Markets & Economy

Redfin: Los Angeles housing market led by 9.6 monthly uptick

The city saw higher volume of homes sell in December than previous two months
Published on Jan 22, 2016

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

According to a recent report from Redfin, home values in Los Angeles increased 9.6 percent in December over the same time the previous year. The median sales price has been steadily on the rise since October, bringing the value back up to the June 2015 level.

lamedian

Conditions to seemed to be slowing in October and November, but trends shifted paths going into the last month of the year.

Homebuyers in LA seemed to have taken advantage of the time of the year, snatching up 3.6 percent more homes than were added to the market during December.

lahomesold

Some neighborhoods are leading the path in Los Angeles. West Adams is growing as a revitalizing area of LA.

Check out Redfin‘s breakdown of Los Angeles neighborhood real estate trends.

Neigh-bor-
hood
Median Sale Price
(Thous.)
Year-Over-YearHomes SoldYear-Over-YearInventoryYear-Over-YearNew ListingsMedian Days on MarketAvg Sale-to-List
Beverly
Glen
$2,05052.0%2246.7%35-18.6%234096.1%
Beverly
Hills
Post
Office
$2,40039.1%557.8%109-6.0%723495.4%
Brent-
wood
$1,437.5-17.9%110-11.3%15423.2%1252298.2%
Central
LA
$8503.0%770-6.8%1,053-5.1%1,0102797.7%
Century
City
$932.58.1%849.1%93-13.1%802298.9%
Chats-
worth
$5359.2%1173.5%112-32.5%1172297.2%
Cheviot
Hills
$1,411.
417
-19.2%14-30.0%2450.0%262095.9%
Cren-
shaw
$5600.0%4491.3%37-24.5%4415100.9%
Down-
town
$6057.1%82-9.9%114-5.0%1013297.4%
Eagle
Rock
$7007.7%69-4.2%61-1.6%7921101.6%
East
LA
$62519.6%5945.7%612-1.1%70219100.3%
Encino$697.5-0.6%173-2.3%193-14.6%1912996.5%
Fox
Hills
$4387.5%20-33.3%13-50.0%2712101.5%
Glassell
Park
$6258.0%83130.6%452.3%78799.4%
Greater
Echo
Park
Elysian
$81325.3%6640.4%9128.2%7319100.1%
Hancock
Park
$2,626.
388
26.6%185.9%18100.0%173598.1%
Highland
Park
$61214.9%81-24.3%91-3.2%1022099.9%
Holly-
wood
$750-4.8%61-22.8%11431.0%1022898.9%
Holly-
wood
Hills
West
$1,1500.0%1714.3%252-1.6%2262497.4%
Holmby
Hills
$1,239-33.0%1122.2%19-24.0%132595.0%
Lake
Balboa
$47511.1%87-12.1%70-28.6%831599.1%
Marina
del Rey
$87817.1%75-18.5%63-23.2%721598.9%
Mid-City$8254.4%137-3.5%143-27.0%1472298.7%
Mount
Wash-
ington
$72025.2%722.9%6011.1%7116102.0%
North
Holly-
wood
$47511.8%132-5.7%156-18.8%1532698.9%
North
Valley
$4506.9%1,2165.5%1,169-28.4%1,2692198.6%
North-
west
San
Pedro
$4788.6%8152.8%60-23.1%762499.1%
Pacific
Pali-
sades
$2,45023.8%83-1.2%12521.4%1113297.1%
Pacoima$36514.1%716.0%76-42.9%9021100.4%
Pano-
rama
City
$4159.8%579.6%39-50.0%5216101.2%
Sherman Oaks$775.510.0%221-9.8%237-5.2%2571998.1%
Silver
Lake
$874-4.5%80-7.0%965.5%952299.1%
South Central
LA
$344.257.6%189-6.4%323-15.2%2922898.0%
South
LA
$37510.6%792-3.3%1,342-9.8%1,2042398.7%
South Valley$5357.1%1,516-1.4%1,547-24.1%1,5862497.8%
Studio City$981.713.9%1398.6%18111.0%1812596.8%
Sun Valley$421.57.3%71-15.5%75-30.6%862299.2%
Sylmar$4008.1%14715.7%148-33.0%1592498.9%
Tarzana$59532.7%1297.5%150-14.3%1412797.1%
Valley Village$816.522.8%42-17.6%48-15.8%401998.6%
Van
Nuys
$49010.1%103-12.0%125-33.5%1201698.7%
Venice$1,7008.6%90-6.3%12310.8%1162397.4%
Watts$27510.0%933.3%165-9.8%14632100.6%
West Adams$52527.1%427.7%38-37.7%4414102.1%
West
Long
Beach
$371.514.3%417.9%43-30.6%443699.4%
West
Los Angeles
$1,15019.9%1,376-7.6%1,604-5.9%1,5952198.5%
West-
wood
$8506.3%971.0%128-19.0%1133596.7%
Wood-
land
Hills
$669.9503.1%2116.6%208-29.0%2122296.9%
Los Angeles$559,0009.6%2,4993.6%5,529-20.0%2,0282498.2%

Comments