re: On Feb 13th Santa Monica is voting on a proposal that could change housing in CA forever

From Redfin:

Santa Monica, CA Housing Market
Homes for sale

The Santa Monica housing market is somewhat competitive. Homes in Santa Monica receive 2 offers on average and sell in around 60 days. The median sale price of a home in Santa Monica was $2.0M last month, up 29.9% since last year. The median sale price per square foot in Santa Monica is $1.06K, up 2.6% since last year.

Santa Monica Housing Market Trends
What is the housing market like in Santa Monica today?

In December 2023, Santa Monica home prices were up 29.9% compared to last year, selling for a median price of $2.0M. On average, homes in Santa Monica sell after 60 days on the market compared to 47 days last year. There were 28 homes sold in December this year, down from 40 last year.


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And this from Rentcafe site:

Santa Monica, CA Rental Market Trends
What is the average rent in Santa Monica?

The average rent for an apartment in Santa Monica is $3,956. The cost of rent varies depending on several factors, including location, size, and quality.

Last updated November 2023

What is the average apartment size in Santa Monica?

The average size for a Santa Monica, CA apartment is 769 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Santa Monica, CA Occupied Housing Units

33,344 or 71% of the households in Santa Monica, CA are renter-occupied while 13,320 or 29% are owner-occupied.