The Los Angeles real estate market is actually comprised of many local real estate markets. For most home owners, buyers and sellers, tracking home values in their relevant neighborhoods is more valuable than looking at what’s happening in the entire area or state, though observing broader trends is important, too. With that in mind, we have been reporting monthly listings and sales in 12 select communities. For market updates on any other LA communities, email us.
Looking at trending sales prices and numbers, it’s significant to note that 10 of the 12 communities included in our update have experienced noteworthy increases in average sale price over February 2020. The two exceptions were Studio City and Tarzana. All but Lake Balboa also reported a rise in the number of sales as well.
Source: CRMLS, The MLS