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:
| Building | Sold | Over 2011 | Low Price | High Price | Median Price | % of 2011 | Active | Pending | Market |
| 101 Ocean Ave | 1 | = | N/A | N/A | $1,021,250 | N/A | 1 | 0 | |
| 515 Ocean | Park Plaza | 1 | +1 | N/A | N/A | $1,160,000 | N/A | 3 | 1 | |
| 535 Ocean | Oceanaire | 2 | +1 | $2,047,500 | $10,500,000 | $6,273,650 | N/A | 0 | 1 | |
| 701 Ocean Ave | 0 | = | N/A | N/A | N/A | N/A | 0 | 0 | |
| 801 Ocean | Pacifican | 0 | = | N/A | N/A | N/A | N/A | 0 | 0 |
All information provided by MLS/CLAW is deemed accurate but is not guaranteed.
| Seller’s Market | Buyers’ Market | Stable Market |
| Less than 6 months inventory | More than 6 months inventory |
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.
535 Ocean, The Oceanaire, has two units for lease, one at $5,195, and the other at 5,495 per month.
201 Ocean Ave, Ocean Towers, is a coop, one of the few in Los Angeles, so buying into it is a challenge. However, there are 12 units currently for lease, the lowest at $3,300 for a studio, and the highest at $10,500 for a 3-bedroom, per month. Some of these units have spectacular views, many are furnished and the majority share a community laundry.
Santa Monica ocean front condos for sale and lease
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