Santa Monica Real Estate Market Sees Home Sales Fall

Home sales in the Santa Monica market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 12.3% to 50 homes sold over the last 30 days. In comparison, nearby Los Angeles had 2,415 sales in the same time frame, the most of all neighboring cities. Potential buyers should take note that the median sales price in Santa Monica rose to $1,553,500 and that there are four months of inventory still available.

Want a home with a large living space in Santa Monica? Start your search with these listings that provide the most in the area:

$5.1M   $7M   $4.7M  

Get started right now by checking out Santa Monica homes for sale or reviewing Santa Monica real estate trends.

Demographic facts for Santa Monica:

  • 89,736 people currently live in this area.
  • The property tax in this area is $7.73/$1,000.
  • People in this area have a commute time breakdown of: <15 min (27.5%), 15-29 min (33.2%), 30-44 min (25.6%), 45-59 min (7.4%), >60 min (6.2%).

Data reported through 6/14/2017

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Coldwell Banker Residential Brokerage
Snapped 68 homes in this area
Partners Trust
Snapped 10 homes in this area
Compass
Snapped 7 homes in this area

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