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Los Angeles

Why you'd want to live in Los Angeles

The City of Los Angeles holds many distinctions. L.A. is the entertainment capital of the world, a cultural mecca boasting more than 100 museums, many of them world-class, and a paradise of idyllic weather. From tourist attractions like the Walk of Fame’s collection of stars (numbering more than 2,614 and growing by one or two a month) to career opportunities like those presented in the expanding tech industry, Los Angeles is the place to be. It is the only city in North America to have hosted the Summer Olympics twice - and by 2028 the third time. Downtown L.A. is the largest government center outside of Washington, D.C. Los Angeles has the only remaining wooden lighthouse in the state (located in San Pedro’s Fermin Park) and the largest historical theater district on the National Register of Historic Places (located Downtown on Broadway). Los Angeles is on the leading edge of several growth industries. The Los Angeles metropolitan area, with more than 23,000 art jobs, is the country's leading artistic center, surpassing the previous champion, New York. In other words, Los Angeles has both a larger concentration and absolute number of artists than New York. The L.A. five-county area is also a major tech center, with more than 700,000 people at work in health services/biomedical activities and 190,000 people in aerospace. via discoverlosangeles.com

Los Angeles Market Report

$2,002,056

AVERAGE PRICE OF 5,173 HOMES

$1,513,644

AVERAGE PRICE OF 56 DISTRESSED HOMES

$3,445,016

AVERAGE PRICE OF 2,553 MULTI-MILLION DOLLAR HOMES

$3,842,372

AVERAGE PRICE OF 311 NEWLY BUILT HOMES

$4,674,189

AVERAGE PRICE OF 937 HOMES WITH A POOL

$1,810,493

AVERAGE PRICE OF 105 REDUCED PRICE HOMES

Average Home

Average Price $2,002,056
Avg Bedrooms 2.86 beds
Avg Bathrooms 2.49 baths

Average Price by Bedrooms

1 bedroom $999,487
2 bedrooms $1,109,696
3 bedrooms $1,447,179
4 bedrooms $1,949,249
5 bedrooms $2,926,062
Los Angeles Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 5,710 5,711 6,018 5,942
Average Price n/a $1,984,714 $1,959,575 $1,992,591 $1,992,029
Avg Price Change n/a +1.28% -1.68% +0.03% +1.42%
Median Price n/a $1,000,067 $1,000,864 $1,069,286 $1,084,707
Med Price Change n/a -0.08% -6.84% -1.44% -0.12%
Avg Bedrooms n/a 2.29 beds 2.02 beds 2.04 beds 2.06 beds
Avg Bathrooms n/a 2.09 baths 1.92 baths 1.95 baths 1.98 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Crenshaw 4 $840,000 39 days
Fairfax Senior 7 $1,344,571 72 days
Other 4 $1,121,475 46 days
University 5 $1,488,580 81 days
Westchester 4 $943,125 89 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 5,173 $2,002,056 90 days
Distressed Homes 56 $1,513,644 139 days
Multi-Million Dollar Homes 2,553 $3,445,016 87 days
Newly Built Homes 311 $3,842,372 101 days
Homes with a Pool 937 $4,674,189 90 days
Reduced Price Homes 105 $1,810,493 73 days
Harcourts Prime Properties
Renee Matthews
965 Foothill Blvd, Suite C
La Canada Flintridge, CA 91011
323-250-2596
DRE# 02081128

Based on information from California Regional Multiple Listing Service, Inc. as of December 5, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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