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Santa Monica

Situated on the Santa Monica Bay, the city of Santa Monica is bordered on three sides by different

neighborhoods of the City of Los Angeles and by the Pacific Ocean on the west. Santa Monica is home to many Hollywood celebrities and executives, and is a mixture of affluent single-family neighborhoods, condominiums, and apartment buildings housing mainly professionals or students. Partly because of its agreeable climate, Santa Monica became a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism.


With scarcity of land to build and the city’s desirability to live and work, the residential real estate market is a very stable one. Home prices continue to experience an overall combined average annual growth rate of approximately six percent per year over the last decade, have experienced minimal decreases during the most recent economic downturn.


Santa Monica is comprised of several neighborhoods. The most notable residential neighborhoods include:
North of Montana, Wilshire-Montana, Ocean Avenue, Ocean Park, Sunset Park, Midtown, and the Santa Monica Canyon. The following is a residential real estate market performance report for the first quarter of 2016, as well as the last ten years for each of these neighborhoods.

Santa Monica

595 E Channel Rd Santa Monica, CA

$18,500,000 €15,069,009

Residential, Single Family

  • 8 Beds
  • 10 Baths
  • 9,422 SqFt
  •  

Tucked behind gates and hedges on the exclusive East Channel Road in Santa Monica Canyon, this Marmol Radziner design is an architectural masterpiece on a 40,000 square foot lot. This sun-filled two-story home has a double-height living room ancho...

617 Georgina Ave Santa Monica, CA

$12,495,000 €10,177,690

Residential, Single Family

  • 5 Beds
  • 10 Baths
  • 10,114 SqFt
  •  

Situated near the ocean, this contemporary gem has been impeccably redesigned as the ultimate entertainer's dream. The prominent and extraordinarily stylish fa~ade instantly mesmerizes guests upon entering the home. Inside, the interiors are reple...

110 Larkin Pl Santa Monica, CA

$11,000,000 €8,959,951

Residential, Single Family

  • 4 Beds
  • 5 Baths
  • 3,697 SqFt
  •  

Ocean view home with estate sized lot overlooking Santa Monica Canyon (sold for land value). Remodel or build new on a private, gated property located on quiet cul-de-sac within short distance to beach and shopping. This rim-side ocean view home's...

435 Georgina Ave Santa Monica, CA

$9,995,000 €8,141,337

Residential, Single Family

  • 5 Beds
  • 5 Baths
  • 3,701 SqFt
  •  

OPEN HOUSE: Sunday, Jan 21st, 2018, 1:00pm - 4:00pm - Once in a lifetime... A Storybook Home on Approximately ~ acre. An opportunity to own one of the few remaining historic estate properties in Santa Monica. This home is located on one of the most prestigious streets in Santa Monica presents a timel...

OPEN HOUSE

1610 Broadway Santa Monica, CA

$8,950,000 €7,290,142

Residential Income, Apartment Building

  • 15 Beds
  • 16 Baths
  • 11,211 SqFt
  •  

653 Palisades Beach Rd Santa Monica, CA

$6,995,000 €5,697,714

Residential, Single Family

  • 6 Beds
  • 3 Baths
  • 2,431 SqFt
  •  

Located on the Golden Coast of Santa Monica with direct sandy beach access this California bungalow is an incredibly rare opportunity to remodel the existing home or build your dream home. The property currently boasts 2 large separate structures ...

323 21st Place Santa Monica, CA

$6,950,000 €5,661,060

Residential, Single Family

  • 5 Beds
  • 8 Baths
  • 8,180 SqFt
  •  

*** Price Reduction, buy your dream home at the lowest price listed in the area *** Elegant 3 story home built in 1994. First time on the market in 23 years! Proudly presenting 323 21st Pl Santa Monica situated on an expensive super exclusive prem...

1628 Georgina Ave Santa Monica, CA

$6,500,000 €5,294,517

Lot-Land

  •  

Rare double corner lot on quiet location. Current plans available to build 3 level 7688 square feet designed by Patrick Tighe. Permits ready...just need to pay fee. Landscape architectural package available as well.

107 Larkin Pl Santa Monica, CA

$6,495,000 €5,290,444

Residential, Single Family

  • 5 Beds
  • 7 Baths
  • 4,932 SqFt
  •  

OPEN HOUSE: Sunday, Jan 21st, 2018, 1:00pm - 4:00pm - The perfect location with ocean views. Coveted cul-de-sac North of San Vicente. Custom built with over 4,900 sq. feet of living space and spectacular roof top deck. This home offers the perfect prime Santa Monica location close to the ocean. Enter...

OPEN HOUSE

434 22nd St Santa Monica, CA

$6,488,000 €5,284,742

Residential, Single Family

  • 5 Beds
  • 6 Baths
  • 6,263 SqFt
  •  

This beautiful Mediterranean w/contemporary elements is located on one of the prettiest blocks N of Montana & situated on the west side. This home is filled with an abundance of natural light and has an open floor plan that is ideal for entertaini...

603 Ocean Ave 4w Santa Monica, CA

$6,475,000 €5,274,153

Residential, Condominium

  • 3 Beds
  • 3 Baths
  • 2,694 SqFt
  •  

Remodeled Penthouse,one-of-a-kind unique opportunity.Private, exclusive single-level Penthouse condominium with 3 bedrooms/2.5 bathrooms in approx.2,694 sq. ft.Located in prestigious El Tovar by the Sea,one of the most luxurious bldgs. on Ocean Av...

530 17th St Santa Monica, CA

$6,295,000 €5,127,536

Residential, Single Family

  • 6 Beds
  • 9 Baths
  • 7,082 SqFt
  •  

OPEN HOUSE: Sunday, Jan 21st, 2018, 1:00pm - 4:00pm - Montecito meets Santa Monica in this stunning contemporary Spanish redesign, extensively renovated and customized with luxury finishes in a grand three-story floorplan. A gorgeous blend of romantic curves and clean sophisticated lines, with open, ...

OPEN HOUSE

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Market Snapshot

Median sale price as of January 2018


Median rental price as of January 2018

$13,500

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In Santa Monica