Strong Housing Report In Sunset Park – Santa Monica

Strong Housing Report In Sunset Park – Santa Monica

Sunset Park in Santa Monica is still experiencing a very strong real estate market. Out of more than 2700 single family homes in the neighborhood, there have been 57 homes that have been purchased this year alone – the highlight a newly constructed home on 16th Street that fetched over $2M.

However, 30 of the homes sold were all under $1M. and most of them were in the price bracket of $700,000 – $800,000. These homes were primarily fixers and were sold for land value.

There are currently 19 single family homes for sale in Sunset Park, Santa Monica with more than half of them priced between $700,000 – $900,000. A majority of these homes will wind-up being in categories of small square footage, needing updating/rennovations or being sold for land value.

There are some great values to be had right now that are well-sized family homes in prominent Sunset Park locations in the range of $1.4M -$1.8M.

 

If you need additional information or would like to inquire on what is currently available in the Sunset Park and the neighboring areas, please do not hesitate to contact Santa Monica realtor Gary Limjap.

 

Santa Monica City Hall Fights To Keep RDA Funding

The City of Santa Monica is joining other cities in fighting Gov. Jerry Brown’s planned use of Redevelopment Agencies funds to close the States multi billion dollar budget gap. Click on the link below to read the article.

City Hall fights to keep RDA funding

 

Santa Monica City Council Rejects Disclosure Proposal

The Santa Monica City Council has rejected a proposal for council members to disclose on whether a developer has contributed to their campaign before they are able to participate in a major decision that affects the developer.  Click on the link below for the full article.

City Council rejects disclosure proposal after some debate