Santa Monica is a coastal city located in Los Angeles County, California. The city is bounded by the Pacific Ocean to the west, the San Fernando Valley to the east, Venice Boulevard and Third Street to the north, and Wilshire Boulevard to the south.
The city is home to the headquarters of the Walt Disney Company, DreamWorks Animation and the NBCUniversal owned networks including NBC, Telemundo, Bravo, USA Network, SyFy, and Lifetime. The ABC television network maintains offices at the Burbank studios. The city is also the headquarters of Warner Bros., Time Warner, ViacomCBS, and AT&T.
The city is a popular tourist destination, especially in summer, due to its warm climate, mild weather, proximity to Hollywood, and beautiful beaches.
Santa Monica is also known as the "Venice of America", due to the large number of canals in the city.
The main areas in Santa Monica are Downtown, Mid-City, and the Beach.
Downtown Santa Monica is the central business district of the city and is home to many shops, restaurants, and businesses.
Mid-City Santa Monica is a more residential area and is home to Santa Monica College.
The Beach is, of course, the area where the sand and surf can be found.
A report by the National Association of Realtors found that the median sale price for a single-family home in Santa Monica increased by 11% during March 2019 compared to the previous year, which represents the sixth consecutive month of growth.
This increase in value could be attributed to the increasing demand for upscale residential real estate, especially in Santa Monica. The local real estate market has experienced an increase in both sales and demand for luxury properties. This demand has been driven by the increasing millennial population and the influx of new residents from other parts of the country.
Despite the negative effects of the coronavirus outbreak, the city’s luxury real estate market continues to be a magnet for wealthy buyers from around the globe. Santa Monica’s strong rental market and favorable employment statistics have made the city a draw for the well-to-do.
In Santa Monica you can find private mansions, villas, prestigious apartments and many exceptional properties.
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