May home sales in Los Angeles County remained historically high. Home sales continued to rise, both in numbers and price. The average sale price of a single residence in LA County rose to $1,346,738 with 4598 closed sales in May of this year. That’s a whopping increase of over 40% in the sale price and more than double the number of closed sales over the previous May!
For condos and townhouses, the average sale price of $745,455 was from 1766 closed sales, chalking up a 24% increase in price and nearly triple increase in the number of sales year over year.
In a month-to-month comparison, May single residence sales for the county decreased from April of this year by approximately 3% both in number and average sale price, registering 4598 sales for an average price of $1,346,738. Condo/townhouse sales increased 4% in the average sale price and decreased over 12% in number month to month, reporting in May at $745,455 for 1766 closed sales.
Want to know what’s happening with the market in your own community? Take a look at our video with market stats for 12 select San Fernando communities, and be sure to get in touch to receive a market update for any Los Angeles and Ventura County communities you’re interested in. All you have to do is ask!