West LA Real Estate Sales Report

Santa Monica, CA

The Santa Monica, CA housing inventory in September stayed level coming in at 223 properties made available. Of the 223 properties available, 82 were single-family homes and 141 were condos/townhouses. Santa Monica single-family homes stayed on the market for an average of 100 days, while condos/townhouses averaged 104 – substantially longer then the previous few months. The single-family home $/Sqft median price in July was $1038/Sqft – a slight increase from the previous month. Condos and townhouses median $/Sqft price for September was $797. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. The median listing price in Santa Monica went up from August to September. There were a total of 0 price increases and 2 price decreases.

Venice, CA

The available inventory in September for Venice, CA was 95 properties. 69 of the available Venice properties were single-family homes and 26 were condos/townhouses. Single-family homes were on the market for an average of 115 days while condos/townhouses have been averaging about 107 days before purchase. The median $/Sqft price of a single-family home was $1069, while condos and townhouses were at $690. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. The median listing price in Venice went down from August to September. There were a total of 0 price increases and 0 price decreases.

Pacific Palisades, CA

September’s available inventory was 139. Of the 139 available properties, 107 were single-family homes and 32 were condos/townhouses. Single-family homes in the Pacific Palisades area have been staying on the market for about 113 days. Condos and townhouses have been on the market for about 99 days. Again, properties are staying on the market much longer then previous months. In September, single-family homes had a median $/sqft price of $1,013/sqft. Condos and townhouses median $/sqft price was $608. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. The median listing price in Pacific Palisades stayed the same from August to September. There were a total of 0 price increases and 3 price decreases.

Culver City, CA

The inventory in Culver City for September was at 118 available properties. Of the 118 properties made available in Culver City, CA 69 were single-family homes with a median $/sqft price of $641. Single-family homes have stayed on the market an average of 93 days. Condos and townhouses accounted for 49 of the available properties in Culver City. The median $/sqft price was $445. Condos and townhouse in Culver City have been on the market for an average of 89 days. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in September. The median listing price in Culver City went up from August to September. There were a total of 0 price increases and 4 price decreases.