How did the Santa Monica real estate market do over the 3rd Quarter of 2014. Did we see more inventory come on the market? How is the median price now?
Let's take a look. The percentage 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 here.
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 0 | = | $1,522,000** | -N/A | 3 | $3,950,000 | 0 |
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 | +/- | Median | % +/- | Active | Median | Pending |
| 29 | +3 | $3,144,375 | -10.56 | 21 | $3,765,000 | 12 |
90403 - North of Wilshire, parts of Ocean Avenue (also including some of the luxury condo complexes),
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 8 | -1 | $2,389,000 | +10.54 | 3 | $2,869,000 | 2 |
90404 - Mid-City and Sunset Park - a combination of residential and commercial buildings.
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 4 | +1 | $972,500 | +4.57 | 4 | $1,022,500 | 5 |
90405 - Pico District and Ocean Park - also a combination of upscale residential and commercial buildings.
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 37 | +10 | $1,350,000 | -3.57 | 17 | $1,950,000 | 13 |
Santa Monica Condos 90401*
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 38 | +16 | $1,525,000 | -11.59 | 39 | $1,995,000 | 13 |
| Sold | +/- | Median | % +/- | Active | Median | Pending |
| 7 | -4 | $1,575,000 | +5.35 | 11 | $2,995,000 | 3 |
| Sold | +/- 2011 | Median | % +/- | Active | Median | Pending |
| 29 | +4 | $927,000 | +0.54 | 18 | $974,000 | 20 |
| Sold | +/- 2011 | Median | % +/- | Active | Median | Pending |
| 34 | +1 | $721,100 | = | 18 | $737,500 | 11 |
| Sold | % +/- | Median | % +/- | Active | Median | Pending |
| 29 | +1 | $909,000 | +15.58 | 14 | $746,500 | 10 |
| Seller’s Market | Stable Market | Buyers’ Market |
| Less than 5 months inventory | 5 to 7 months inventory | More than 7 months inventory |
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
*Both the new condo developments, the Waverly and Seychelle, have started to sell their units at 1705 and 1755 Ocean Avenue which affects the median price.
For Santa Monica real estate overall, the 3rd Quarter: Showed a drop in median price. September was down 16.74% over June. There was an in the number of sales in July by 4, but September and June show the same number of sales at 24 each. The number of new properties coming on the market was down by in September over June by 4 for a total of 32. The average number of days on the market was 42 in September, down by 9 over June. Santa Monica continues to be a very strong market for home sellers. Previous Santa Monica real estate market reports
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