90401 is No. 1: Santa Monica had the nation’s highest home price increase

A report from Realtor.com showed the city’s median home listing was more than $3M

TRD LOS ANGELES /
Apr.April 10, 2018 04:00 PM
A postcard circa 1930 and circa 1945 of beach homes along the Roosevelt Highway in Santa Monica, California

Santa Monica may be famous for its tourist throng and historic pier, but there’s another facet to this beachside city: its real estate.

The 90401 ZIP code in Santa Monica posted the greatest gains in median home listing price last year, according to a ranking by Realtor.com. The city posted a 60.7 percent year-over-year increase in median home price, raising the price for a home to a little over $3 million. That increase surpassed other neighborhoods in the state and in New York City.

The West Newton, Mass., 02465 ZIP code was second with a 60.4 percent increase, to a median home listing of $2.22 million. Up the California coast, Palo Alto’s 02465 had the most expensive listing price at nearly $5.6 million. That amounted to a 59.1 percent jump, good for the third spot.

Rounding out the top five were Kattskill Bay, in Upstate New York; and Seattle.

The rankings were calculated based on a comparison of median prices from April 2016 to March 2017, and April 2017 to March 2018.

With its proximity to the Pacific Ocean, Santa Monica has had no trouble attracting some of Tinseltown’s elite. Acting through an entity, “Modern Family” creator Steven Levitan sold his mansion on Woodacres Road for a record-breaking $41 million in September. Just a few months ago, Colony NorthStar chief executive Thomas Barrack sold his home of three years for $34 million.

The neighborhood also has a Marmol Radziner-designed home on the market. With nearly 9,500 square feet, that residence is asking just under $17 million.


Related Articles

arrow_forward_ios
Adam Shekhter and the 1415 5th Street project

WS Communities boosts affordable housing plans in Santa Monica

The 5 priciest residential sales

Here are the 5 priciest resi sales in LA County last week

Clockwise from top left: 1155 Angelo Drive, 1116 Laurel Way, 613 N. Sierra Drive, 32453 Pacific Coast Highway and 705 N. Arden Drive (Credit: Redfin)

Beverly Hills dominates list of top resi sales in LA County last week

Lightstone’s Eugene Rozovsky, Neil Shekhter and a rendering of 1650 Lincoln Boulevard

Lightstone provides $44M loan to Shekhter-owned WS Communities

Pierce Brosnan and his new home in Santa Monica

“The world is not enough,” but for one former James Bond this Santa Monica pad is

Witkoff Group’s Steve Witkoff and a rendering of the project at 500 Broadway

Witkoff Group snags construction loan for Santa Monica luxury development

Universal Music Group CEO Lucian Grainge and a rendering of Colorado Campus Building B

Universal Music Group is expanding footprint at Colorado Campus office complex: sources

Starwood Capital Group CEO Barry Sternlicht and Lantana campus (Credit: Getty Images and Ehrlich Yanai Rhee Chaney Architects)

Starwood Capital set to buy part of Lantana office campus for $220M: sources

arrow_forward_ios
Loading...