Santa Monica Home Prices Up 45% Since 2013

SANTA MONICA HOMES PRICES UP 45% SINCE 2013

The average sales price for single-family homes in Santa Monica reaches a new record high in August at $3,386,000, up 16% from a year earlier. If we look back five years, the average sale price is up 44.76%, when the average sale price was $2,339,070.

The average price per square foot paid for single-family homes this year has also reached a new high at $1,219 and is up 42% versus 2013 when the average price per square foot was $860.

In August 2018, the average sales price in 90402 was $3,996,913, up 6.8% versus August 2017, 90403 registered $1,613,288, an increase of 6.7% and 90405 came in at $1,686,900, up 7.9%.

 


TOP OF THE CHARTS

144 ADELAIDE DRIVE, SANTA MONICA 90402 | CLOSED 6.4.18
Vintage 1907 Craftsman

The highest recorded sale in Santa Monica thus far this year is a charming home with modern upgrades that pay homage to its original Craftsman character. Situated on a 20,236 square foot lot with lush park like grounds, this 5 bed, 5 bath, 5,501 square foot home features Mahogany and Douglas fir paneling and flooring, a vintage stone fireplace in living room, gourmet kitchen and commanding canyon, mountain and ocean views.

Original List Price: $11,999,000
Closed Sale Price: $11,100,000
Listing Agent: Kate Bransfield, Coldwell Banker Residential

*MRMLS single family residence average sales in Santa Monica Information is deemed accurate but not guaranteed.

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Written by Warren Dow
Founder and CEO of Micro Market Media, LCC. Publisher of South Bay Digs and Westside Digs.
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