Check out Los Angeles' Median Home Prices

By
Real Estate Agent with Power Brokers Int'l BRE# 01439865

These are the the third quarter statistics for median single-family home prices in the Los Angeles area. 

Statistics One

Statistics Two

Looking at the home prices around the country, I can imagine some of you gasping in shock when you see our median home prices of  $849,500, and those prices having dropped a whopping 2.91% over the past year.

At the top, Malibu Beach's median price is $5,040,000 and Beverly Hills comes in a distant second at $3,100,000. A worthy mention goes to Pacific Palisades at $2,050,000.

South and East Los Angeles were the hardest hit.

So now you know why I am in disbelief when I see the pricing of the magnificent homes some of you are listing for less than the median price of our condo market.

The median price of our condos in the same areas is roughly $463,000, a drop of 11% over last year.

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Rainmaker
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Melinda (Mel) Peterson
Real Estate Cafe LLC - Medford, OR
The Naked Blogger 541-659-1620

Shocking yes, but your prices have significantly fallen from a few short years ago!

Nov 07, 2009 05:51 PM #1
Rainmaker
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Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

Thank goodness, Melinda.

Nov 07, 2009 05:56 PM #2
Anonymous
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Jane, Our median price is $235,000. You could by a subdivision here!

Nov 07, 2009 07:50 PM #3
Rainmaker
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Mary Douglas
United Country Ponderosa Realty - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Ours are substantially lower Jane. The different markets across the country are interesting to see! Are these sold numbers or active?

Nov 07, 2009 11:32 PM #4
Rainmaker
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Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

These are sold, Mary. The condos are double many of the huge houses we see listed around the country on AR.

Nov 07, 2009 11:36 PM #5
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Rainmaker
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Jane Peters

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