by Jodi Summersseychelle-pool1

We thought it was the luxury condos being built in the neighborhood driving up the condo prices in downtown Santa Monica, but according to Redfin it’s because the units are greener than almost every other place in the country. Indeed, in 2015, Downtown Santa Monica was 3rd on the list of the greenest neighborhoods in the United States. What’s more 4 of the top 10 places greenest places to live in the U.S. are in Southern study analyzed 2015 real estate home sales in 83 markets. Identifying which U.S. neighborhoods have the most eco-friendly homes, based on the percentage of homes that mentioned one or more “green” features. Villanova, in Philadelphia, Pennsylvania, topped the list with 57% of all homes mentioning green features. seychelle-buildingSecond was the Villages of Irvine at 56%. Downtown Santa Monica came in at 51%.

Data scientists analyzed real estate listings for all of the homes in Redfin markets that sold in 2015 and identified those that mentioned one or more “green” features like “energy star,” “LEED,” “solar,” “green built,” etc. The study revealed that homes with green features sold for $33,894 more than the median sale price of all homes in the cities. Record-breaking droughts and high temperatures across the country have had more house hunters are looking for these 12294_content_green-santa-monica-3amenities.

“As the rainy season draws to a close with a sad fizzle of predicted El Niño storms in Southern California, we now have five years of consecutive drought on record,” observed real estate agent Julie Jacobson. “The utility companies have mandated cutbacks, local building codes have adjusted and most homeowners and buyers are aware of the impact of home water consumption,”

Downtown Santa Monica came in with a rating of 51% because the the-waverly-sky-bridgeCity offers a variety of water and energy rebates for homeowners who plant drought-resistant landscaping, use rainwater collection systems, have energy-efficient appliances, and more. Obviously, it’s the new developments, like the eco-friendly condos at the Waverly and the Seychelle that put Downtown Santa Monica on the list. And since only rental units and a few high end condos are on the construction agenda, a couple of hundred new units coming to market have a big impact on sales. And, as you would expect, 96% of the green listings in Santa Monica were condo units.

“Thanks to programs like Solar Santa Monica, the City of Santa Monica has been recognized as a leader in green building initiatives, and the residents here really care about the environment,” notes realtor Alec Traub. “New condominium developments like the Village phpthumb_generated_thumbnailat Santa Monica, which is LEED-certified, have given residents more options for sustainable living.”

This conclusion was reached when real estate listings for all the homes that sold in 2015 in 83 major metropolitan areas were analyzed. It concluded that homes with one or more green features had a median price of $505,181, while the median price of all homes sold in the 83 markets last year was $471,287.(Obviously, we’re not talking just Santa Monica here.)



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About Jodi Summers

Jodi Summers
SoCal Investment Real Estate Group
Sotheby’s International Realty

Sotheby’s International Realty’s legacy dates back to 1744. Respected as one of the world’s oldest and largest fine art auctioneers, Sotheby’s has a longstanding tradition of bringing together buyers and sellers of fine property. Today, Sotheby’s International Realty boasts nearly 13,000 sales associates, located in more than 660 offices in 49 countries and territories. Broker Jodi Summers is the founder of the SoCal Investment Real Estate Group, a top producing team with Sotheby’s International Realty in the Los Angeles area.

With more than $140,000,000 in listed inventory, Jodi and the SoCal Investment Real Estate Group know finance, rules, regulations, procedures and methods. We are accurate, knowledgeable, timely and aware of how government shapes the cities of Southern California, including Santa Monica, Venice, Culver City, West Hollywood, Beverly Hills and Los Angeles.

A New York native, Jodi grew up working in the family business – marketing, Madison Avenue style. Childhood math quiz questions calculated demographic and psychographic percentages or analyzed the allocation of adverting dollars. Word games were for devising slogans.

“My marketing and communication skills have proven to be a true gift when it comes to promoting real estate,” observes Jodi. “And I am consistently able to get an exceptionally high price per square foot for my sellers.”

Discipline (Jodi holds a Black Belt in Tae Kwon Do), organization, motivation, excellent communication skills and knowing & satisfying the needs of her clients have been her essentials for running a successful business. A passion for investment real estate explains her emphasis in asset-yielding properties.

The City of Santa Monica chose Jodi to be part of the prestigious 9-member Civic Working Group to analyze and offer feedback on the future of the 10.5-acre Santa Monica Civic Auditorium site. Additionally, Jodi is a member of the National Association of Realtors, Beverly Hills + Greater West Side Association of Realtors, Action Apartment Association of Westside income property owners, the Santa Monica Conservancy historic preservation society, the Friends of Sunset Park community group, the Real Estate Investors Club L.A., the American Solar Energy Society, Sierra Club, California Parks Association and the Culver City Rock & Mineral Club. She is currently the Communications Chair for the Ocean Park Association in Santa Monica, and a partner in Save the Civic – a community group involved with the City in the adaptive reuse of the Santa Monica Civic Auditorium and adjacent area.

An honors graduate from the Walter Cronkite School of Journalism at Arizona State University, Jodi moved to California in the mid-’90s to achieve her goal of living by the beach with a hibiscus bush in her yard.

She has thrived as an entrepreneur in the entertainment, media and marketing industries. She has three books in publication with Allworth Press – The Interactive Music Handbook, Making and Marketing Music and Moving Up In the Music Business. Making and Marketing Music is in second edition. Check out her work on

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Fresh Real Estate, Green, Local, Snapshot, Uncategorized, WOW