Santa Monica California Real Estate Market Reality-2010 in Review

All in all, it was a healthy year for real estate in Santa Monica, CA.

Here is the year-end analysis of Santa Monica CA real estate:

Single Family Homes in Santa Monica
Total Sales: 238
Current Pending Sales: 41
Active Listings: 67

If we look at this in an overall manner, it would only take 3.5 months to burn through the existing inventory, but actual days on market varies widely by price range. I'm happy to do a more specific analysis for any curious minds. 

Distressed Single Family Property Watch in Santa Monica, CA:

• There are no single family home Bank-Owned/REOs for sale in Santa Monica
• There are 5 single family Short Sales for sale in Santa Monica
• This represents that 7.5% of the Santa Monica single family home real estate market is distressed properties for sale.
• A total of 20 of the single family homes for sale in Santa Monica sold as Bank-Owned/REO or Short Sale properties.
• This represents that 8.5% of the single family homes for sale in Santa Monica in 2010 sold as distressed properties.

If you are interested in receiving a list of short sales and bank-owned properties in Santa Monica just call me @ 310-487-0099 or email me using the 'email' link at the top right of your screen.

Active Single Family Homes for Sale in Santa Monica by price range (click on the link to find Santa Monica Homes for sale by price range):
Under $1,000,000: 15
$1,000,000 - $1,500,000: 14
$1,500,000 - $3,000,000: 19
$3,000,000 + : 19

Single Family real estate sales for 2010 in Santa Monica CA by price range:
Under $1,000,000: 80
$1,000,000 - $1,500,000: 35
$1,500,000 - $3,000,000: 86
$3,000,000 +: 37

Condominiums in Santa Monica, CA
2010 sales total: 370
Current Pending Sales: 62
Active Listings: 123

If we look at this in an overall manner, it would only take 3 months to burn through the existing inventory, but actual days on market varies widely by price range. I'm happy to do a more specific analysis for any curious minds. 

Distressed Condominium Property Watch in Santa Monica, CA:

• There are 12  Condominium Bank-Owned/REOs for sale in Santa Monica, CA
• There are 17 Condominium Short Sales for sale in Santa Monica, CA
• This represents that 23% of the Santa Monica condominium real estate market is distressed properties for sale.
• A total of 33 of the Condominiums for sale in Santa Monica in 2010 sold as Bank-Owned/REO or Short Sale properties.
• This represents that 9% of the Condominium for sale in Santa Monica in 2010 sold as distressed properties.

If you are interested in receiving a list of short sales and bank-owned condominiums in Santa Monica just call me @ 310-487-0099 or email me using the 'email' link at the top right of your screen.

Active Condominiums for Sale in Santa Monica by price range (click on the link to find Santa Monica Condos for sale by price range):
Under $500,000: 52
$500,000-$750,000: 25
$750,000-$1,000,000: 14
$1,000,000 + : 33

Condominium real estate sales for 2010 in Santa Monica CA by price range:
Under $500,000: 82
$500,000-$750,000: 125
$750,000-$1,000,000: 85
$1,000,000 +: 78

If you are interested in a detailed analysis of any other Westside Los Angeles real estate market besides the Santa Monica real estate market, don’t hesitate to call me at: 310-487-0099.

Curious about how this compares to the National Real Estate Market? Check out this great video.