August 9, 2022 Breaking News, Latest News, and Videos

Santa Monica Real Estate Market Update: Mid-February:

As of the end of mid-February 2012, there were 135 Santa Monica condos/townhomes listed in the Multiple Listing Service (M.L.S.). Thirty-two have sold so far this year, and there are currently 70 condos/townhomes in escrow in Santa Monica.

Median sale prices are currently $730,000, which is up 11 percent over the same period last year. The average sale price per square foot has increased by 24 percent as compared with the same period in 2011, and is now at $726 per square foot.

The lowest-priced available condo is a one-bedroom, one-bath on Lincoln at $219,999. The highest-priced condo is a three-bedroom, 4.5-bath penthouse on Ocean Avenue, which is listed at $5,900,000.

The lowest sale price so far this year was a one-bedroom, one-bath on Stanford, which sold for $285,000 as a bank-owned property. The highest sale so far this year was a five-bedroom, seven-bath penthouse on Ocean Avenue, which sold for $10,500,000.

Michael Edlen has provided real estate counseling services for 25 years. He is ranked in the top 50 of Coldwell Banker agents nationwide. He can be reached at 310.230.7373 or Michael@MichaelEdlen.com. More information is available on MichaelEdlen.com.

in News
Related Posts

Santa Monica Obtains Injunctions Against Landlords in Section 8 Voucher Discrimination Lawsuit

August 8, 2022

August 8, 2022

Judgment requires landlords to accept voucher, pay $20,000 in restitution  By Sam Catanzaro The Santa Monica City Attorney’s Office has obtained...

Local Nursing Home Tells Wrong Patients Family Their Loved One Died: Santa Monica Beat – August 8th, 2022

August 8, 2022

August 8, 2022

Local news and culture in under 5 minutes.* Local Nursing Home Tells Wrong Patients Family Their Loved One Died* Santa...

Mixed-Use Downtown Apartment Complex Has Highest Rents in City: Santa Monica Real Estate Report – August 8th, 2022

August 8, 2022

August 8, 2022

Property, Developments, and Listings on the Westside.* Mixed-Use Downtown Apartment Complex Has Highest Rents in City* Gardening Tips for Fall*...

Brentwood-Adjacent Residential High-Rise Complete

August 8, 2022

August 8, 2022

The first high-rise residential development built west of the 405 in over 40 years is now leasing luxury apartments. Learn...

Supervisor Holly Mitchell Calls for Update of Marina del Rey’s Vision Statement

August 5, 2022

August 5, 2022

By Dolores Quintana Marina Del Rey is now considered part of District Two in Los Angeles County and now falls...

Meridian Building Sells in Santa Monica for $18 Million

August 5, 2022

August 5, 2022

Redcar Properties buys Santa Monica office at 1448 15th Street By Dolores Quintana Redcar Properties purchased a second property in...

Pier Vendors File Civil Rights Class Action Law Suit Against City of Santa Monica

August 5, 2022

August 5, 2022

Class action lawsuit alleges that the city is depriving minorities with low incomes of their vehicles By Dolores Quintana A...

LA City Council Votes to Ban Homeless Encampment Within 500 Feet of Schools

August 4, 2022

August 4, 2022

Final vote expected next week By Dolores Quintana and Sam Catanzaro Los Angeles City Council this week took steps to...

Coming Soon: Third Annual Century City ‘Rock & Roll Casino Night’

August 4, 2022

August 4, 2022

Proceeds from the August 25 event support Chamber programs and services for the business community  By Susan Payne  The Century...

Santa Monica Restaurant Holding Seafood Festival

August 4, 2022

August 4, 2022

Dia del Pescador comes to Socalo August 4-7 By Dolores Quintana Socalo Restaurant in Santa Monica is holding a special...

Nate ‘n Al’s Deli Reopens Renovated Indoor Dining Area

August 4, 2022

August 4, 2022

Longtime deli reopens indoor dining for first time since pandemic  By Dolores Quintana The iconic Nate ‘n Al’s Deli has...

Santa Monica College Named One of 40 Best Film Schools in U.S. and Canada

August 2, 2022

August 2, 2022

SMC alongside Stanford University, UCLA, USC, ArtCenter College of Design, and California Institute of the Arts, among others  Santa Monica...

Music Director Roger Kalia Renews Contract With Orchestra Santa Monica for Another Three Years

August 2, 2022

August 2, 2022

“I am grateful and honored to continue and deepen my relationship with Orchestra Santa Monica for the next three years,”...

Final Vote Set for Ban on Homeless Encampments Near Schools

August 2, 2022

August 2, 2022

LA City Council to vote on bill that would ban homeless encampments within 500 feet of schools and daycare centers...