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What Can I Buy Under $1 Million in Santa Monica?

Posted by janepeters on August 26, 2017
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If you are looking for a single family home in the Los Angeles area then you are going to find few if any under $1 Million in Santa Monica. With its proximity to the ocean and its wealth of things to do, Santa Monica is one of the most desirable areas of Los Angeles in which to live, especially for beach lovers.

Homes for sale in Santa Monica under $1 Million

Currently there are no single family homes for sale in Santa Monica. There are 13 condominium units ranging from $628,000 to $900,000.

To give you an idea of the Santa Monica real estate market so far this year there have been 170 sales of single family homes at a median price of $2,355,640. The lowest sales price was $800,000 and the highest $10,450,000. There are currently 49 homes on the market for a median price of $3,650,000. There were a total of four sold under $1 Million with two under contract.

Condos are going to be your best option if you are drawn to living in Santa Monica.

249 units sold this year for a median price of $1,060,000. The lowest priced unit was $400,000 and the highest was $4,700,000. There are currently 62 condos on the market at a median price of $1,624,500.

Understand that Santa Monica consists for several distinct neighborhoods, the further North (North of Montana) and the closer to the beach (Ocean Park) are the more desirable neighborhoods. Those areas are going to be more expensive.

Other more affordable Los Angeles areas to consider if you need to be near the ocean are Marina Del Rey and Playa Del Rey.

If you are buying a home in the Los Angeles area and want to stay under the $1 Million mark then you may use any of the search boxes on this site to set your criteria by area and price point. Of course if you need assistance don’t hesitate to contact me.

Homes for sale in Santa Monica under $1 Million


What Can I Buy in Los Angeles Under $1 Million

Need Help? Have questions? Fill out the CONTACT FORM or call Jane at 310-351-9208

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