Mapping the Housing Price Increases in LA
The MLS has published a map showing where single-family house sale prices are headed in many Greater Los Angeles neighborhoods and the overwhelming answer is: up. The map and accompanying list compare median sales price data from the first quarter of 2013 and the first quarter of 2014. Hollywood leads the pack with a 53 percent increase, from a median of $819,625 all the way up to a median of $1.73 million. On the Westside, Playa del Rey, Palms/Mar Vista and Cheviot Hills all posted gains around 30% year over year. East LA and several parts of South LA are also increasing at impressive rates. Its worth noting that this analysis takes into account single-family homes only. Market conditions in areas with high concentrations of condos (such as Marina del Rey, Playa Vista and West Hollywood) are not necessarily accurately represented in this map.
Click on the map below for a larger version.
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