Because of its agreeable weather, Santa Monica had become a famed resort town by the early 20th century. The city has experienced a boom since the late 1980s through the revitalization of its downtown core, significant job growth, and increased tourism.
The Third Street Promenade is a major outdoor pedestrian oriented shopping district that stretches for three blocks between Wilshire Blvd. and Broadway Blvd. Montana Avenue north of Wilshire is also a quaint commercial street for local residents.
Q1 2024 for the period ending March 31, 2024 per the Multiple Listing Service:
The average single family home sale was $3,875,132 for a 2,537 square foot home on a 7,309 square foot lot. A total of 34 homes sold in an average of 32 days on market.