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santa monica real estate: Santa Monica Ocean Front Condos, A Market Report May 2012 - 05/20/12 11:46 AM
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:
With the exception of Park Plaza, which has 3 units on the market, and only 1 sale over the past 4 months, the other buildings have buyers waiting for units to come on the market. Santa Monica ocean front condos is definitely a sellers’ market.
And if you are looking at renting a Santa Monica ocean front condo:
101 Ocean has 1 unit for lease at $25,000 per month.
… (8 comments)
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santa monica real estate: 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 real estate: 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 real estate: 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 real estate: 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 real estate: Santa Monica Approves Bike Action Plan - 12/01/11 06:08 PM
Santa Monica City Council unanimously approved the Bike Action Plan, 20 years in the making, which is an effort to get people out of their cars and onto bikes.
$2.5 million will be spent over the next two years to make 30 miles of streets bike friendly, starting with 14 miles of bike lanes and 17 miles of green buffered lanes along Broadway, Main St., 2nd St. and Ocean Park Blvd. An additional 2,500 bike parking spaces will be available in the next five years. Also opening in the next few months will be the first beachside bicycle campus with City Hall … (26 comments)
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santa monica real estate: 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 real estate: Buying a Home in Los Angeles - Santa Monica - 09/09/11 02:22 PM
Buying a home in Los Angeles can be a formidable task. Where do you start? There are so many neighborhoods to choose from each with its own unique personality. Let’s start with:
Buying a home in Santa Monica
There are so many distinct areas of Santa Monica to choose from. Do you want to live near the beach on Ocean Park? Maybe you want to be able to stroll down Montana Avenue visiting the many boutiques and trendy restaurants? Or you love luxury condo living where the Ocean Avenue condos would be just your style.
Search Santa Monica homes for sale Downtown Santa Monica, … (17 comments)
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santa monica real estate: Buying a Home in Santa Monica - Check Out the Prices! - 06/26/11 02:28 PM
Are you thinking of buying a home in Santa Monica?
If so, you are probably wondering about Santa Monica home prices.
Let’s take a look by zip code:
Homes for sale in Santa Monica 90401 1 single family home – $1,650,000 5 condos – median price $819,000
Homes for sale in Santa Monica 90402
38 single family homes – median price $2,937,500 23 condos – median price $1,399,000
Homes for sale in Santa Monica 90403
19 single family homes – median price $1,895,000 67 condos – median price $759,000
Homes for sale in Santa Monica 90404
7 single family homes … (16 comments)
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santa monica real estate: 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 real estate: Renting a Property in Los Angeles - Santa Monica - 05/22/11 08:38 PM
If you are moving to Los Angeles and not sure where you would like to live you are probably looking for a rental property.
You may be considering renting a property in Santa Monica. If you are, do you want a Santa Monica ocean front property, do you want to be in the canyons, near Montana, or Main Street?
Whatever your preference, there are choices. And in Santa Monica they do tend to offer seasonal rentals, more than other areas of Los Angeles.
There are presently 40 condominium units available for lease from $2,200 to $25,000 per month.
There … (14 comments)
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santa monica real estate: The Market Opens at Santa Monica Place, Friday, May 20, 2011 - 05/19/11 07:19 PM
Santa Monica Place shopping center in downtown Santa Monica opened in August, 2010. To put the icing on the cake The Market is having its grand opening this weekend, starting Friday, May 20th.
What is The Market? The Market is an artisan, farmers market-type store, a place to find organic, gourmet foods. Located on the dining deck of Santa Monica Place, The Market fits in naturally with the six chef restaurants, and general food court. Some of the benefits of The Market are the ease of parking and long hours. Open until 9:00 p.m. Monday thru Thursday, 10:00 p.m. Friday … (36 comments)
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santa monica real estate: Santa Monica Place Mall - Never Lose Your Car Again - 01/24/11 09:45 PM
Ever parked your car in a large mall like Santa Monica Place in Santa Monica, gone shopping, and then come back to realize that you have forgotten when you left it?
Santa Monica Place has installed the first camera-based "Find Your Car" system in the country.
How does it work? You punch your license plate number into the touch screen of a kiosk. A photo comes of up your car's location. Park Assist is the company who developed the "Find Your Car" system along with the red and green lights above parking spaces, showing which ones available. These are also … (33 comments)
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santa monica real estate: I Want to Live in Santa Monica. Where Should I Look? - 01/16/11 07:35 PM
Where should you live in Santa Monica? You know you want to live in Santa Monica, but in a city of 8.3 square miles, and several diverse neighborhoods, you are not sure where to look. There are several distinct areas of Santa Monica each with its own advantage and price ranges. From upscale condos on Santa Monica Beach to high end homes, and plenty of opportunities to lease in between. Living in Santa Monica offers something for everyone. The Santa Monica housing market report below covers 2010 sales and divided by zip code.
Santa Monica Zip Code Map
View Santa … (17 comments)
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santa monica real estate: Santa Monica Real Estate - Ocean Front Properties - 701 Ocean Avenue - 11/11/10 01:50 PM
There is a new ocean front condo available in Santa Monica at 701 Ocean Avenue.
This is a 2 bed 2 bath, 1,498 sq. ft. property on the first floor for $1,195,000. HOA dues are $1,450 per month.
On unit sold over the past year for $1,650,000. Average days on the market were 29.
There is another unit on the market for $3,150,000. Days on the market for this unit are 229.
Search condos for sale and lease at 701 Ocean Ave.
… (19 comments)
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santa monica real estate: Santa Monica Real Estate - Market Trend - 09/04/10 11:04 PM
The Santa Monica real estate market remains steady. All categories are a healthy sellers' market except in the the over $2M single family niche. 6 months inventory represents a balanced market.
The median price remains steady.
Data provided by MLS CLAW deemed reliable, but not guaranteed.
… (8 comments)
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santa monica real estate: Santa Monica Housing Market Report - June 2010 - 07/05/10 10:04 PM
The Santa Monica Housing Market statistics below are taken for 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, and June was not a big change. The number of homes sold was up by 17 over June, the average price was down 5%, but with such a range in home prices in Santa Monica, this is not a reliable gage. The average sold price vs the average list price did not really change, and again, with the range in … (2 comments)
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santa monica real estate: The Exciting New Santa Monica Place Opening August 6th - 06/23/10 10:35 PM
The all new, hip, Santa Monica Place is scheduled to open on August 6th, 2010.
The shopping center has been totally gutted and redesigned to give it a fresh, new, modern design. Open to the skies the center has attracted the only Bloomingdale's SoHo concept store outside Manhattanm a brand new Nordstrom, and many exciting specialty stores.
There will be a rooftop dining deck taking advantage of the tremendous Santa Monica ocean views.
Santa Monica Place, combined with Third Street Promenade and Santa Monica Pier will continue to make Santa Monica one of the most desirable entertainment destinations in the … (30 comments)
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santa monica real estate: Wonder Why People Want to Live in Santa Monica? - 01/17/10 10:37 AM
January 16th. Santa Monica Pier. With wind chill, in the 60s. It doesn't get any better than this.
By the way, the Ferris wheel was installed around two years ago and the colors change so many times you have to wait a long time to see the same combination.
I wondered why so many people were around today. Now I know why!
… (26 comments)
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santa monica real estate: Santa Monica Real Estate - Housing Market Report for December 2009 - 01/12/10 10:28 AM
Santa Monica, Calfornia has not suffered as much as the rest of the California market. It is one of the more affluent neighborhoods in Los Angeles County.
The statistics below are taken directly from the MLS and are for single family homes. They also don't take into consideration condos, income property and private sales.
There were 18 sales in the month of December with a median price of $1,190,752. The highest priced home sold for $3,950 in "The Canyon" and the least expensive for $560,000 just east of "Ocean Park".
Sales price received versus the listing price was 93%.
Average … (13 comments)
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Jane Peters - Los Angeles Real Estate DRE# 01439865
Los Angeles,
CA
More about me…
Power Brokers Int'l
Address: Beverly Hills, CA, 90210
Office Phone: (310) 473-6919
Cell Phone: (310) 351-9208
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