Santa Monica In Top 50 Most Expensive Neighborhoods In L.A.

SANTA MONICA, CA – According to data collected from Property Shark, five neighborhoods in Santa Monica make the list of Top 50 Most Expensive Neighborhoods in Los Angeles. North of Montana is the seventh most expensive neighborhood in Los Angeles, and based on 43 transactions the median home price for a house in this area was $4.5M million.

Property Shark gathered the data by looking at all residential transactions closed between January 1 and June 3o of this year for single- and two-family homes, excluding package deals. However, it should be noted that Property Shark data on small neighborhoods is now included in statistics for larger areas. For example, Malibu Road and Malibu Beach Colony are taken as a single neighborhood.

Out of the top 10 most expensive neighborhoods, Malibu Colony Beach came in at number one, with an average home price of $15.725 Million. Santa Monica only had one neighborhood in the top 10, but six of the neighborhoods in the top 10 are on or near the beach. Malibu and Beverly Hills combined accounted for 10 of the 20 most expensive neighborhoods on the list.

Other Santa Monica neighborhoods that made the list include:

• #28: Wilshire-Montana
• $2.475 Million average based on 25 transactions
• #42: Mid-City Santa Monica
• $1.82 Million average based on eight transactions
• #45: Ocean Park
• $1.76 Million average based on 13 transactions
• #50: Sunset Park
  • $1.7 Million average based on 56 transactions

The top ten most expensive neighborhoods in LA are as follows:

1. Malibu Colony Beach, Malibu
   1. $15.725 Million average based on seven transactions
2. Trousdale Estates, Beverly Hills
   1. $8.499 Million average based on 12 transactions
3. Cove Colony, Malibu
   1. $8.012 Million average based on eight transactions
4. North of Sunset Boulevard, Beverly Hills
   1. $7.7 Million average based on 23 transactions
5. The Flats, Beverly Hills
   1. $7.467 Million average based on 30 transactions
6. Broad Beach, Malibu
1. $6.965 Million average based on five transactions
7. North of Montana, Santa Monica
1. $4.5 Million average based on 43 transactions
8. Bradbury, Bradbury
1. $4.3 Million average based on seven transactions
9. Point Dume, Malibu
1. $3.922 Million average based on 26 transactions
10. Malibu Park, Malibu
1. $3.55 Million average based on nine transactions

To see the complete list of 50 most expensive neighborhoods in Los Angeles County, visit Property Shark.