search

The Real Deal Logo

Trending

Glossier founder is buyer of $22M Brooklyn townhouseGlossier founder is buyer of $22M Brooklyn townhouseSwig finds new bottom with DTLA office sale at $94 a sfSwig finds new bottom with DTLA office sale at $94 a sf“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab law“I wouldn’t use it, I would just lock the door”: Landlords pan new rehab lawTides Equities faces three foreclosures in Fort WorthTides Equities faces three foreclosures in Fort Worth
Los Angeles

Submarket Snapshot: Homes in Santa Monica in Q1 2016

Santa Monica (credit: Sotheby's, Curtis Hamlett)
Santa Monica (credit: Sotheby's, Curtis Hamlett)

Per-square-foot home prices in Santa Monica dropped 9 percent in the first quarter of 2016, compared with the same period last year, according to a report by Halton Pardee + Partners. It clocked in at $880.

Sign Up for the undefined Newsletter

Meanwhile, the average home price in the Ocean Park/Sunset Park area  increased just over 10 percent to $2,3.

The inventory level of single-family homes for sale rose slightly to 16 homes. Homes accounted for 54 percent of residential sales, while 36 percent were condos an 10 percent were income properties.

Tags
Santa MonicaSubmarket SnapshotTami Pardee