Let’s check out the Santa Monica housing market so far this year.

Santa Monica

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 SF Sold May Active In Escrow New May Absorption
5 $7,400,000 $897.00 2 5 2 1  

Santa Monica Homes for sale over $10 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
0       1 1 0 **

Santa Monica Condos under $2 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
155 $650,000 $563.50 33 94 97 36  

Santa Monica Condos over $2 Million

Sold Median Avg Price Per SF Sold May Active In Escrow New May Absorption
9 $2,300,000 $1,170.71 5 6 0 0  

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.  Also some listings shown as new may simply be back on the market.

Sellers’ Market Buyers’ Market Stable Market
Less than 6 months inventory More than 6 months inventory  

 ** Not enough data

Santa Monica shows a healthy market for sellers.  Buyers are out there with little new inventory.  So, Santa Monica home sellers now would be a great time to put your homes on the market if you have any thoughts of selling.

Homes for Sale in Santa Monica

 

 

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Read more: http://www.homejane.com/santa-monica-housing-market-overview-may-201.html#ixzz1xPQMSr7Y

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Buying or selling real estate in Los Angeles can be an overwhelming process.  Contact Jane Peters, Los Angeles realtor specializing in absentee owners, out of town buyers, and those who need that extra attention, in order to make the transaction a smooth, trouble-free, and fun experience.

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16 Comments on Santa Monica Housing Market Overview | May 2012

JUN
10
569,544 Points 1 Featured Post Localism Sponsor Outside Blog

Hi Jane, terrific marketing report !  The Red/Blue indicators really sum it up !!
9:44am • #1
584,471 Points

Hi Jane, always enjoy viewing information on other Communities..Thanks for sharing with us..
10:13am • #2
1,029,555 Points 238 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jane- I love the way you presented your stats!  Very easy to read. 
10:23am • #3
516,403 Points Outside Blog Called Shot Master

Jane it is easy to read.  Looks like the market is doing well. Lets hope it continues.
10:26am • #4
611,253 Points 40 Featured Posts Outside Blog Called Shot Master

Jane, it looks like your Santa Monica real estate is in full recovery mode - a seller's market across the board.  Great news for Santa Monica. 
10:36am • #5
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Bill,  thank you very much.

Ronald,  thank you for checking in.

Kathy,  thanks, I appreciate it.

Mark,  thank you too.

Juli,  it certainly is.

 
10:54am • #6
1,090,504 Points 201 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master
Hi Jane, This is a most informative market report and I hope that many of the listings and Buyers were yours. Very Impressive!
11:33am • #7
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

William,  wouldn't that be lovely :)
1:44pm • #8
940,103 Points 94 Featured Posts Outside Blog Attended Rain Camp
Less than 6 months of inventory; that's quite a change from a few years back, huh?
4:35pm • #9
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Melissa,  it sure is.
4:42pm • #10
795,724 Points 80 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Amazing stats Jane...i love the price per square foot for your area...it is an eye opener.
5:19pm • #11
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Ginny,  have you checked out Beverly Hills lately :)
5:21pm • #12
1,583,790 Points 429 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jane

Some impressive stats for sure. The inventory ie becoming a bigger problem in many areas. Did you see the article in the LA Times?

Jeff
5:44pm • #13
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Jeff,  I certainly did.  Scary really.
6:26pm • #14
401,560 Points 8 Featured Posts Outside Blog Called Shot Master

Jane - There's a lot of blue on your report.  What an easy way for buyers to know that it's a seller's market.  Excellent market report for the Santa Monica area.
9:09pm • #15
761,240 Points 69 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Laura, thank you.  Praise indeed coming for a market expert like yourself.
9:13pm • #16


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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) 473-6919

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A Los Angeles Realtor® specializing in absentee owners, out-of-town buyers and those needing extra assistance with one of the most important transactions of their lives. Just sit back and relax! You are in capable hands.

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