August 30, 2025 Breaking News, Latest News, and Videos

Large Properties Drive-up Santa Monica Home Sales Amid Pandemic

Annual report shows single-family home sales rising

By Sam Catanzaro

Interest in large properties with five-bedrooms or more helped drive-up single-family home sales in Santa Monica and the surrounding area amid the pandemic. So who is buying these properties?

A recent report titled The Red Paper 2020 Press from real estate firm The Agency finds that single family-homes in Pacific Palisades and Brentwood rose 14 percent the past year. In Santa Monica, single-family home prices rose 13 percent.

According to the report, home sales declined at the start of 2020 but this soon changed.

“By summer, sales of single family homes were on the rise…2020 saw a surge in buyers from across Los Angeles seeking larger, multi-generational, homes with five or six bedrooms, dual offices, homework rooms, gyms, expanded backyards and guest homes,” the report reads. “By fall and winter, buyers from across the country, specifically from New York City, returned to the market seeking solace from winter and room to play, live, work in the comfort of home.”

Looking ahead to the rest of 2021, the report predicts a strong year ahead for both Santa Monica and the Westside in both the single-family and condominium markets.

“New build, single-family homes that halted construction during the pandemic and did not sell prior to completion will be delivered, bringing fresh inventory to a market of buyers looking for turnkey, move-in ready homes,” the report states.

Elsewhere on the Westside, the ‘Beach Cities’ – defined as Venice, Playa del Rey, Marina del Rey, Redondo Beach, Manhattan Beach and Hermosa Beach – saw a 9 percent increase in single-family home sales and median prices over 2019 levels.

<>Related Posts

Muscle Beach Championship Returns to Venice on Labor Day

August 29, 2025

August 29, 2025

The event will feature competitions across categories including bodybuilding, bikini, men’s physique, classic physique, angel bikini, and couples The iconic...

Film Review: Relay

August 28, 2025

August 28, 2025

FILM REVIEWRELAYRated R112 MinutesReleased August 22nd This movie plays like a chess game, mentally and physically – on foot and...

Santa Monica’s E-Bike Voucher Program Marks One-Year Milestone

August 28, 2025

August 28, 2025

A city blog post highlighted personal impacts, with one family avoiding a second car purchase for a commute to Burbank,...

Westside Classics Car Show Set to Roll into Venice Beach

August 28, 2025

August 28, 2025

The show will feature a curated lineup of vintage sedans, low-slung cruisers, and unique custom builds The Westside Classics Car...

Westside Chefs Shine at the Manhattan Beach Food & Wine Festival in September

August 28, 2025

August 28, 2025

South Bay’s Culinary Festival Returns With Two Nights of Food, Wine, and Music Santa Monica, Westchester, Los Angeles, and West...

(Video) Public Transit Returns to Pacific Palisades

August 27, 2025

August 27, 2025

The Return is Part of a Broader Summer Overhaul, Aiming to Boost Connectivity Across the Westside Public Transit Returns to...

Raising Cane’s Plans New Location on 3rd Street Promenade

August 27, 2025

August 27, 2025

The move marks the chain’s latest expansion in California Louisiana-based fast-food chain Raising Cane’s confirmed to the Santa Monica Mirror...

(Video) Come Tour The Willows Community School!

August 27, 2025

August 27, 2025

Sign up for a tour at The Willows and come see what makes our school such a vibrant, inspiring place...

Search Underway for Missing 14-Year-Old in Santa Monica Mountains

August 27, 2025

August 27, 2025

The sheriff’s department considers Wind a habitual runaway and is urging the public to contact Detective Aquino The Los Angeles...

Army Corps Nears Completion of Palisades Wildfire Cleanup

August 26, 2025

August 26, 2025

Debris removal began in late January with the Environmental Protection Agency handling hazardous materials, followed by Army Corps-led crews tackling...

Opinion: Jim Harris Wants to Change the Way You Think About Santa Monica Pier

August 26, 2025

August 26, 2025

For 36 years, I have spent almost every day walking these cool old deck boards on the Santa Monica Pier....

Santa Monica Police Department Announces Overnight DUI Checkpoint This Week

August 26, 2025

August 26, 2025

Checkpoint Will Run From 6:00 p.m. To 2:00 a.m. at an Undisclosed Location The Santa Monica Police Department will operate...

Rally Against SB 79 Draws Crowds in Palisades

August 26, 2025

August 26, 2025

The bill, which advanced through Senate and Assembly committees, faces review by the Assembly Appropriations Committee this week, with a...

Abbot Kinney Festival Canceled for Second Straight Year

August 26, 2025

August 26, 2025

Organizers expressed hope that the additional time will allow them to restructure and deliver a more vibrant event in 2026...