Santa Monica is a world-renowned beach-front city in Los Angeles County that features a plethora of high-end homes and wonderful entertainment options. It has a population of just under 90,000 spread out over nearly 8.5 square-miles.
Santa Monica homes for sale routinely attract prices of a million dollars are more, but it’s worth noting that Santa Monica real estate is generally a bit more affordable than some of L.A.’s other luxury neighborhoods like Bel Air, Beverly Hills and Brentwood. In September 2013, the median price of all current listings in Santa Monica was $2.4 million, and the median purchase price was $2,187,500. That is nearly five times that of the median price for all homes in California.
The most prestigious and expensive neighborhood of Santa Monica is north of Montana Avenue and is within walking distance to the beach. Here, it is not unusual to find homes priced in the $3-5 million range. These are wonderful pieces of property that puts at your disposal all that Santa Monica has to offer. In all, there are just over 50,900 housing units in Santa Monica.
As of 2011, the median household income of Santa Monica was $66,747. A large majority of Santa Monica residents (64.7%) also hold advanced degrees. The most common occupations in Santa Monica are accountants and auditors (40%), protective service workers (19%) and post-secondary teachers (14%).
Santa Monica was incorporated in the mid-1880’s, and it wasn’t long before it became a world-famous resort town. With its wonderful weather, even by Los Angeles’ high standards, and its array of entertainment and recreation opportunities, Santa Monica has for decades now also been a top option for Southern California homebuyers. Among the more notable and well-known attractions of the city is the iconic Santa Monica Pier and the Third Street Promenade.
The Santa Monica Pier was built in 1909 and today is home to the Pacific Park amusement center, while also continuing to be a wonderful place to go fishing. Pacific Park has entertained millions during its history with its large Ferris wheel, 1920’s carousel and variety of shops and restaurants.
The Third Street Promenade is located in Santa Monica’s downtown district and has proven wildly popular among residents and tourists alike. It is an open-air, upscale shopping, dining and entertainment complex near the beach that draws crowds from throughout the Greater Los Angeles area and beyond.
As for the education system in Santa Monica, there are several publicly-run elementary and middle schools, and two high schools (Olympic High School, Santa Monica High School). The city also boasts nine private schools, as well as Santa Monica College, a junior college with an enrollment of more than 30,000 students.
Santa Monica is a truly wonderful city that offers the absolute best of Southern California living. It can be access via the Santa Monica Freeway (Interstate 10), and soon there will even be a light rail system that connects Santa Monica with the rest of the greater Los Angeles area.