Santa Monica Real Estate April 2018 Market Report

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

Let's look at the Santa Monica real estate market for April 2019 and compare it to the same period in 2018.  

Santa Monica 

The number of single family homes sold in April compared with the same month in 2018 rose 31%. Condo sales dropped 27.5%.  

Inventory of single family homes increased by 25%. Condo inventory increased by 4%.  

The median price for single family homes dropped 24% and 21% for condos over the previous year.  

The average sales price of homes compared with the list price increased 2.7%. Condos dropped 1%. However the sold price in both categories is still over list price.  

The average number of days that homes sat on the market increased 10% and dropped by 28% for condos.

Less than 5 months = sellers' market | 5 to 7 months = stable market | Over 7 months = buyers' market

Inventory is up in both categories but the Santa Monica housing market still remains a sellers' market.

The information provided by the MLS/CLAW and 1oK Research deemed reliable but not guaranteed

    More Santa Monica market reports Other neighborhood market reports Selling? Find out the value of your Santa Monica home by contacting us at 310-351-9208 or visiting  What's my Los Angeles Home Worth where you will receive a free market analysis via e-mail.  This is a confidential overview and you are under no obligation. Buying? If you are looking to buy a home in Santa Monica, let us help you make your search a smooth one. You can read about the home buying process here. Call us at 310-351-9208 or fill out our contact form and tell us what your are looking for.

Homes for sale in Santa Monica

 

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Rainmaker
619,624
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

 

May 29, 2019 08:44 PM #1
Rainmaker
1,179,952
Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

Sally Crane Thank you.

May 30, 2019 03:46 PM #2
Rainmaker
2,203,174
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Jane Peters - This is an interesting look at supply and demand for residential sales versus condos. I like this report and it illustrates what's going on in your market area!

Best wishes for great success always!

Jun 16, 2019 06:15 PM #3
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Rainmaker
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Jane Peters

Los Angeles real estate concierge services
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