Last updated on March 12th, 2022 at 01:41 am
Despite the fact that some prospective homebuyers may be waiting for signs of a cooling market, luxury real estate gurus in the know believe that prices in Santa Monica will only grow in 2022.
Real Estate Market Overview of Santa Monica
The median price of a Santa Monica home sold for $1.8 million in December 2021, an increase of 34.6 percent from the previous year. Homes in Santa Monica now sell on average after 53 days on the market, down from 65 days the year before. This year, 84 properties were sold in December, compared to 82 previous years, an increase.
Top Neighborhoods in Santa Monica
Wilshire-Montana, north of Montana, and Ocean Park are some of the greatest neighborhoods in and near Santa Monica, California. Consider moving to one of these sought-after neighborhoods.
Downtown Santa Monica
There are private non-profit organizations that work together with the City of Santa Monica in order to administer and operate services and operations in Downtown Santa Monica while also encouraging economic stability, growth, and community life in this special area. Hundreds of establishments are located in downtown Santa Monica to meet your every whim.
Street performers, visitors, locals, diners, moviegoers, and more crowd the neighborhood, making it a hotspot for everyone. Metro Expo Line, which connects Santa Monica and Downtown Los Angeles via light rail, ends at this station.
Both public and private roads and streets crisscross Malibu, connecting its residential and business areas. Malibu is well-served by adjacent cities by canyon and highway routes.
The California Department of Transportation owns and maintains a 21-mile stretch of Pacific Coast Highway (PCH) in Malibu, California (Caltrans). The city works with Caltrans to make PCH safer for all users, including vehicles, pedestrians, and cyclists.
Los Angeles’ Central has pockets that cater to a variety of tastes. a buyer Little Ethiopia, a busy Ethiopian village, and the vast mansions of Lafayette Square make up Mid-City, one of Los Angeles’ most varied districts. Following the main streets, you’ll see the great range of architectural styles. Locals have a strong sense of community and many homes are Craftsman, Spanish Colonial or California Bungalow. Local businesses in this area include Roscoe’s Chicken and Waffles, Sky’s Gourmet Tacos, and Mateo’s Ice Cream & Fruit Bars. A pleasant urban area between Culver City and Downtown Los Angeles, Mid City. If you’ve simply driven along Pico Boulevard and believe you know Mid City, think again!
Ocean Park Boulevard
The Ocean Park Boulevard Apartment Homes are proud to be your new place to call home. Located between the I-10 and Santa Monica College, they are easily accessible. Those who like to live in the moment will enjoy their community’s vibrant location! Professional management, on-site laundry, and local public parks are all features you’ll like. In addition to two-bedroom, studio, and bachelor’s apartments, they also provide bachelor’s studios and efficiency.