Santa Monica Homes Prices Up ▲45% Since 2013
The average sales price for single-family homes in Santa Monica reaches a new record high in August at $3,386,000, up ▲16% from a year earlier. If we look back five years, the average sale price is up ▲44.76%, when the average sale price was $2,339,070.
The average price per square foot paid for single-family homes this year has also reached a new high at $1,219 and is up ▲42% versus 2013 when the average price per square foot was $860.
In August 2018, the average sales price in 90402 was $3,996,913, up ▲6.8% versus August 2017, 90403 registered $1,613,288, an increase of 6.7% and 90405 came in at $1,686,900, up ▲7.9%.
Santa Monica | Market Overview
| Santa Monica Zipcodes | Active Listings | Avg DOM | Avg List Price | # of Sales | Avg Sold Price | Min Sale | Max Sale |
|---|---|---|---|---|---|---|---|
| 90402 | 32 | 66 | $5.45M | 57 | $4.93M | $1.97M | $11.1M |
| 90403 | 9 | 39 | $3.35M | 18 | $3.19M | $1.33M | $7.25M |
| 90405 | 17 | 50 | $2.18M | 62 | $2.24M | $975K | $4.16M |
| Combined | 61 | 57 | $4.04M | 148 | $3.40M | $975K | $11.1M |
Santa Monica Top of the Charts
144 ADELAIDE DRIVE, SANTA MONICA 90402 | CLOSED 6.4.18
Vintage 1907 Craftsman
The highest recorded sale in Santa Monica thus far this year is a charming home with modern upgrades that pay homage to its original Craftsman character. Situated on a 20,236 square foot lot with lush park-like grounds, this 5 bed, 5 bath, 5,501 square foot home features Mahogany and Douglas fir paneling and flooring, a vintage stone fireplace in the living room, gourmet kitchen, and commanding canyon, mountain, and ocean views.
Original List Price: $11,999,000
Closed Sale Price: $11,100,000
Listing Agent: Kate Bransfield, Coldwell Banker Residential
*MRMLS single-family residence average sales in Santa Monica Information is deemed accurate but not guaranteed
Photo Courtesy of Kate Bransfield
