Submarket Snapshot: Homes in Santa Monica in Q1 2016

Los Angeles /
May.May 25, 2016 05:00 PM

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.

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.


Related Articles

arrow_forward_ios
WS Communities' Scott Walter and NMS Properties' Neil Shekhter with rendering of 3030 Nebraska Avenue
Shekhter’s WSC to list 2,000-unit Santa Monica builder’s remedy project
Shekhter’s WSC to list 2,000-unit Santa Monica builder’s remedy project
BLT's Rob Solomon and BMW Designworks' Holger Hampf with 1601 Olympic Boulevard (BLT Enterprises, BMW Designworks, LoopNet)
BMW’s design studio shrinks footprint with drive to Santa Monica
BMW’s design studio shrinks footprint with drive to Santa Monica
Neil Shekhter (Photo-illustration by Paul Dilakian/The Real Deal; Shekhter photo by Kevin Scanlon)
Builder’s justice: How a legal loophole could reshape California
Builder’s justice: How a legal loophole could reshape California
WSC CEO Scott Walter and 1433 Euclid Street in Santa Monica (Getty, WS Communities, Google Maps)
Demolition notice posted at WSC builder’s remedy site
Demolition notice posted at WSC builder’s remedy site
WS Communities’ Scott Walter with Rendering of 1238 7th Street in central Santa Monica
WSC files first full builder’s remedy application in Santa Monica
WSC files first full builder’s remedy application in Santa Monica
J.P. Morgan's Mary Callahan Erdoes and Water Garden at 1620 26th Street in Santa Monica (Getty, Water Garden LA)
Water Garden asking price: $1.4B
Water Garden asking price: $1.4B
California Housing
California dominates list of country’s priciest zip codes
California dominates list of country’s priciest zip codes
From left: Neil Shekhter and WSC Communities' Scott Walter with 2901 Santa Monica Boulevard (Google Maps)
WSC lists three builder’s remedy-approved projects in Santa Monica
WSC lists three builder’s remedy-approved projects in Santa Monica
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...