Los Angeles Living

It is that time of the year again, the beginning of a new one, and time to look back at how the Santa Monica real estate market fared in 2011.

Since Santa Monica is made up of diverse neighborhoods I have split the report into single family by price and condos.

What is Market Absorption?

Market absorption trends show the rate that properties are selling compared with inventory which enables us to see if it is a sellers’ or buyers’ market.

6 months worth of inventory is a balanced market.  Under 6 months is a sellers’ market, and anything over 6 months is a buyers’ market.

So how is the Santa Monica real estate market doing?

Surprisingly, the under $2M Santa Monica single family home market showing a bigger drop than the higher end homes, although both are showing a larger decrease over 2011.  The median price is down at the lower end, but the sales vs list price is slightly up, indicating that homes priced well are selling close to asking.  Also, with inventory at around 2 months, Santa Monica home sellers should consider this a good time to put their homes on the market.

The higher end market is a buyers’ market

Santa Monica condos are also showing a decrease across the board, number of sales, median price, and sales to list price, but the inventory is low, so if you are thinking of selling a Santa Monica condo  now would be a good time.

Previous Santa Monica Housing Market Reports

Santa Monica Market Report September 2011

Real Estate in Santa Monica Half Yearly Market Report

Santa Monica Real Estate First Quarter 2011  Market Report

Showing properties 1 - 15 of 69. See more Santa Monica Homes for Sale. 
(all data current as of 1/4/2012)

1. $899,000 : 2446 11TH ST, Santa Monica
   
   2 beds, 1.5 baths

   Home size: 1,200 sq ft

   Lot size: 4,500 sq ft

   Year built: 1940

   Parking spots: 4

   Days on market: 7
    
2. $1,690,000 : 212 ENTRADA DR, Santa Monica
   
   5 beds, 6.5 baths

   Home size: 4,211 sq ft

   Lot size: 7,684 sq ft

   Year built: 1932

   Days on market: 13
    
3. $3,100,000 : 2916 2ND ST, Santa Monica
   
   4 beds, 3 full, 1 part baths

   Home size: 2,822 sq ft

   Lot size: 4,996 sq ft

   Year built: 1991

   Days on market: 16
    
4. $999,000 : 1787 SUNSET AVE, Santa Monica
   
   4 beds, 3.5 baths

   Home size: 2,073 sq ft

   Lot size: 5,715 sq ft

   Year built: 1944

   Parking spots: 2

   Days on market: 21
    
5. $5,999,999 : 477 21ST PL, Santa Monica
   
   8 beds, 9.0 baths

   Home size: 6,587 sq ft

   Lot size: 17,480 sq ft

   Year built: 1923

   Days on market: 22
    
6. $1,995,000 : 2711 2ND ST, Santa Monica
   
   3 beds, 1.5 baths

   Home size: 2,744 sq ft

   Lot size: 6,499 sq ft

   Year built: 1898

   Days on market: 23
    
7. $1,039,000 : 2509 CLOVERFIELD, Santa Monica
   
   3 beds, 2.0 baths

   Home size: 1,786 sq ft

   Lot size: 6,250 sq ft

   Year built: 1937

   Days on market: 27
    
8. $2,295,000 : 694 KINGMAN AVE, Santa Monica
   
   4 beds, 3.0 baths

   Home size: 2,624 sq ft

   Lot size: 7,500 sq ft

   Year built: 1941

   Days on market: 28
    
9. $1,379,000 : 2618 2ND ST- FRONT HOUSE PLUS 2 UNITS, Santa Monica
   
   7 beds, 6.0 baths

   Home size: 2,650 sq ft

   Lot size: 2,503 sq ft

   Year built: 2008

   Days on market: 28
    
10. $2,695,000 : 602 KINGMAN AVE, Santa Monica
    
    5 beds, 5.0 baths

    Home size: 4,700 sq ft

    Lot size: 10,018 sq ft

    Year built: 1950

    Parking spots: 2

    Days on market: 34
     
11. $1,649,000 : 3009 2ND ST, Santa Monica
    
    3 beds, 2.5 baths

    Lot size: 6,499 sq ft

    Year built: 1905

    Days on market: 34
     
12. $2,348,000 : 609 20TH ST, Santa Monica
    
    3 beds, 3.0 baths

    Home size: 2,434 sq ft

    Lot size: 8,940 sq ft

    Year built: 1928

    Parking spots: 2

    Days on market: 39
     
13. $929,950 : 1032 Ocean Park Blvd, Santa Monica
    
    5 beds, 2 full, 1 part baths

    Home size: 2,228 sq ft

    Lot size: 8,336 sq ft

    Year built: 1922

    Parking spots: 7

    Days on market: 45
     
14. $1,899,000 : 2655 33RD ST, Santa Monica
    
    4 beds, 3.5 baths

    Home size: 3,059 sq ft

    Lot size: 6,400 sq ft

    Year built: 2008

    Days on market: 48
     
15. $699,000 : 1834 19TH ST, Santa Monica
    
    3 beds, 2 full, 1 part baths

    Home size: 1,301 sq ft

    Lot size: 7,998 sq ft

    Year built: 1923

    Days on market: 54
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/santa-monica-real-estate-market-report-2011.html#ixzz1iWJjrEOb

Santa Monica City Council unanimously approved the Bike Action Plan, 20 years in the making, which is an effort to get people out of their cars and onto bikes.

$2.5 million will be spent over the next two years to make  30 miles of streets bike friendly, starting with 14 miles of bike lanes and 17 miles of green buffered lanes
 along Broadway, Main St., 2nd St. and Ocean Park Blvd.  An additional 2,500 bike parking spaces will be available in the next five years.  Also opening in the next few months will be the first beachside bicycle campus with City Hall teaching the rules of the road to budding cyclists.

This is great news for Santa Monica residents, the majority of whom are bike owners.  On a side note, the country’s largest bicycle center opened on Colorado and 2nd a couple of weeks ago.

Maybe Santa Monica will join places like Amsterdam and Copenhagen as one of the world cycling cities.  And where Santa Monica goes, maybe the rest of Los Angeles will follow.

Read more on this…

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate - Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/santa-monica-bike-action-plan-passed-vote.html#ixzz1fKKe80t4

Santa Monica is a diverse beach city with something for everyone. A haven for tourists you will find find dining, chic clothing stores and mix of real estate, from the high-end single family homes to the vacation rental.  There are 23 parks and 2 swimming pools in the City of Santa Monica

With approximately 89,736  inhabitants and 50,912 housing units, Santa Monica is an incorporated city bordered on the west by the Pacific Ocean. The majority of the population, 40.5% reside north of Wilshire Blvd followed by 30.3% south of Pico, Ocean Park and Sunset Park, 23.2% in mid-city/Pico area and 6% in the Downtown ocean front area (2005 estimates based on 2000 census). Santa Monica also has a larger concentration of single family households than two or more family households.

Because of the population density, the majority of Santa Monica housing consists of multi-family developments, followed by single family units.  There is also a high proportion of rental units.  With less smog and traffic than the rest of Los Angeles, Santa Monica is a desirable place for those seeking an outdoor lifestyle.

Santa Monica comprises 8.3 square miles and is one of the leading sustainable cities in the U.S. with all public buildings running on renewable energy and 2 out of 4 of the city’s public works running on alternative fuel.  It is located on the west side of Los Angeles County, 16 miles from downtown Los Angeles and bordered on three sides by the City of Los Angeles and the Pacific Ocean to the west.

There are several distinct areas in Santa Monica, as follows:

North of San Vicente, 90402:  San Vicente is the northernmost street in Santa Monica and homes north of it are among the most expensive in Los Angeles County.  You have some spectacular views of the Pacific Ocean and Santa Monica Canyon.

North of Montana, 90402: One of the most expensive areas in the County, with trendy Montana being one of the few walk streets in the area with its upscale shops and restaurants.  Streets in this area include: Georgina, Marguerita, Alta, Caryle, Brentwood Terrace and the numbered streets from 4th through 26th.  17th through 22nd is Gillette's Regent Square.  Two good elementary schools serve this area, Franklin, serving residents on 15th to the west side of 26th, and Roosevelt, 14th down to Ocean Ave.

North of Wilshire, 90403:  This is an area between Wilshire and Montana stretching east to around Centinela.  It is a heavily residental neighborhood made up of mid-sized homes and condominiums.  Lincoln Middle School is on 14th St.  Although not quite as expensive as the North of Montana  area North of Wilshireis still up there in price.

Downtown Santa Monica, 90401:  Boundaries are South of California to Colorado and from 2nd to 14th St.  This area is primarily a business district with car dealerships, hotels,  and it includes the famous Third Street Promenade and the renovated Santa Monica Place mall.

Ocean Avenue, 90402, 90403:  The main tourist hub, this area boasts an array of great ocean-front restaurants and hotels. Ocean Avenue also boasts some of the more upscale condo buildings in the city most with spectacular views of the Pacific.  Santa Monica pier is located at the intersections with Colorado and houses a carousel, amusement park and Ferris Wheel.

Ocean Park, 90405: this is a desirable, artsy neighborhood close to the ocean with a mix of older craftsman-type homes, apartments buildings and condos. Main street is a trendy walk street with great restaurants and boutique shopping.

Mid-City, 90404:  Stretching from 14th to Centinela, and Wilshire to Olympica, Midtown Santa Monica is a combination of residential, shops and businesses, with an emphasis on entertainment companies.  The residential make up in the area favors small income properties, condo and apartment buildings.  There is also a new performing arts center.

Pico District, 90405:  The boundaries are  between Lincoln and Centinela and Colorado and Pico.  Pico District is where you can find record stores, a huge Saturday farmers' market, great restaurants and clothing stores and it is the home of Santa Monica College.

Sunset Park  90404: This is primarily are residential area with a mixture of upscale and older  single family homes.  Parts of Sunset Park are quite rustic also.  As you move towards the south east of this area you are closer to Santa Monica Airport, an extremely busy private airport.

Santa Monica Canyon: A beautiful, rustic area which is actually part of the city of Los Angeles although it has a Santa Monica zip code. You really have a feeling of being away from the city.

Population Density

Per 2010 Census

Santa Monica Arts and Entertainment

During the summer Santa Monica's beaches are a great escape from the heat.  You can stroll down the Pier, take some of the rides, like the Ferris Wheel and the Carousel, or simply watch the magnificent sunsets.

Santa Monica has over 420 acres of public parks to enjoy everything from tennis, basketball, and even lawn bowling.

Santa Monica Hospitals

Santa Monica has two major health facilities:

• St. John’s Health Center
• Santa Monica-UCLA  Medical Center

Santa Monica Schools

Santa Monica is known for its excellent public and private schools, consisting of 11 elementary, four middle, three high schools and an alternative K-8 school.Santa Monica schools  fall under the Santa Monica-Malibu Unified School District.

Useful Links

City of Santa Monica 
Santa Monica Chamber of Commerce
Friends of Sunset Park
Ocean Park Association 
What's Happening in Santa Monica
Santa Monica Walking Tours

Map of Santa Monica

View Santa Monica Community in a larger map

Other Los Angeles Neighborhoods

Santa Monica is a city with several distinct neighborhoods.  The vast majority of single family homes on the market are listed for over $1 million.  Out of a total of 78 Santa Monica homes for sale  at present, only 13 are listed under $1 million.

The highest price home is $14,950,000, which is on a double lot, half in the city of Santa Monica and half in Los Angeles.  Santa Monica Canyon, although it has a Santa Monica zip code is actually in the City of Los Angeles.

The median price for Santa Monica homes is $2,795,000 and average days on the market for those homes listed is 103.

Search Santa Monica Homes for Sale Over $1 Million

Showing properties 1 - 10 of 76. See more Santa Monica Homes for Sale Over $1 Million. 
(all data current as of 10/11/2011)

1. $4,525,000 : 14610 HILLTREE RD, Santa Monica
   
   5 beds, 3.5 baths

   Home size: 4,818 sq ft

   Lot size: 14,157 sq ft

   Year built: 1951

   Parking spots: 2

   Days on market: 1
    
2. $2,999,999 : 619 EUCLID ST, Santa Monica
   
   5 beds, 4.5 baths

   Home size: 4,600 sq ft

   Lot size: 7,500 sq ft

   Year built: 1922

   Parking spots: 3

   Days on market: 1
    
3. $1,995,000 : 464 25TH ST, Santa Monica
   
   3 beds, 2.0 baths

   Home size: 1,712 sq ft

   Lot size: 8,700 sq ft

   Year built: 1937

   Days on market: 3
    
4. $2,489,000 : 682 HALDEMAN RD, Santa Monica
   
   4 beds, 3.0 baths

   Home size: 3,101 sq ft

   Lot size: 15,246 sq ft

   Year built: 1965

   Days on market: 5
    
5. $3,195,000 : 551 LINCOLN BLVD, Santa Monica
   
   5 beds, 4.5 baths

   Home size: 3,683 sq ft

   Lot size: 7,500 sq ft

   Year built: 1928

   Days on market: 5
    
6. $3,275,000 : 235 21ST ST, Santa Monica
   
   5 beds, 5.0 baths

   Home size: 4,133 sq ft

   Lot size: 8,940 sq ft

   Year built: 1932

   Parking spots: 4

   Days on market: 6
    
7. $1,569,000 : 2939 16TH ST, Santa Monica
   
   4 beds, 3 full baths

   Home size: 2,400 sq ft

   Lot size: 6,347 sq ft

   Year built: 1938

   Parking spots: 2

   Days on market: 12
    
8. $4,695,000 : 534 19TH ST, Santa Monica
   
   5 beds, 6.5 baths

   Home size: 4,811 sq ft

   Lot size: 8,940 sq ft

   Year built: 2010

   Parking spots: 2

   Days on market: 12
    
9. $4,200,000 : 502 PALISADES AVE, Santa Monica
   
   6 beds, 4.5 baths

   Home size: 4,095 sq ft

   Lot size: 17,500 sq ft

   Year built: 1921

   Parking spots: 5

   Days on market: 12
    
10. $1,195,000 : 1004 CEDAR ST, Santa Monica
    
    3 beds, 2.0 baths

    Home size: 1,301 sq ft

    Lot size: 6,500 sq ft

    Year built: 1936

    Parking spots: 2

    Days on market: 12
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Santa Monica condos for sale totals 141 37 of which are over $1 million.  The highest prices is $12,995,000 for an 8,026 5 bed, 7 bath unit on Ocean Avenue.  The median price of Santa Monica condos for sale over $1 million is $1,539,000 and average days on the market is 82.

Search Condos for Sale in Santa Monica

Showing properties 1 - 10 of 24. See more Santa Monica Condos for Sale Over $1M. 
(all data current as of 10/11/2011)

1. $12,995,000 : 535 OCEAN AVE, Santa Monica
   
   5 beds, 7.0 baths

   Home size: 8,026 sq ft

   Year built: 1963

   Parking spots: 6

   Days on market: 1
    
2. $3,600,000 : 212 MARINE ST, Santa Monica
   
   3 beds, 4.0 baths

   Home size: 3,500 sq ft

   Year built: 2006

   Parking spots: 2

   Days on market: 6
    
3. $2,300,000 : 535 OCEAN AVE, Santa Monica
   
   2 beds, 2 full baths

   Home size: 1,541 sq ft

   Year built: 1963

   Parking spots: 2

   Days on market: 12
    
4. $1,125,000 : 833 OCEAN AVE, Santa Monica
   
   2 beds, 1 full, 1 part baths

   Home size: 1,104 sq ft

   Year built: 1976

   Parking spots: 4

   Days on market: 13
    
5. $3,150,000 : 1007 OCEAN AVE, Santa Monica
   
   2 beds, 2.0 baths

   Home size: 1,996 sq ft

   Year built: 1981

   Parking spots: 2

   Days on market: 14
    
6. $1,495,000 : 723 PALISADES BEACH RD, Santa Monica
   
   2 beds, 2.0 baths

   Home size: 1,414 sq ft

   Year built: 1975

   Parking spots: 4

   Days on market: 19
    
7. $1,455,000 : 2011 IDAHO AVE, Santa Monica
   
   3 beds, 2.5 baths

   Home size: 2,141 sq ft

   Year built: 2008

   Parking spots: 2

   Days on market: 20
    
8. $1,725,000 : 944 17TH ST, Santa Monica
   
   4 beds, 4.0 baths

   Home size: 2,841 sq ft

   Year built: 1973

   Days on market: 22
    
9. $1,195,000 : 101 OCEAN AVE, Santa Monica
   
   2 beds, 1 full, 1 part baths

   Home size: 1,385 sq ft

   Year built: 1963

   Parking spots: 2

   Days on market: 27
    
10. $2,695,000 : 535 OCEAN AVE, Santa Monica
    
    2 beds, 2.0 baths

    Home size: 1,541 sq ft

    Year built: 1963

    Parking spots: 2

    Days on market: 27
     

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Other Los Angeles Neighborhoods

Search Los Angeles Homes for Sale by Zip Code

Los Angeles Lifestyle Search

Return to Los Angeles Real Estate Information Page

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

Read more: http://www.homejane.com/santa-monica-homes-for-sale-over-1-million.html#ixzz1aUk0cVwP

Buying a home in Los Angeles can be a formidable task.  Where do you start?  There are so many neighborhoods to choose from each with its own unique personality.  Let’s start with:

Buying a home in Santa Monica

There are so many distinct areas of Santa Monica to choose from.  Do you want to live near the beach on Ocean Park?  Maybe you want to be able to stroll down Montana Avenue visiting the many boutiques and trendy restaurants?  Or you love luxury condo living where the Ocean Avenue condos would be just your style.

Search Santa Monica homes for sale 

Downtown Santa Monica, 90401:  Boundaries are South of California to Colorado and from 2nd to 14th St.  This area is primarily a business district with car dealerships, hotels,  and it includes the famous Third Street Promenade and the renovated Santa Monica Place mall.

North of Montana, 90402: One of the most expensive areas in the County, with trendy Montana being one of the few walk streets in the area with its upscale shops and restaurants.  Streets in this area include: Georgina, Marguerita, Alta, Caryle, Brentwood Terrace and the numbered streets from 4th through 26th.  17th through 22nd is Gillette’s Regent Square.  Two good elementary schools serve this area, Franklin, serving residents on 15th to the west side of 26th, and Roosevelt, 14th down to Ocean Ave.

North of San Vicente, 90402:  San Vicente is the northernmost street in Santa Monica and homes north of it are among the most expensive in Los Angeles County.  You have some spectacular views of the Pacific Ocean and Santa Monica Canyon.

North of Wilshire, 90403:  This is an area between Wilshire and Montana stretching east to around Centinela.  It is a heavily residental neighborhood made up of mid-sized homes and condominiums.  Lincoln Middle School is on 14th St.  Although not quite as expensive as the North of Montana  area North of Wilshire is still up there in price.

Ocean Avenue, 90402, 90403:  The main tourist hub, this area boasts an array of great ocean-front restaurants and hotels. Ocean Avenue also boasts some of the more upscale condo buildings in the city most with spectacular views of the Pacific.  Santa Monica pier is located at the intersections with Colorado and houses a carousel, amusement park and Ferris Wheel.

Ocean Park, 90405: this is a desirable, artsy neighborhood close to the ocean with a mix of older craftsman-type homes, apartments buildings and condos. Main street is a trendy walk street with great restaurants and boutique shopping.

Pico District, 90405:  The boundaries are  between Lincoln and Centinela and Colorado and Pico.  Pico District is where you can find record stores, a huge Saturday farmers’ market, great restaurants and clothing stores and it is the home of Santa Monica College.

Mid-City, 90404:  Stretching from 14th to Centinela, and Wilshire to Olympica, Midtown Santa Monica is a combination of residential, shops and businesses, with an emphasis on entertainment companies.  The residential make up in the area favors small income properties, condo and apartment buildings.  There is also a new performing arts center.

Sunset Park  90404: This is primarily are residential area with a mixture of upscale and older  single family homes.  Parts of Sunset Park are quite rustic also.  As you move towards the south east of this area you are closer to Santa Monica Airport, an extremely busy private airport.

SEARCH HOMES FOR SALE IN SANTA MONICA

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate – Culver City homes
• Silver Lake Real Estate - Silver Lake single homes
  
• Echo Park Real Estate – Echo Park homes

For more information on how I can best serve your Los Angeles real estate needs, don’t hesitate to fill out the contact form or give me a call at 310-473-6919.

We are now over halfway through 2011. Doesn't time fly. So let's take a look how real estate in Santa Monica has fared over the second quarter. As usual, real estate in Santa Monicais local, so it will be broken down by zip code.

Approximate Santa Monica Zip Code Border

90401 =  Wilshire to Pico, the ocean to 12th St – higher density of condos and apartments

90402 = Montana to Rustic Canyon, the ocean to 26th St. – higher density of single family and higher-priced homes

90403 = Wilshire to Montana, the ocean to S. Carmelina – higher density of condos and apartments

90404 = Wilshire to Pico, 4th to S. Centinela – condo-single family mix

90405 = Pico to Ocean, the ocean to S. Centinela – mix of higher-priced homes and condos

 

Real estate in Santa Monica has shown a slight improvement in sales of single family homes in 90404 over the past 3 months, and the monthly inventory has come down considerably. 90405 inventory has gone up slightly, but the average sales price is up. Overall, the Santa Monica real estate marketfor single family homes remains steady and is predominantly a sellers' market.

Except for 90404, the Santa Monica condo market is seeing less inventory, and except for 90401, it is a healthy sellers' market. Don't know where you want to live in Santa Monica? Search areas by lifestyle:

Search Homes for Sale in Santa Monica

Map of Santa Monica by Zip Code

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you're new to L.A. Town. You'll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs! When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available. If you are an absentee owner, you'll need someone to handle all the details that you can't handle remotely. That's where I come in - I'm there when you can't be. I also specialize in lease property in Los Angeles. Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate - Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate - Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate - Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate - Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
• Echo Park Real Estate - Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

Are you thinking of buying a home in Santa Monica?

If so, you are probably wondering about Santa Monica home prices.

Let’s take a look by zip code:

Homes for sale in Santa Monica 90401

1 single family home – $1,650,000
5 condos – median price $819,000

Homes for sale in Santa Monica 90402

38 single family homes – median price $2,937,500
23 condos – median price $1,399,000

Homes for sale in Santa Monica 90403

19 single family homes – median price $1,895,000
67 condos – median price $759,000

Homes for sale in Santa Monica 90404

7 single family homes – median price $799,000
33 condos – median price $549,500

Homes for sale in Santa Monica 90405

34 single family homes – median price $1,192,500
34 condos – median price $549,000

And if you are interested in Santa Monica beach properties

There are presently 26 condos available at a median price of $1,234,500

Renting a property in Santa Monica?

Under $3,000 per month – 16 properties
$3,000 to $4,000 per month – 25 properties
$4,000 to $6,000 per month – 31 properties
Over $6,000 per month – 62 properties

Search properties for sale and lease in Santa Monica

Map of Santa Monica by Zip Code

Buying or Selling Los Angeles Real Estate

Buying or selling a Los Angeles home can be a daunting process in a city this size, especially if you’re new to L.A. Town. You’ll need a resident expert to show you around and help you narrow down the areas where you might like to live. I will help you find the perfect home in the right area to fit your lifestyle, budget and needs!

When I list and sell Los Angeles homes for my clients I strive to make the experience a pleasant one. My mission is to provide outstanding service while utilizing the best practices and systems available.

If you are an absentee owner, you’ll need someone to handle all the details that you can’t handle remotely. That’s where I come in – I’m there when you can’t be. I also specialize in lease property in Los Angeles.

Westside Los Angeles Real Estate, including, but not limited to:

• Westwood Real Estate – Westwood single family homes, Westwood condominiums, Wilshire Corridor condominiums, Century City condominiums
• Brentwood Real Estate – Brentwood single family homes, Brentwood condominiums
• Santa Monica Real Estate – Santa Monica single family homes, Santa Monica condominiums
• Beverly Hills Real Estate - Beverly Hills single family homes, Beverly Hills condominiums
• Culver City Real Estate – Culver City single family homes, Culver City condominiums
• Palms/Mar Vista Real Estate - Palms/Mar Vista single family homes, Palms/Mar Vista condominiums
  
• Silver Lake Real Estate - Silver Lake single family homes, Silver Lake condominiums
  
• Echo Park Real Estate – Echo Park single family homes, Echo Park condominiums

For more information on how I can best serve your Los Angeles real estate needs, please fill out the online contact form or give me a call at 310-473-6919.

16 comments • Jane Peters - Los Angeles Real Estate (310-473-6919) • June 26 2011 02:28PM