The Santa Monica real estate market

LOS ANGELES - Dec. 17, 2018 - PRLog -- Per Christiano Sampaio, Broker/Owner of loftway, a prominent Los Angeles Real Estate Firm,"  "The Santa Monica real estate market is a complex one, which makes it difficult to truly understand. Sure, like most places in and around Los Angeles and throughout most of southern California, real estate prices are high. But, compared to some other markets, it's actually right in-line with the more affordable. So, let's take a quick look at the Santa Monica real estate market and a little more information about the community itself.

About Santa Monica

Located on the west coast to the west of the city of Los Angeles, Santa Monica is a coastal city. Although it's right in the heart of the action, the population is only about 92,000, smaller than one would think. Santa Monica is home to the Pacific Park, located at the Santa Monica Pier, which is an amusement park. It's also home to the Looff Hippodrome Carousel and Santa Monica Pier Aquarium. Perhaps the most famous spot in the area is Muscle Beach. But, there's also Bergamot Station, which is where you'll find a collection of art galleries.

Advantages of Living in Santa Monica

What's even better, is there are some distinct benefits to living in the city of Santa Monica. For one thing, beach access is never far away. Which means there's all sorts of water and beach activities right nearby. The city of Santa Monica is also home to a growing number of startups, which means more employment opportunities and inspiration to strike out on a new venture of your own.

Perhaps one of the best things about Santa Monica is the fact that it's a small, quiet community. Plus, the citizens are very engaged and transportation isn't much of an issue due to the light rail service.

Santa Monica Real Estate Market

The Santa Monica real estate market is currently in a neutral zone, meaning buyers and sellers are near or at parity. (In other words, it's a balanced market, not favoring either buyers or sellers, presently.) Here's a little more to know about the The Santa Monica real estate market:

1.    Median home value. At this time the median home value in the city of Santa Monica stands at $1,754,900.

2.    Home value appreciation. Over the course of the past year, house values in Santa Monica have increased by about 4 percent. Industry experts predict the trend to continue over the next year at a slightly smaller rate of about 3.4 percent.

3.    The median list price per square foot. Here in the city of Santa Monica, the median list price states at $1,034.

Loftway is a full service Real Estate brokerage dedicated to LOFTS and ARCHITECTURAL homes.in the Los Angeles area.

When it's time to move forward with buying a loft, be sure to contact www.loftway.com, the premier Los Angeles Loft sales company.