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Santa Monica Real Estate Market Report | 3rd Quarter 2012

By
Real Estate Broker/Owner with Home Jane Realty BRE# 01439865

It’s time to check in on Santa Monica real estate.  How is the market doing?  Is it still a sellers’ market and is the median price rising?  Let’s take a look.

Santa Monica community
Santa Monica Single Family Homes

90401 - Downtown Santa Monica

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 2 +1  $3,537,500 N/A 5 0 Buyers

90402 - which includes the areas of Santa Monica Canyon, North of San Vicente,  and North of Montana and the northern part of Ocean Avenue (which includes the luxury condo buildings).

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 88 22 $2,723,500  13.70% 22 13 Sellers

 90403  – North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 24 -7 $1,646,000 13.52%  7 6 Sellers

90404 - Mid-City and Sunset Park

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 11 5 $615,000 2.93%  4 2 Sellers

90405 - Pico District and Ocean Park

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 73 -13 $1,000,000 0.81%  16 18 Sellers

Santa Monica Condos

90401

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
11 3 $580,000 15.65% 3 2 Sellers

90402

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
33  4  $1,100,000  10%  19  7 Sellers

90403

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
146  45  $789,500  7.27%  30 15  Sellers

90404

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 79 19 $479,000 -4.39%  12 18  Sellers

90405

Sold Over 2011 Median Over 2011 Active Pending Buyers/Sellers Market
 83 10 $685,000 10.04% 20 19  Sellers

All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
With the exception of single family homes in the Downtown area, Santa Monica real estate continues to be a sellers’ market.

The median price is up overall, as are the number of homes sold.

Santa Monica homes sellers, now would be a great time to put your homes on the market.

Homes for Sale in Santa Monica

 

 

Buying or Selling Los Angeles Real Estate

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Read more: http://www.homejane.com/santa-monica-real-estate-3rd-quarter-markt-report-2012.html#ixzz28YRspdnF

Comments(11)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Hi Jane,

You have sold me..sellers in San Monica need to be putting their home on the market and need to call Jane Peters to price it right!

Oct 06, 2012 07:01 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Dorie,  we need them desperately.

Oct 06, 2012 08:40 AM
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Jane -I think that it must be very confusing for buyers and sellers when they listen to the national news.  It certainly does not seems to be a seller's market in many part of the US>

Oct 06, 2012 12:40 PM
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Jane, looks like you can't sell them fast enough in Santa Monica...buyers must be praying for more inventory, as well as their agents !

Oct 06, 2012 12:49 PM
Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Jane, always a great and detailed report from you about the areas in your LA market!

Well done!

 

Oct 06, 2012 02:04 PM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

Jane, love the photo and the concise reports, including whether it's a buyer or seller market.

Oct 06, 2012 02:36 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Joan,  inventory is pretty low in most areas.

Mary,  they certainly are.

Thom,  thank you.

Michelle, thank you too.

Oct 06, 2012 02:45 PM
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker Realty, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Jane - Once again another excellent real estate market report on the Santa Monica area.  For the most part sellers are locking in nice gains in the area.  If you're looking to buy, or sell contact Jane Peters, she really knows this market!

Oct 06, 2012 03:10 PM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Laura,  thank you.

Oct 06, 2012 04:08 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Jane - Check out all of those seller's markets in Santa Moncia CA.

Oct 07, 2012 08:51 AM
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Michelle,  yes indeed.

Oct 07, 2012 09:23 AM