Real Estate Market Update for Santa Monica, CA

Video: Real Estate Community Tour for Santa Monica, CA

See Real estate community tour for Santa Monica, CA
Welcome to June's Market Update. Let’s take a look at residential real-estate activity in your area during the month of May. The number of active listings was down 29% from one year earlier, and down 9% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 720-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 15%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 1.4-million dollars. The number of units sold increased more than 125% year-over-year, and increased more than 200% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Santa Monica, CA
Area Information for Santa Monica, CA
  • Population: 93,671
  • Median Age: 41.57 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 5
  • Sales Tax: 9%
  • Population Density: 11,131/sq mi
  • Population Change Since 2000: 11.41%
  • Closest Airport: Los Angeles International
  • Closest College: Emperors Clg-traditional Oriental Med
  • Closest Jr. College: Santa Monica College
  • Median Household Income: $81,665
  • Annual Residential Turnover: 17%
  • Median Home Sales Price: $1,255,000
  • Closest Major Sports Team: Los Angeles Rams
  • Change Avg. Household Income Since 2000: 48.04%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Santa Monica, CA
Median Age: 41.57 Married: 30% Number of Households: 49,247 Households with Children: 7,881
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Santa Monica, CA

      School Name Distance Type Grades School Rating Parent Rating
      Ps1 Pluralistic School 0.3 mi Private K-6 0 0
      Santa Monica High School 0.5 mi Public 9-12 4 4
      Santa Monica-malibu Preschool 0.5 mi Public PRESCHOOL-PRESCHOOL 0 0
      Santa Monica Montessori 0.7 mi Private PRESCHOOL-8 0 0
      Saint Monica Catholic High School 0.8 mi Catholic 9-12 0 4
      St. Monica Catholic Elementary School 0.8 mi Catholic K-8 0 4
      Lincoln Middle School 0.8 mi Public 6-8 5 0
      Pacifica Christian High School 0.8 mi Private 9-12 0 3
      St. Anne Elementary School 0.8 mi Catholic PRESCHOOL-8 0 0
      Crossroads School For Arts And Sciences - Middle And Upper 0.8 mi Private 7-12 0 0
      Santa Monica-malibu Adult 0.8 mi Public UNGRADE-UNGRADE 0 0
      Crossroads School For Arts & Sciences 0.9 mi Private K-12 0 0
      Lighthouse Church, The 0.9 mi Private K-12 0 0
      John Muir Elementary School 0.9 mi Public K-5 3 0
      Will Rogers Elementary School 0.9 mi Public PRESCHOOL-5 4 0
      Santa Monica Alternative (k-8) School 0.9 mi Public K-8 5 0
      Olympic High (continuation) School 0.9 mi Public 9-12 2 0
      John Adams Middle School 1.0 mi Public 6-8 4 0
      Garden Of Angels School 1.0 mi Private PRESCHOOL-1 0 0
      Roosevelt Elementary School 1.1 mi Public K-5 5 0
      Mckinley Elementary School 1.1 mi Public PRESCHOOL-5 4 0
      Edison Language Academy 1.2 mi Public K-5 4 0
      Grant Elementary School 1.3 mi Public PRESCHOOL-5 5 0
      Lighthouse Christian Academy 1.5 mi Private 9-12 0 0
      Franklin Elementary School 1.5 mi Public PRESCHOOL-5 5 0
      Carlthorp 1.6 mi Private K-6 0 0
      New Roads School 1.7 mi Private K-12 0 0
      Canyon Elementary School 1.8 mi Public K-5 5 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Santa Monica, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.