Santa Monica Real Estate Market Update
41
Homes Recently Sold
$3,837,700
Average Sale Price
1,521
Average Square Feet
$1,595
Average $/SqFt
34
Average Days Listed on Market
1.25%
Property Tax Rate
Welcome to Santa Monica
Los Angeles’ premiere oceanfront city on a stretch of California’s most famous beach.
There are few cities in California more famous than Santa Monica, the oceanside haven for creatives, executives, actors, and lovers of the sun. Between its bustling nightlife scene and a gorgeous stretch of sand, people who move to Santa Monica often never leave. And with an environment of mountains, canyons, valleys, and beaches that are blessed with the perfect climate all year long, who could blame them?
Throughout its history, Santa Monica has been described by many endearing phrases, among them “City by the Sea,” “Pearl of the Pacific,” “City of Inspiration” and “Jewel of the Sunset Bay.” In 1542, Spanish conquistador Juan Rodriquez Cabrillo dropped anchor in what is thought to be Santa Monica Bay. The day happened to be the religious holiday St. Monica’s Day (May 4), and so Santa Monica was born.
Nowadays, both Santa Monica’s lively downtown and sprawling residential areas are filled with Hollywood executives, actors, finance power players, and, of course, devout yogis and surfers. Real estate opportunities here are the jewel of Los Angeles and are consistently a top-performing investment piece.
Schools
There’s a fantastic mix of public and private schools in the area, so the area is evenly split in terms of which institutions their children attend. If education is important to you, do plenty of research on the local offerings.
For instance, Crossroads School for Arts & Sciences is a private school that focuses heavily on the arts, whereas Pacifica Christian School is more focused on college preparation. Santa Monica High School is the local public high school, while Lincoln Middle and Franklin Elementary School operate as the other local schools for younger kids.
- Santa Monica High School (Samohi)
- Lincoln Middle School
- Franklin Elementary School
- Crossroads School for Arts & Sciences (Private, K-12) — Top Rated
- New Roads School (Private)
- Pacifica Christian (Private
- Wildwood School (Private, K-12)
