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Property values spike

07/18/2019 8:25 AM | Margaret Fulton (Administrator)

Santa Monica property values are the third-highest in Los Angeles County, according to data the county assessor released Monday.

The combined assessed value of the city’s properties has soared 27% over the past five years to $39.5 billion and is now second only to Los Angeles and Long Beach. While the growth in local property values mirrors the rest of the Westside, Santa Monica’s proximity to the coast and high-quality public services and schools sets it apart in the real estate market, spurring sales and new development, said county assessor Jeffrey Prang.

Read More: https://www.smdp.com/property-values-spike/177598

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