AgentMarkets & Economy

Partners Trust reveals hottest selling L.A. neighborhoods in Q1

2016 started off strong for the Southern California housing market
  • Westwood-Century City, Sherman Oaks and Eagle Rock are among the top neighborhoods to watch.
  • Average sold price increased in all neighborhoods in The Westside except for Brentwood single-family residences.
  • In downtown L.A., days on market increased while the number of homes sold decreased.

Eagle Rock/Flickr user JoeInSouthernCA Partners Trust released its Los Angeles Residential Market Report for the first quarter April 28. The market report breaks down the entire Southern California market by area and community. Kicking the year off with a busy January, the real estate market in Southern California is slowing down a bit in the luxury sector but still remains pretty active and competitive across the board. Beyond the common hot communities, Partners Trust also broke down the hottest neighborhoods to watch. Sherman Oaks, Eagle Rock, Hawthorne, Westwood-Century City, Palms-Mar Vista and Monrovia all made the list of booming communities. In Eagle Rock, home sales in the first quarter increased 48.57 percent, and prices increased 14.96 percent. In Hawthorne, home sales rose 38 percent and prices for single-family residences went up 13.67 percent. Westwood-Century City single-family residence sales rose 61.5 percent and days on market fell 41 percent. Metr...