Navigating Your 90066 Home Buying Journey

You’ve got questions, and we’ve got answers. Let’s break down the nitty-gritty of turning your 90066 dream into your address.

FAQs: Because Knowledge is Power

Q: What’s the average home price in 90066?
A: As of October 2024, you’re looking at a median sale price of about $1.9 million. But don’t let that number scare you off—there’s a range of properties to fit different budgets and lifestyles.

Q: How close is 90066 to major attractions like Santa Monica?
A: Think of it as being in the VIP section of LA. You’re just a quick 15-minute drive from the Santa Monica Pier and about 10 minutes from Venice Beach. It’s close enough for convenience, but far enough to escape the tourist crowds.

Q: What are the benefits of living in Mar Vista?
A: Where do we start? You’ve got top-rated schools, a thriving food scene, and a community that actually feels like, well, a community. Plus, with the tech boom in Silicon Beach, you’re living in an area that’s on the up-and-up.

Q: How has the market in 90066 changed over the past year?
A: The market has shown resilience and growth. While the median sale price has increased by 6.9%, the price per square foot has decreased by 17.3%, potentially offering better value for buyers.

Q: What types of homes are available in 90066?
A: The area offers a diverse range of properties, from single-family homes and luxury estates to condos and townhouses. Whether you’re looking for a starter home or a spacious family residence, 90066 has options to suit various preferences and budgets.

Q: How competitive is the 90066 real estate market?
A: The market is somewhat competitive. Homes typically receive an average of 2 offers and sell in about 47 days. This means you should be prepared to act decisively when you find a property you love.

Q: Are there any upcoming developments or changes in 90066 that might affect property values?
A: While specific developments can change, the ongoing growth in nearby Silicon Beach and continued investment in local infrastructure suggest a positive outlook for property values in the area.

The Home Buying Process in 90066

1. Get Pre-Approved: Before you start house hunting, get pre-approved for a mortgage. This will give you a clear idea of your budget and make you a more attractive buyer.

2. Define Your Must-Haves: Make a list of non-negotiables for your new home. In 90066, this might include proximity to tech hubs, outdoor space, or specific school districts.

3. Work with a Local Expert: Partner with a real estate agent who knows 90066 inside and out. They can provide invaluable insights into neighborhood trends and off-market opportunities.

4. Be Ready to Move Fast: With homes selling in an average of 16 days, be prepared to make quick decisions. Have your finances in order and be ready to submit an offer when you find the right home.

5. Consider the Future: Look beyond your immediate needs. 90066 is a growing area, so consider how your home’s value might appreciate over time.

6. Inspect Thoroughly: Even in a competitive market, don’t skip the home inspection. 90066 has a mix of new builds and older homes, each with their own potential issues.

7. Understand the Closing Process: Familiarize yourself with California’s closing procedures, which can differ from other states. Your agent can guide you through this process.