supply of homes has pretty much stayed the same, while the demand has risen 114%
Days on the market, has risen 44%. This figure could mean … (7 comments)
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Jane Peters - Los Angeles Real Estate DRE# 01439865
Los Angeles,
CA
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