Defined by its historic pier that stretches out over the Pacific Ocean, Santa Monica has become a haven for tourists and celebrities alike who come to soak up the sun and indulge in a bit of fun. Bordered by some of the most luxurious neighborhoods in Los Angeles, Santa Monica stands out in its own right as a destination where people can live in sprawling oceanfront homes that offer them access to some of the best beaches on the west coast.
While real estate values in Santa Monica have been steadily climbing over the past five years, there has been a slight dip in prices in the last year. This means that buyers who are interested in purchasing valuable property in Santa Monica can currently get a great deal on a home in this city. The median sales price of homes in Santa Monica is currently $1.45 million.
Residents who live in Santa Monica are able to walk to the Santa Monica Pier on a daily basis if they so choose, where they will uncover hidden gems as well as popular locales. The Santa Monica Pier hosts community events, offers a variety of attractions and is loved by visitors and residents alike. Not far from the pier is the Promenade, where there are more delectable restaurants, unique boutiques and delightful entertainment venues to discover.
For an iconic Santa Monica experience, buyers may consider purchasing a luxury home on Ocean Avenue, which runs alongside the Pacific Coast and offers some of the most breathtaking views in the region. It can be competitive to get real estate on this infamous road, but it is well worth the effort.
For more information on Santa Monica real estate and to discover Ocean Avenue listings, contact our experienced real estate team today.
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(all data current as of 2/24/2020)
Listing information deemed reliable but not guaranteed. Read full disclaimer.