Santa Monica Market Reports / By janepeters / March 31, 2012 June 7, 2020 Santa Monica real estate was nowhere near as hard hit as other parts of Los Angeles, and certainly the rest of the country. The median sale price was $825K. Modern, luxury living at the prestigious Waverly building on prime Ocean Avenue. Beverly Hills’ 90210 ranked fourth with a median sale price of $4.080 million. Easy access to beaches and Third Street Promenade. In Santa Monica, CA, 27.5% of people are home owners and an average of 2.1 people occupy each home. Centrally located in Santa Monica, this 2 bedroom, 2 bath unit has new floors, stainless steel appliances, 2 master bed/bathrooms and lots of natural light. Unique. Do not miss this rare chance to live the dream Santa Monica lifestyle in this walkable and bike-friendly area, all located in the Franklin Elementary School district. WHAT DISTINGUISHES IT IN THE BUILDING: A 3rd bdrm complete w/ plans and permits, built-in closet, platform bed & its own heat/AC. The median price of a home in California just set a record at more than $712,000. Spacious. Well-maintained gated building, new stone walkways, new roof, spacious private parking, plus storage, laundry facility, secure mailbox/package area. Multi-level townhome in desirable Wilmont neighborhood, close to excellent schools & Montana Ave. the county median home value of $525,500. The median home value in Santa Monica, CA is $1,210,000. One method that can be used to calculate home affordability is the home price to median household income ratio. Commercial properties are also available. This condo combines the luxury of a Santa Monica lifestyle and the serenity of modern living. A lower than average home price to income ratio means that homes in Santa Monica, CA are more affordable based on the median price of homes compared to home income. This spacious, as is unit, with well-proportioned rooms offers an opportunity to live in one of Santa Monicas most desirable neighborhoods and have the opportunity to add your own creative touches while building equity in your new home. HOA includes EQ insurance. Turnkey convenience in this recently remodeled townhome in the heart of Santa Monica. Bedrooms are separated by a hallway with extensive closet space, a washer/ dryer as well, and huge skylight. Open floor plan with dining nook, refinished bamboo floors, completely remodeled bathroom with custom fixtures, two large walk-in & linen closets (California Closet), new double-paned, environmentally friendly windows /slider to a private balcony, stainless steel appliances, Pottery Barn drapes/hardware, glass built-in shelves, designer lighting, and custom wood blinds throughout. DESIGNER KITCHEN – LARGE CENTER ISLAND, WOLF AND SUB ZERO APPLIANCES, CAESARSTONE COUNTERS. The average sale price per square foot in Santa Monica is $910, down 5.5% since last year. ADDITIONAL PERKS: Alkaline Water Filtration system installed throughout the home. Move in , renovate ,update and /or expand--all are exciting possibilities for this wonderful home. Additional storage in the garage. A powder room, new kitchen with Quartz countertops, SS appliances and pantry completes the first level. HUGE FAMILY ROOM – EXPANSIVE GLASS SLIDING DOORS LEADING TO PRIVATE ENTERTAINER’S YARD, WITH BUILT-IN ISLAND BBQ. With some investment, this home can easily compete with neighboring homes in the 3-million range. Newly remodeled 2 bed, 2.5 bath condo awaits with a vibrant presence! The gracious public spaces include frml lving & dining rms, a den/media rm & powder rm. Privacy Policy. Hermosa Beach 9025 – Average home price: $1,693,500. This unique opportunity to create your perfect home is not to be missed!!! Inviting you into a private courtyard, styled to emulate the feeling of being in a seaside Mediterranean Villa. On average, homes in Los Angeles sell after 59 days on the market. End unit for maximum privacy. Check the ValuesPlease feel free to get in touch with any real estate questions. Use of this Website constitutes acceptance of the Terms of Use and Filter apartments by type, size, price, and amenities, check property reviews, and save your favorites. Upstairs there is an ocean vu bedrm suite and porch w/fpl. By searching you agree to the end user license agreement (TOU). Living at its best at Casa Bay, a group of timeless modern homes designed by well-known architect William D. Brantley. The typical Santa Monica home was listed at $1.6 million in March. Bring your imagination as you wander through this charming home peppered with sweet details and loads of potential. This city had 113 entries in the past 12 months by 8 different contributors. You are immediately drawn in by its charm as you are welcomed with coastal palms, terra cotta tiles, lush foliage, a tiered fountain, and a custom carved wood entryway. Excellent And Spacious Unit In The Heart Of Santa Monica! Foreclosures will be a factor impacting home values in the next several years. compared to 67.25% rented, while See virtual tour. Hardwood floors, Main bedroom with closets galore, ceiling fan and an open floor plan. A report from Realtor.com showed the city’s median home listing was more than $3M Santa Monica luxury living at its finest! Tucked away on a quiet, tree-lined street north of Wilshire, this upgraded 3 bedroom, 2.5 bathroom townhome has much to offer! Home affordability can be a very important factor when determining where to purchase real estate in Santa Monica, CA. This stunning 24 hour doorman, valet parking building has all the amenities, fitness center, pool, spa and underground parking. Located close to all the exciting shops and restaurants that Montana Avenue has to offer and close proximity to the Ocean. OPEN FLOOR PLAN, BRILLIANT LIGHT IN EVERY ROOM. Last update: December 2020 Sources and References Would you like to live and work in Santa Monica? Renovated en suite bathrooms with porcelain tiles, Quartz, and custom cabinetry. On the sunny rooftop deck, you can enjoy the ocean breeze and will be thankful you live in Santa Monica. 3. Continuing towards a natural lit dining area situated adjacent to the chef's kitchen with stainless steel, brand new appliances and quartz countertops. 91367 is the most affordable city, with a median listing price of $774.8K. The median home price in Santa Monica, CA is $1,086,300 and the median household income is $82,123. A lower than average home price to income ratio means that homes in Santa Monica, CA are more … Unit A enjoys 2,405 square feet of living area plus a large garage and roof deck. (Land W' x D':40 x 150), lot zoned R2. The main house includes 3 bedrms & 3 baths, w/ expansive ocn vus, plus wood flrs & voluminous light throughout. Santa Monica 90402 – Average home price: $3,237,500. Entertainer's dream - Completely rebuilt and redesigned in 2011, this California Contemporary feat. Enjoy now or expand in the future to create the home of your dreams. A spacious living room with fireplace and oversized office/den open to a private east facing patio accented by lush greenery. If you're traveling as a family of three or four people, the price person often goes down because kid's tickets are cheaper and hotel rooms can be shared. Two additional second-floor bedrooms and a third, recently upgraded bathroom. The average sale price of a home in Santa Monica was $1.3M last month, down 21.2% since last year. Lifestyle is fabulous from these chic townhomes in the heart of Santa Monica!! Ocean Park home values have gone up 8.8% over the past year and Zillow predicts they will fall -0.2% within the next year. The median sale price in 2019 of a home in the 90048 zip code, which is the statistic on which the ranking is based, was $1.675 million. 1920's Traditional with a vintage vibe ,beautiful hardwood floors, great light and situated in an incomparable location near the ocean and within sight of the bluffs of Palisades Park. The median home price in Santa Monica, CA is $1,086,300 and the median household income is $82,123. The upper level is perfect for a home office or exercise room. Median home price: $920,000. This value is seasonally adjusted to remove outliers and only includes the middle price-tier of homes. Selected houses in the county were appraised that year as part of a survey by the Real Estate Research Council of Southern California, and the average price of the houses appraised was $34,000. Code gated entry. Building is a co-op, buyer to assume corporate mortgage. Don't miss this restored 1915 Santa Monica Canyon Craftsman revival home! Within close proximity to Brentwood, the Beach, Montana and some of the best restaurants and shopping. Subterranean gated garage. Apple and Google are owned by their respective owners. Recently completely remodeled new chefs kitchen with custom cabinets, new range and appliances, and Carrera marble countertops. Homes in Culver City receive 4 offers on average and sell in around 45 days. The Upstairs features 3 bedrooms and 2 baths. WHAT YOU'LL LOVE MOST: 4 levels of impeccable Designer Done finishes setting the foundation for easy living in high style. 1: Santa Monica had the nation’s highest home price increase. Additionally, there is also a dedicated formal dining room, den, and sunroom with French oak flooring throughout. Xome Inc./Xome CT LLC The primary suite includes a balcony, walk-in closet and spa-like bathroom w/ separate tub, shower + dual sinks. The median home price for homes in Santa Monica, CA is $1,086,300, which is 165% higher than the California average. Median household income: $96,677. The very spacious lower level has family room with wet bar for more entertaining, walking wine cellar, a gorgeous media/theater room with 120 inch screen, gym/fitness room, a complete bedroom, a laundry room with cabinets and even a bonus room. Accessibility Statement. Spectacular building w/ 24-hour concierge, state of the art gym, storage, side x side parking, Starbucks and the 5th-floor Sky Bridge lounge - the perfect place to entertain with full kitchen, BBQ, fireplace and panoramic views of the Pacific Ocean. Light and bright Top floor 1+loft (2nd bedroom) located in north of Wilshire.A wonderful way to spread your wings in this exceptional find in coveted area of Santa Monica. Within steps to Virginia Park where you can enjoy the Farmer's Market, and within a close proximity to lots of dining , SMC College, Freeway and grocery stores. This is hefty, but it’s $300,000 cheaper than the median listing price for the previous month. had the third highest median sale price in the nation — $4.154 million. The spacious main bedroom has a vaulted ceiling, balcony, walk-in closet and bath with double vanity. The median home value in Santa Monica, CA is $. 0:00 3:00:00. As of the 2014 census, the city population was 92,987. Santa Monica Housing: Median home price: $827,729: Home price gain (2-5 year gain) 21.99%: Santa Monica Education: Colleges, universities and professional schools (within 30 miles) 49: Junior colleges and technical institutes (within 30 miles) 36: Santa Monica Quality of Life: Personal crime risk (100 is national average, lower is better) 189: Property crime risk (100 is national average, lower is better) … A large window and access to the deck will give you a new outlook about working from home. There are three townhomes available with three unique floor plans. Approximately 24.98% of Santa Monica homes are owned, Freshly renovated bathroom with standing shower, spa tub and double sink vanity. An oversized living and dining area with marble fireplace is flooded with natural light from the sliding doors that lead to a private patio. Find Remote Job. A spacious living room is perfect for a workspace access to a cozy balcony. 4 beds + 3.75 baths and 2,721 sf of living area in a prime Sunset Park area of Santa Monica. Incredible opportunity to own, arguably, the best unit in the entire building in the highly coveted prime North of Wilshire Santa Monica area. The median listing price per square foot was $982. ft. for Santa Monica CA was $890, an increase of 9.7% compared to the same period last year. The median home value in Santa Monica, CA is $ 1,212,500. The home affordability ratio is calculated by dividing the median home price by the median home income. Several additional living areas include a spacious family room, dining room, kitchen and three balconies. On the main floor there is a guest bedroom. Prime Santa Monica Townhouse that offers 3bdrms/3baths and almost everything a Single-Family Home has to offer without the extra maintenance! The renters in the city have an income of about $68,349, which would make their monthly maximum allowable rental costs $1,595. Santa Monica cost of living is 304.5 Use the home affordability calculator below to see exactly how much you can afford to pay for real estate in Santa Monica, CA. On the 1st floor, the renovated property features a well-appointed kitchen with Thermador appliances, custom cabinetry, Quartz countertops, and French doors opening to a west-facing patio. Average Monthly Net Salary (After Tax) 6,540.71 $ Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate : 4.66: 4.50-5.00: Prices in Santa Monica, California. 90401 is No. Whether you are looking for a 1 bedroom apartment near you, or anywhere in the U.S., we can help you find a home you'll love. WHAT SEPARATES IT FROM THE PACK: Secure entry to parking garages w/ direct entry to unit, a separate x-Large Bonus room that houses a Laundry area, Extra storage closet, Office area and Infrared Sauna. Zillow has 51 homes for sale in Santa Monica CA matching Beach House. This results in a home price to income ratio of 13.2x, which is 106% higher than the California average. An amount below 100 means Santa Monica is cheaper than the US average. A beautiful Chef's kitchen configured with a large center island, custom made cabinetry and high-end appliances such as Wolf, Sub-Zero and Miele pus a very spacious breakfast nook. Sunset Park's brand new architectural luxury townhomes with private 465 sf garages and 375 sf rooftop decks located 10 blocks to the beach with terrific walkability. This is Proximity to Montana Ave, Franklin Elementary and Lincoln Middle Schools, and UCLA Santa Monica Medical. Santa Monica, CAMarket Update $2,050,000Median List Price$1,225,000Median Sale Price226Homes For Sale69Homes Sold93Days on MarketCurious about home values in this area? The building has been updated with control access, a gated pool, community laundry and spacious covered parking. Main level with formal living, dining, family rooms plus study/office, all with detailed hight ceilings and two powder rooms. The largest increases were found in Transportation, Food, and Housing. The primary suite includes its own private bath, as well as breathtaking views. The Culver City housing market is somewhat competitive. First floor , natural light, windows on three sides, Detached garage. Create your home office in the inviting den space. powder room with laundry unit. The median home value in Ocean Park is $1,498,061. Xome Inc. All rights reserved. 90403 home values have gone up 7.7% over the past year and Zillow predicts they will rise 4.6% within the next year. Dramatic. The average sale price of a home in Culver City was $1.13M last month, up 16.6% since last year. HOA dues are approximately $1839.49 co-op loan approximately $2235.53 Total $3874.93 monthly. Single family home prices in Santa Monica have ranged from $150,000 to $11,650,000, a huge differential, but the median price is the middle ground where 50% of homes sold above that price and … The second level features a laundry room and bedroom with ensuite bath. Santa Monica is a city in Los Angeles County, California. 6 units total in the building and the lowest HOA in the area. This home currently features 3 bedrooms and two bathrooms which includes an un-permitted 1 bed/1 bath. Santa Monica real estate listings include condos, townhomes, and single family homes for sale. 2-car garage accessed from the alley with a remote controlled gate for security and privacy. Snapshot of the Westside LA Real Estate Market Santa Monica Average price per sq. Low HOA with earthquake insurance. The guesthouse has 1 bedroom, kitchen, family room and bathroom, and is ideal for visitors. A general overview of the Santa Monica, CA real estate market is displayed above. Buyer/ Buyer's representative(s) to verify square footage and all property information through personal inspection with appropriate professionals. Main Street is just a short walk or bike-ride away and offers countless dining, shopping, and nightlife options. New flooring throughout, cabinets, fixtures, and window coverings. Double doors open to a spacious living/dining area with new flooring. ft. ... Santa Monica, CA Average Rental Price, December 2020 $3,590 /mo; Santa Monica, CA … Typical Home Prices For Single Family Residences and Condominiums. The median home value of single family homes and condos in 90403 is $1,490,033. Interior updated in1920"s decor. compared to 67.25% rented, while The median list price of homes in Los Angeles, CA was $950K, trending up 8.4% year-over-year. French doors open to a secluded patio and backyard with jacuzzi. Homeowners in Santa Monica have a median income of $135,394. There is also a two car garage as well as two surface parking spaces. Huge media room with separate bath and shower. Laminate flooring with radiant heating throughout this Santa Monica gem. Charming court yard in a 9 unit complex, low dues, truly a must see! a serene garden patio off the Living area w/hammock & additional seating, and a spacious Rooftop Deck featuring a dining/BBQ/"living room" lounge area, all w/ 360 treetop views. Short distance to the California incline, the Santa Monica Pier, Montana Ave, 3rd St Promenade, and the beach. Lincoln Heights/Montecito 90031 – Average home price $458,500 +14.6%. A vacation to Santa Monica for one week usually costs around $1,174 for one person.So, a trip to Santa Monica for two people costs around $2,347 for one week.A trip for two weeks for two people costs $4,695 in Santa Monica. Second floor amenities include 2 large bedrooms with walk-in closets, additional sliding door closet in the master, elegant full bathrooms and large windows. Second level with master bedroom/bath with two closets and a great balcony overlooking the grassy lawn and and pool/spa plus three en suites and a laundry. Tall windows, 2 patios, & soaring beamed ceilings with a skylight brighten the space. Another benefit to this unit, it is not located at street level. Average median list price in 2019: $1,779,999; Average home value in 2019: $2,635,856; Difference in home value and list price: $855,857; The average number of homes on ... difference between home value and median list price, with the highest being the worst; (3) the average total houses on the market in 2019, with more being worse; (4) average number of days … Experience ocean breezes and lots of sunlight from these beautifully designed units. www.428HillStreet3.com. Close proximity to Virgina Park, Farmer's Market, WholeFoods 365, Coveted SM Schools. Great Location! An exquisite offering of a property not seen on the market in better than half a century. A pristine kitchen with updated appliances that leads onto a living space that has an 18 foot ceiling, cozy fireplace and plenty of balcony space to appreciate the ocean breeze.The unit boasts a huge master bathroom suite with walk in closets, en-suite bath/dual sinks - separate tub/shower. ... Music, News & Culture KCRW Live Live streaming music, news & culture from KCRW Santa Monica Playlist. The cooks kitchen includes granite countertops, abundant storage and newer appliances. 90210: Beverly Hills (LA County): $3.750 million median sale price 5. “We have a housing market that is on fire,” says Paul Habibi, a lecturer on real estate at UCLA’s Anderson School of Management and an expert witness for Grayslake Advisors. City Terrace 90063 – Average home price: $320,000 +18.5%. Beautifully remodeled, light-filled Ocean Park condominium with gated access to home and parking. Please adhere to COVID Protocals, wear a mask. Restaurants, charming shops, excellent school district and half a block from Lincoln Middle School. Chef's kitchen opens to the dining area overlooking the large patio which is perfect for alfresco dining. The national median home value is $185,800. Direct access to your extended 2 car garage with tons of storage space and an extra third spot in front of your garage door. This large unit is a match for buyers seeking a private and quiet lifestyle one block from Main St., and two blocks from the beach. Median Price for Vacant Units (Year: 2015)$1,883,270Median Home Value (Year: 2015)$1,228,600 (State: $449,100) Accessibility Adjustments ... Home Valuation; Mortgage Calculator; Glossary; ... About Us; Santa Monica, Los Angeles County, California. Additional upgrades include recessed lighting throughout and hardwood floors in the living room, dining area, hallways and bedrooms. Chefs kitchen with custom cabinets, SS appliances, Caesarstone counters, and wine fridge. STUNNING NEW CONSTRUCTION built in 2020 in the prestigious north of Montana neighborhood featuring 5 bedrooms and 8 bathrooms with approximately 6200 square feet of living space. High ceilings and large windows make for an abundance of natural light. The mster suite enjoys ocn vus & offers a sumptuous bath w/ marble counters & dbl sinks. Santa Monica Housing Market Information. Premier Santa Monica location, moments from the Beach, SM Pier, Main St, 3rd Street Promenade and more. The average sale price per square foot in Culver City is $704, down 3.0% since last year. By using Salary.com's Cost of Living Calculator , you can make a cost of living comparison of the Consumer Price Index ( CPI ) and salary differentials of over 300+ US cities. Two sets of sliding doors lead you to a large sunlit balcony creating an indoor/outdoor living experience. In Ocean Park 0.0 homes are foreclosed (per 10,000). Housing in Santa Monica, California The median home cost in Santa Monica is $1,698,700. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. a large master bedroom with vaulted ceilings, walk-in closet, and gorgeous master bath with dual sinks and oversized shower. 1920's Spanish style building. Home appreciation the last 10 years has been 53.0%. The average price of homes sold in Santa Monica, CA is $1,210,000. Perfect for the buyer who loves homes true to the1920's period . This means that real estate in the Santa Monica, CA area is generally less affordable than the rest of California. If you have to work from home this is your lucky day. Upstairs, a large skylight brightens the landing. All systems were installed new including central Air Cond, high fidelity speakers throughout the entire house, dual pane windows, copper plumbing, roof, and more. Courtesy: Keller Williams Realty Westside, Courtesy: Berkshire Hathaway Homeservices California, Courtesy: Keller Williams Realty Calabasas, Inquire About This Property, xomemail@xome.com, 844-400-9663. CLOSE TO RESTAURANTS AND TRADER JOES. Take in the Santa Monica lifestyle in this contemporary 1 Bedroom +1 Bath garden condo. Upstairs has three bedrooms, includ. This wonderfully laid out unit is essentially a single-family home, as it features the only fully private and direct access 2 car garage (plus ample storage) in the building! Kitchen w/ stainless steel appliances, newer cabinets, wine rack and granite countertops open to a dining area. ARCHITECTURAL MASTERPIECE IN SUNSET PARK. This is higher than the county median home value of $ 525,500. From luxury houses to affordable condos to urban townhomes, there are many different types of real estate in Santa Monica, CA. The median listing price per square foot was $555. This is hefty, but it’s $300,000 cheaper than the median listing price for the previous month. Marina Del Rey 90292 – Average home price: $2,157,500 +23% Walkable to beach, shopping, restaurants, and all Santa Monica has to offer. The average Santa Monica, CA 1 bedroom apartment size is 386 sq. Is calculated by dividing the median price of a home office or exercise room average home price $ +14.6... Un-Permitted 1 bed/1 bath this wonderful home dividing the median home income at Casa Bay, a washer/ dryer well... Around 45 days marina Del Rey 90292 – average home price: $ 2,157,500 +23 % median home income Santa! Turnkey convenience in this area loads of potential and loads of potential sleeping! 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