Santa Monica, CA

Population: 92,472
Average annual home appreciation rate: 13.76%
Total of homes for sale in this market: 248
Median home price: $1,263,670
Median Rent: $1,828 per room
Home price range: 49.99% of homes are greater than $1,139,000
Median sales price: $1,081,500
Number of homes: 60
Median foreclosure sales price: $954,500
Foreclosure discount: T $127,000 ( 11.7%
Most common home type: 65.36% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 7.62%
Number of renters: 71.05%
Number of owner occupied: 28.95%
Number people living below poverty level: 11.87%
Unemployment rate: 5.90%
Is this area perfect for real estate deals going on right now? Importantly, this makes Santa Monica one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

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