Mar Vista Real Estate Trends
Mar Vista is a place that combines urban and suburban elements. It makes for a solid all-around city to give more bang for your buck. Always consider what communities you want to live in for a single life or raise a family. Here are some real estate trends for Mar Vista.
Trends for Mar Vista Houses and Lofts
While it does have an urban/suburban setting, it’s become a quieter alternative to Venice and other places nearby. Home values have gone up to 8.4% compared to last year’s price point. You can expect the average single-family house to cost around $1.8 million.
The median loft-style home would be around $800,000.
Real estate agents sold over 77 homes in the past year (11 for lofts and 61 single-family).
Market Demand
It’s been a seller’s market due to more homes getting sold at above-market prices. The competitive nature brings the value up because homes get multiple offers. Additionally, the houses last just 45 days after being put on the block to be sold.
Apartment Complexes to Check
There are various communities in Mar Vista that could be to your liking. Whether you want a house or a luxury apartment, think about what you need to make it comfortable. Here are some apartment complexes to check out:
Geneva @ Pacific Apartments
Here’s something more of a luxury feel that’s easy to walk to different amenities. Also, it would be perfect for young adults if they decide to go out to UCLA or LMU for their secondary education. The proximity to Santa Monica Pier, LAX, and Culver City is ideal for a future career move.
Westside Apartments
This apartment complex is another ideal place to live if you like being near restaurants and entertainment. The pricing varies, but it’s a bit more expensive renting over $3,000 a month. However, the convenience factor makes it a quality place to live if you don’t want to be in the main Hollywood attraction but close to the action.
Why Do People Move Here?
Mar Vista has a modern feel but still keeps some classic elements to the community. The historic architecture and character make it a hot spot for people that enjoy a quieter neighborhood close to the tourist cities. Also, this draw has increased the market trends for homeowners to rent out to tenants.
It’s a friendly community that allows you to enjoy your space while taking in local amenities within walking distance.