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SAMUEL B. MOSES, CPA
(310) 395-9922 100 Wilshire Blvd., Suite 1800 • Santa Monica 90401
Judges 2 State Claiming they’re underpaid.
Council 5 City New faces take their places.
programs 3 Apprenticeship Positives for the state.
Volume 24 Issue 21
Estate Map 8 & 9 Real Best of local listings.
THE WEEKENDER 12/13-12/15
smdp.com
Santa Monica rent grows in November amidst year of sharp drops
RENT: The month of November saw apartment rental prices go up in Santa Monica, a rarity within a year of declines. THOMAS LEFFLER SMDP Staff Writer
A swap of rental trends took place this past month, as while national rent prices dropped in November, Santa Monica’s climbed. According to the November rental report by Apartment List, Santa Monica median
rent grew by 1.3% in the month, with the median one-bedroom apartment now going for $2,338 and the median two-bedroom listed at $2,803. The growth comes in a year where Santa Monica rents have fallen sharper than the national average, now standing at a 2.9% drop year-over-year heading into December. Currently, the cheapest one-bedroom
Gary Limjap (310) 586-0339
apartment on Apartment List in the city is for $2,100; with the most expensive going for $6,800. Despite Santa Monica rents dropping faster than the national average, national rent dropped 0.8% in November while the city’s climbed. The Apartment List report noted that November was the steepest single-month drop for the country this year,
Photo by Thomas Leffler
with the month typically the “softest” for the United States. With trends in price changing in November, trends in demand did not when it comes to the Los Angeles area. In its monthly Rental Activity Report, RentCafe stated that Los Angeles moved from 12th SEE RENT PAGE 15
In today’s real estate climate ...
Experience counts! garylimjap@gmail.com
www.garylimjap.com
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