High-end home prices squeezed by interest rates.Some areas of Southern California's housing market are starting to feel the pinch pinch, n a small amount of chewing tobacco (snuff) an individual takes to use the substance for its desired effect. A “pinch” is called a quid in Britain. from rising interest rates, particularly in such upscale communities as Bel-Air, Westwood Westwood. 1 Residential town (1990 pop. 12,557), Norfolk co., E Mass., in the greater Boston area; settled 1640, inc. 1897. It has several early 18th-century buildings. 2 Residential borough (1990 pop. 10,446), Bergen co., NE N.J. and Pasadena Pasadena (păs'ədē`nə). 1 City (1990 pop. 131,591), Los Angeles co., S Calif., at the base of the San Gabriel Mts.; inc. 1866. , where median home prices in some ZIP codes zip code System of postal-zone codes (zip stands for “zone improvement plan”) introduced in the U.S. in 1963 to improve mail delivery and exploit electronic reading and sorting capabilities. have dropped 15 percent to 20 percent from a year ago. Many real estate agents and brokers have long predicted that a slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the housing market would first hit homes that sell for between $2 million to $3 million--a sweet spot in the market for well-heeled families trading up from existing homes. And the June June: see month. numbers show that trend popping up in some locales, although it's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have not widespread. "The slowdown in sales appears to be most notice-able in the move-up category," said Marshall Marshall. 1 City (1990 pop. 12,711), seat of Saline co., N central Mo.; inc. 1839. In a large farm area, it is a processing center for grain, eggs, meat, and dairy products. Marshall is the seat of Missouri Valley College. Prentice, president of DataQuick Information Systems. "Prices are flattening
The flattening, ellipticity, or oblateness of an oblate spheroid is the "squashing" of the spheroid's pole, down towards its equator. out in that market. Entry-level en·try-lev·el adj. Appropriate for or accessible to one who is inexperienced in a field or new to a market: an entry-level job in advertising; an entry-level computer. and mid-market homes are not seeing as much of a sales slowdown, and prices are still going up, though at a slower pace." Indeed, brokers and mortgage lenders tend to dismiss dismiss v. the ruling by a judge that all or a portion (one or more of the causes of action) of the plaintiff's lawsuit is terminated (thrown out) at that point without further evidence or testimony. any suggestion that Los Angeles' housing market is slowing dramatically. Instead, they say that after four years in which sellers have had the advantage, prices are read-justing to normal levels. "There's a much more even playing field now for buyers and sellers," said Jerry Jer·ry n. pl. Jer·ries Chiefly British Slang A German, especially a German soldier. [Alteration of German. Jolton, estates director of the Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. office of Coldwell Coldwell may refer to:
The housing data, provided to the Business Journal by HomeData Corp., a Melville, N.Y.-company that tracks housing prices nationwide, indicates that rising interest rates appear to be having a modest impact. The median price of an existing home that sold in June in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County was $555,000, which is 11 percent greater than a year ago in June. Prices rose less than 1 percent from the previous month, however. The median price in May was $550,000. Indeed, homes are appreciating in value at their slowest pace in almost six years. The slower pace has been expected for months because last year home prices in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, were appreciating 20 percent or more every month, a level that was clearly unsustainable. Beyond the price, housing experts pay attention to the number of homes sold--that is, the volume--as a good indicator Indicator Anything used to predict future financial or economic trends. Notes: In the context of technical analysis, an indicator is a mathematical calculation based on a securities price and/or volume. The result is used to predict future prices. of whether the housing market still has momentum. In a decelerating environment, the volume tends to drop before prices drop. There were 7,019 homes that sold in June in the county. That's down 17 percent from the number of homes that sold in June 2005, and down 22 percent from May 2006, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. HomeData. Sales volumes have been down in seven of the last eight months. Three-quarters Noun 1. three-quarters - three of four equal parts; "three-fourths of a pound" three-fourths common fraction, simple fraction - the quotient of two integers three-quarters npl → of the cities in Los Angeles County showed a deceleration deceleration /de·cel·er·a·tion/ (de-sel?er-a´shun) decrease in rate or speed. early deceleration in the volume of home sales last month compared with a year ago, further evidence of a slackening in the market. Normal market David Soleymani, managing director of First Capital Corp., a mortgage originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting in Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. that is owned by Cendant Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. Although the company was based out of New York City, the majority of Cendant's headquarters employees were located in Parsippany-Troy Hills, Corp., said he doesn't does·n't Contraction of does not. see a bubble A bit in bubble memory or a symbol in a bubble chart. in the housing market. Rather he expects prices to decline 10 percent to 20 percent from the outlandish out·land·ish adj. 1. Conspicuously unconventional; bizarre. See Synonyms at strange. 2. Strikingly unfamiliar. 3. Located far from civilized areas. 4. Archaic Of foreign origin; not native. prices commanded last year. "Houses that are priced right are getting a lot of activity early on in the process," he said. "The sellers who overprice o·ver·price tr.v. o·ver·priced, o·ver·pric·ing, o·ver·pric·es To put too high a price or value on. Verb 1. their homes are not getting much action, so they have to reduce the price. Sellers have been spoiled because they think they should have five offers the first day they put their houses on the market. That's not happening." At the same time, Los Angeles' low default and foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. rates suggest that this market is holding up better than several markets around the country including Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. and Miami, where overdevelopment Overdevelopment refers to a process by which natural resources are impacted by urbanization and/or road construction, at a rate significantly harmful to the ecosystem. Environmental activism is a frequent response to overdevelopment, as well as are many fields of academic study. is causing prices to fall dramatically. "Our market is surprisingly resilient See resiliency. ," Soleymani said. "There's clearly been a transition and the statistics show that there's more inventory, houses are being listed for sale longer and we're we're Contraction of we are. we're we are seeing a more normal market." The California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Association of Realtors' Unsold Inventory Index, which measures how many months it would take to sell the inventory of existing single-family sin·gle-fam·i·ly adj. Relating to or being a dwelling designed for one family only: a single-family home; single-family occupancy. homes in Los Angeles, continues to rise. That means buyers are gaining ground on sellers. There is currently a backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. of 6.2 months of inventory, up from just 2.2 months a year ago. Six months is considered a balanced market. One striking trend appears to be that more of Los Angeles' wealthiest move-up communities are seeing home prices drop, while several affordable communities are finally seeing double or triple-digit price increases. Some brokers consider the bifurcation Bifurcation A term used in finance that refers to a splitting of something into two separate pieces. Notes: Generally, this term is used to refer to the splitting of a security into two separate pieces for the purpose of complex taxation advantages. of the market to be a normal part of the adjustment to a more rational market. In Westwood's 90024 ZIP code, for example, the median price of a new home fell 19 percent in June to $1.6 million, down from $1.97 million a year ago, but the data was based on just five homes that sold in the area. Median home prices in Bel-Air's 90077 ZIP code have been knocked down Knocked down may refer to:
Just as different sectors of the stock market are affected as interest rates rise, much the same happens with different sectors of the housing market. Last month, several of the more affordable communities witnessed big home price increases, such as Inglewood's 90305 ZIP code, where housing prices jumped 72 percent from a year earlier to a median of $594,000. In City Terrace terrace, a level field built on top of a hillslope into the floor of a deep valley to improve cultivation of crops. Terracing uses the runoff from the hill to increase soil retentiveness and arability and is often part of a larger irrigation system that includes , median home prices were up 44 percent from a year earlier to $455,000. And in South Los Angeles' 90003 ZIP code, prices rose 41 percent to a median of $494,000. Brokers said that instead of the bottom of the market finally coming to the top, the available pool of potential buyers is simply larger for lower-priced homes because more people can afford them. Some new entrants who missed out on the housing boom are coming in to the market to take advantage of interest rates that are still fairly low by historic standards.
Market Highlights
MOST EXPENSIVE
6/06 6/06 6/05
ZIP Home Median Median
Community Code Sales Price Price Change
Beverly Hills 90212 4 $2,375 $605 292.6%
L.A./Windsor Square 90020 5 2,280 1,430 59.4%
Santa Monica 90402 14 2,200 2,150 2.3%
L.A./Brentwood 90049 14 1,962 1,702 15.3%
Malibu 90265 10 1,812 1,416 28.0%
Beverly Hills 90210 9 1,725 1,277 35.1%
Palos Verdes Estates 90274 20 1,662 1,360 22.2%
L.A./Westwood 90024 5 1,600 1,966 -18.6%
Pacific Palisades 90272 17 1,600 1,240 29.0%
Marina del Rey 90292 3 1,550 1,024 51.4%
INCREASED ACTIVITY
ZIP 6/06 6/05 Percent
Community Code Sales Sales Change
Inglewood 90305 37 5 640.0%
Vernon 90058 5 2 150.0%
Torrance 90504 40 18 122.2%
Inglewood 90303 13 6 116.7%
L.A./El Sereno 90032 47 23 104.3%
Lake Hughes 93532 2 1 100.0%
Inglewood 90302 16 9 77.8%
Playa del Rey 90293 7 4 75.0%
L.A./East L.A. 90023 15 9 66.7%
Compton 90222 45 28 60.7%
ZIP Median Change
Community Code Price vs. '05
Inglewood 90305 $594 72.2%
Vernon 90058 375 -30.0%
Torrance 90504 657 13.3%
Inglewood 90303 555 23.9%
L.A./El Sereno 90032 468 24.8%
Lake Hughes 93532 275 -42.1%
Inglewood 90302 485 21.3%
Playa del Rey 90293 1,235 -14.8%
L.A./East L.A. 90023 438 20.0%
Compton 90222 395 30.8%
PRICE GAINS
6/06 6/06 6/05
ZIP Home Median Median
Community Code Sales Price Price Change
Beverly Hills 90212 4 $2,375 $605 292.6%
Inglewood 90305 37 594 345 72.2%
L.A./Windsor Square 90020 5 2,280 1,430 59.4%
L.A./City Terrace 90063 23 455 315 44.4%
L.A./South L.A. 90003 50 494 350 41.1%
Glendale 91207 9 1,065 765 39.2%
La Canada Flintridge 91011 20 1,532 1,104 38.8%
L.A./Windsor Hills 90043 37 575 415 38.6%
L.A./South L.A. 90001 39 457 330 38.5%
Encino 91436 15 1,310 951 37.7%
PRICE LOSSES
6/06 6/06 6/05
ZIP Home Median Median
Community Code Sales Price Price Change
Vernon 90058 5 $375 $536 -30.0%
L.A./West Hollywood 90038 8 674 875 -23.0%
L.A./Westwood 90024 5 1,600 1,966 -18.6%
Santa Monica 90405 12 1,120 1,330 -15.8%
Pasadena 91105 15 785 929 -15.5%
San Pedro 90732 15 609 720 -15.4%
Hermosa Beach 90254 9 1,125 1,322 -14.9%
Playa del Rey 90293 7 1,235 1,450 -14.8%
L.A./Bel-Air 90077 10 1,435 1,650 -13.0%
El Segundo 90245 13 950 1,078 -11.9%
Note: ZIP codes with substantial sales included.
Sale price in thousands
Source: HomeData Corp., www.homedata.com
June 2006 Existing Home Sales in L.A. County
June Home Sales Percent
Community ZIP Code 2006 2005 Change
Los Angeles County 7,019 8,457 -17.0%
Acton 93510 10 18 -44.4%
Agoura Hills 91301 30 42 -28.6%
Alhambra 91801 16 28 -42.9%
Alhambra 91803 16 17 -5.9%
Altadena 91001 47 55 -14.5%
Arcadia 91006 27 37 -27.0%
Arcadia 91007 14 24 -41.7%
Artesia 90701 11 18 -38.9%
Azusa 91702 42 41 2.4%
Baldwin Park 91706 45 61 -26.2%
Bell/Bell Gardens 90201 26 20 30.0%
Bellflower 90706 44 61 -27.9%
Beverly Hills 90210 9 23 -60.9%
Beverly Hills 90211 3 6 -50.0%
Beverly Hills 90212 4 3 33.3%
Burbank 91501 8 9 -11.1%
Burbank 91502 1 1 0.0%
Burbank 91504 15 21 -28.6%
Burbank 91505 21 25 -16.0%
Burbank 91506 17 13 30.8%
Calabasas 91302 25 59 -57.6%
Canoga Park 91303 11 20 -45.0%
Canoga Park 91304 36 48 -25.0%
Canyon Country 91351 25 46 -45.7%
Canyon Country 91387 41 40 2.5%
Carson 90745 53 45 17.8%
Carson 90746 30 21 42.9%
Castaic 91384 40 45 -11.1%
Cerritos 90703 39 70 -44.3%
Chatsworth 91311 24 48 -50.0%
City of Commerce 90040 4 4 0.0%
Claremont 91711 36 31 16.1%
Compton 90220 49 46 6.5%
Compton 90221 35 37 -5.4%
Compton 90222 45 28 60.7%
Covina 91722 25 25 0.0%
Covina 91723 8 24 -66.7%
Covina 91724 13 20 -35.0%
Culver City 90230 19 19 0.0%
Culver City 90232 8 15 -46.7%
Diamond Bar 91765 40 45 -11.1%
Downey 90240 33 25 32.0%
Downey 90241 27 37 -27.0%
Downey 90242 27 26 3.8%
Duarte--Bradbury 91010 20 19 5.3%
El Monte 91731 15 18 -16.7%
El Monte 91732 25 34 -26.5%
El Monte--South El Monte 91733 9 23 -60.9%
EI Segundo 90245 13 10 30.0%
Encino 91316 22 38 -42.1%
Encino 91436 15 19 -21.1%
Gardena 90247 21 24 -12.5%
Gardena 90249 17 19 -10.5%
Glendale 91201 15 16 -6.3%
Glendale 91202 14 22 -36.4%
Glendale 91205 9 11 -18.2%
Glendale 91206 15 18 -16.7%
Glendale 91207 9 15 -40.0%
Glendale 91208 16 19 -15.8%
Glendale--La Crescenta 91214 29 34 -14.7%
Glendora 91740 31 20 55.0%
Glendora 91741 16 21 -23.8%
Granada Hills 91344 47 57 -17.5%
Hacienda Heights 91745 45 68 -33.8%
Harbor City 90710 12 16 -25.0%
Hawaiian Gardens 90716 9 7 28.6%
Hawthorne 90250 71 58 22.4%
Hermosa Beach 90254 9 24 -62.5%
Huntington Park 90255 38 34 11.8%
Inglewood 90301 20 14 42.9%
Inglewood 90302 16 9 77.8%
Inglewood 90303 13 6 116.7%
Inglewood 90305 37 5 640.0%
L.A. 90011 62 64 -3.1%
L.A. 90062 27 24 12.5%
L.A./Baldwin Hills 90008 13 17 -23.5%
L.A./Baldwin Hills 90056 9 6 50.0%
L.A./Bel-Air 90077 10 15 -33.3%
L.A./Brentwood 90049 14 24 -41.7%
L.A./Brooklyn Heights 90033 13 17 -23.5%
L.A./Central City West 90017 1 2 -50.0%
L.A./Chesterfield Square 90047 50 50 0.0%
L.A./City College 90029 13 16 -18.8%
L.A./City Terrace 90063 23 25 -8.0%
L.A./Civic Center 90012 2 5 -60.0%
L.A./Crenshaw District 90016 36 42 -14.3%
L.A./Eagle Rock 90041 23 19 21.1%
L.A./East L.A. 90022 30 21 42.9%
L.A./East L.A. 90023 15 9 66.7%
L.A./Echo Park 90026 31 32 -3.1%
L.A./El Sereno 90032 47 23 104.3%
L.A./Exposition Park 90037 32 52 -38.5%
L.A./Hancock Park 90004 21 30 -30.0%
L.A./Highland Park 90042 34 46 -26.1%
L.A./Hollywood 90028 4 9 -55.6%
L.A./Hollywood Hills 90068 29 42 -31.0%
L.A./Koreatown 90005 3 8 -62.5%
L.A./Koreatown 90006 11 18 -38.9%
L.A./Laurel Canyon 90046 18 37 -51.4%
L.A./Lincoln Heights 90031 16 19 -15.8%
L.A./Los Feliz 90027 14 24 -41.7%
L.A./Mar Vista 90066 30 36 -16.7%
L.A./Mid-City 90019 33 50 -34.0%
L.A./Mid-Wilshire 90036 11 14 -21.4%
L.A./Mt. Washington 90065 41 40 2.5%
L.A./Palms 90034 11 21 -47.6%
L.A./Playa Vista 90094 1 0 NA
L.A./Rancho Park 90064 24 31 -22.6%
L.A./Silver Lake 90039 26 34 -23.5%
L.A./South Figueroa 90007 10 10 0.0%
L.A./South L.A. 90001 39 34 14.7%
L.A./South L.A. 90003 50 70 -28.6%
L.A./South L.A. 90044 71 72 -1.4%
L.A./South L.A. 90061 25 33 -24.2%
L.A./South L.A. 90248 10 12 -16.7%
L.A./South Park 90015 2 3 -33.3%
L.A./South Robertson 90035 13 13 0.0%
L.A./Warehouse District 90021 2 2 0.0%
L.A./Watts 90002 51 47 8.5%
L.A./West Adams 90018 23 27 -14.8%
L.A./West Hollywood 90038 8 11 -27.3%
L.A./West Hollywood 90048 12 18 -33.3%
L.A./West Hollywood 90069 6 18 -66.7%
L.A./West L.A. 90025 5 10 -50.0%
L.A./Westchester 90045 33 34 -2.9%
L.A./Westlake 90057 6 7 -14.3%
L.A./Westwood 90024 5 6 -16.7%
L.A./Willowbrook 90059 40 53 -24.5%
L.A./Windsor Hills 90043 37 44 -15.9%
L.A./Windsor Square 90020 5 9 -44.4%
La Canada Flintridge 91011 20 28 -28.6%
La Habra 90631 43 42 2.4%
La Mirada 90638 41 55 -25.5%
La Puente 91744 53 59 -10.2%
La Puente 91746 33 25 32.0%
La Verne 91750 21 34 -38.2%
Lake Hughes 93532 2 1 100.0%
Lakewood 90712 31 52 -40.4%
Lakewood 90713 31 35 -11.4%
Lakewood 90715 9 18 -50.0%
Lancaster 93534 79 93 -15.1%
Lancaster 93535 147 151 -2.6%
Lancaster 93536 144 125 15.2%
Lawndale 90260 25 24 4.2%
Lennox 90304 6 13 -53.8%
Littlerock 93543 17 11 54.5%
Lomita 90717 18 18 0.0%
Long Beach 90802 10 11 -9.1%
Long Beach 90804 20 27 -25.9%
Long Beach 90805 68 77 -11.7%
Long Beach 90806 17 47 -63.8%
Long Beach 90807 30 19 57.9%
Long Beach 90808 46 52 -11.5%
Long Beach 90810 27 28 -3.6%
Long Beach 90813 20 41 -51.2%
Long Beach 90814 8 22 -63.6%
Long Beach 90815 31 43 -27.9%
Long Beach/Belmont Shore 90803 18 43 -58.1%
Lynwood 90262 45 40 12.5%
Malibu 90265 10 32 -68.8%
Manhattan Beach 90266 42 40 5.0%
Marina del Rey 90292 3 6 -50.0%
Maywood 90270 12 8 50.0%
Mission Hills 91345 14 27 -48.1%
Monrovia 91016 42 31 35.5%
Montebello 90640 20 39 -48.7%
Monterey Park 91754 22 19 15.8%
Monterey Park 91755 9 13 -30.8%
Montrose 91020 2 3 -33.3%
Newhall 91321 21 43 -51.2%
North Hills 91343 31 46 -32.6%
North Hollywood 91601 20 21 -4.8%
North Hollywood 91602 6 14 -57.1%
North Hollywood 91605 29 44 -34.1%
North Hollywood 91606 30 30 0.0%
Northridge 91324 13 38 -65.8%
Northridge 91325 18 33 -45.5%
Northridge 91326 51 53 -3.8%
Norwalk 90650 101 97 4.1%
Pacific Palisades 90272 17 15 13.3%
Pacoima 91331 83 61 36.1%
Palmdale 93550 139 156 -10.9%
Palmdale 93551 120 116 3.4%
Palmdale 93552 103 78 32.1%
Palmdale 93591 21 19 10.5%
Palos Verdes Estates 90274 20 33 -39.4%
Panorama City 91402 25 41 -39.0%
Paramount 90723 22 32 -31.3%
Pasadena 91101 2 7 -71.4%
Pasadena 91103 24 24 0.0%
Pasadena 91104 30 46 -34.8%
Pasadena 91105 15 11 36.4%
Pasadena 91106 10 13 -23.1%
Pasadena 91107 27 33 -18.2%
Pearblossom 93553 1 1 0.0%
Phillips Ranch 91766 75 70 7.1%
Pico Rivera 90660 43 42 2.4%
Playa del Rey 90293 7 4 75.0%
Pomona 91767 54 70 -22.9%
Pomona 91768 29 42 -31.0%
Rancho Palos Verdes 90275 28 49 -42.9%
Redondo Beach 90277 8 23 -65.2%
Redondo Beach 90278 22 31 -29.0%
Reseda 91335 71 67 6.0%
Rosemead 91770 31 44 -29.5%
Rowland Heights 91748 40 46 -13.0%
San Dimas 91773 29 28 3.6%
San Fernando 91340 22 24 -8.3%
San Gabriel 91775 22 22 0.0%
San Gabriel 91776 21 26 -19.2%
San Marino 91108 20 25 -20.0%
San Pedro 90731 27 34 -20.6%
San Pedro 90732 15 17 -11.8%
Santa Clarita 91350 46 37 - 24.3%
Santa Clarita 91390 15 37 -59.5%
Santa Fe Springs 90670 9 12 -25.0%
Santa Monica 90402 14 13 7.7%
Santa Monica 90403 2 13 -84.6%
Santa Monica 90404 5 9 -44.4%
Santa Monica 90405 12 13 -7.7%
Sherman Oaks 91403 14 27 -48.1%
Sherman Oaks 91423 26 29 -10.3%
Sierra Madre 91024 11 12 -8.3%
Signal Hill 90755 12 14 -14.3%
South Gate 90280 52 73 -28.8%
South Pasadena 91030 20 25 -20.0%
Stevenson Ranch 91381 27 37 -27.0%
Studio City 91604 22 27 -18.5%
Sun Valley 91352 33 54 -38.9%
Sunland 91040 23 26 -11.5%
Sylmar 91342 69 77 -10.4%
Tarzana 91356 16 34 -52.9%
Temple City 91780 24 52 -53.8%
Topanga 90290 7 9 -22.2%
Torrance 90561 38 41 -7.3%
Torrance 90502 10 19 -47.4%
Torrance 90503 18 33 -45.5%
Torrance 90504 40 18 122.2%
Torrance 90505 24 28 -14.3%
Tujunga 91042 29 35 -17.1%
Valencia 91354 36 92 -60.9%
Valencia 91355 39 47 -17.0%
Valley Village 91607 21 14 50.0%
Van Nuys 91401 24 33 -27.3%
Van Nuys 91405 20 26 -23.1%
Van Nuys 91406 30 56 -46.4%
Van Nuys 91411 12 17 -29.4%
Venice 90291 15 29 -48.3%
Vernon 90058 5 2 150.0%
Walnut 91789 34 49 -30.6%
West Covina 91790 25 45 -44.4%
West Covina 91791 21 30 -30.0%
West Covina 91792 29 27 7.4%
West Hills 91307 28 42 -33.3%
Westlake Village 91361 21 42 -50.0%
Westlake Village 91362 44 70 -37.1%
Whittier 90601 25 35 -28.6%
Whittier 90602 11 18 -38.9%
Whittier 90603 16 13 23.1%
Whittier 90604 35 45 -22.2%
Whittier 90605 34 40 -15.0%
Whittier 90606 28 31 -9.7%
Wilmington 90744 15 16 -6.3%
Winnetka 91306 42 51 -17.6%
Woodland Hills 91364 30 31 -3.2%
Woodland Hills 91367 24 35 -31.4%
June Median Price
(thousands) Percent
Community 2006 2005 Change
Los Angeles County $555 $501 10.8%
Acton 688 556 23.7%
Agoura Hills 698 722 -3.3%
Alhambra 626 541 15.7%
Alhambra 600 555 8.1%
Altadena 650 583 11.5%
Arcadia 700 695 0.7%
Arcadia 875 761 15.0%
Artesia 469 382 22.8%
Azusa 452 400 13.0%
Baldwin Park 460 385 19.5%
Bell/Bell Gardens 562 463 21.4%
Bellflower 552 490 12.7%
Beverly Hills 1,725 1,277 35.1%
Beverly Hills 1,400 1,690 -17.2%
Beverly Hills 2,375 605 292.6%
Burbank 722 730 -1.1%
Burbank 563 4,868 -88.4%
Burbank 750 635 18.1%
Burbank 629 535 17.6%
Burbank 675 645 4.7%
Calabasas 1,500 1,100 36.4%
Canoga Park 500 478 4.6%
Canoga Park 722 620 16.5%
Canyon Country 518 460 12.6%
Canyon Country 670 530 26.4%
Carson 530 431 23.0%
Carson $582 $525 10.9%
Castaic 638 550 16.0%
Cerritos 710 638 11.3%
Chatsworth 670 600 11.7%
City of Commerce 512 375 36.5%
Claremont 580 605 -4.1%
Compton 410 318 28.9%
Compton 420 344 22.1%
Compton 395 302 30.8%
Covina 469 410 14.4%
Covina 560 466 20.2%
Covina 630 502 0.3%
Culver City 710 640 10.9%
Culver City 886 790 12.2%
Diamond Bar 748 569 31.5%
Downey 655 550 19.1%
Downey 755 552 36.8%
Downey 580 488 18.9%
Duarte--Bradbury 485 435 11.5%
El Monte 500 445 12.4%
El Monte 520 422 23.2%
El Monte--South El Monte 472 410 15.1%
EI Segundo 950 1,078 -11.9%
Encino 668 630 6.0%
Encino 1,310 951 37.7%
Gardena 525 522 0.6%
Gardena 550 485 13.4%
Glendale $760 $780 -2.6%
Glendale 838 792 5.8%
Glendale 675 650 3.8%
Glendale 749 701 6.8%
Glendale 1,065 765 39.2%
Glendale 834 790 5.6%
Glendale--La Crescenta 770 657 17.2%
Glendora 510 460 10.9%
Glendora 596 650 -8.3%
Granada Hills 575 559 2.9%
Hacienda Heights 604 558 8.2%
Harbor City 608 580 4.8%
Hawaiian Gardens 480 430 11.6%
Hawthorne 599 549 9.1%
Hermosa Beach 1,125 1,322 -14.9%
Huntington Park 462 412 12.1%
Inglewood 520 402 29.4%
Inglewood 485 400 21.3%
Inglewood 555 448 23.9%
Inglewood 594 345 72.2%
L.A. 490 360 36.1%
L.A. 495 400 23.8%
L.A./Baldwin Hills 647 505 28.1%
L.A./Baldwin Hills 1,150 926 24.2%
L.A./Bel-Air 1,435 1,650 -13.0%
L.A./Brentwood 1,962 1,702 15.3%
L.A./Brooklyn Heights 485 425 14.1%
L.A./Central City West 800 464 72.4%
L.A./Chesterfield Square 462 368 25.5%
L.A./City College 800 630 27.0%
L.A./City Terrace 455 315 44.4%
L.A./Civic Center 534 425 25.6%
L.A./Crenshaw District 544 492 10.6%
L.A./Eagle Rock 660 568 16.2%
L.A./East L.A. 447 380 17.6%
L.A./East L.A. 438 365 20.0%
L.A./Echo Park 662 620 6.8%
L.A./El Sereno 468 375 24.8%
L.A./Exposition Park 508 380 33.7%
L.A./Hancock Park 910 828 9.9%
L.A./Highland Park 564 464 21.6%
L.A./Hollywood 1,013 750 35.1%
L.A./Hollywood Hills 1,025 950 7.9%
L.A./Koreatown 1,030 910 13.2%
L.A./Koreatown 750 705 6.4%
L.A./Laurel Canyon 1,200 1,095 9.6%
L.A./Lincoln Heights 480 400 20.0%
L.A./Los Feliz 861 850 1.3%
L.A./Mar Vista 808 852 -5.2%
L.A./Mid-City 890 814 9.3%
L.A./Mid-Wilshire 1,150 1,055 9.0%
L.A./Mt. Washington 619 488 26.8%
L.A./Palms 789 750 5.2%
L.A./Playa Vista 44 NA NA
L.A./Rancho Park 960 895 7.3%
L.A./Silver Lake 652 644 1.2%
L.A./South Figueroa 585 503 16.3%
L.A./South L.A. 457 330 38.5%
L.A./South L.A. 494 350 41.1%
L.A./South L.A. 438 348 25.9%
L.A./South L.A. 430 350 22.9%
L.A./South L.A. 512 500 2.4%
L.A./South Park 500 475 5.3%
L.A./South Robertson 1,137 905 25.6%
L.A./Warehouse District 1,462 394 271.1%
L.A./Watts 400 325 23.1%
L.A./West Adams 580 465 24.7%
L.A./West Hollywood 674 875 -23.0%
L.A./West Hollywood 1,326 1,089 21.8%
L.A./West Hollywood 1,512 1,644 -8.0%
L.A./West L.A. 1,180 964 22.4%
L.A./Westchester 798 754 5.8%
L.A./Westlake 704 555 26.8%
L.A./Westwood 1,600 1,966 -18.6%
L.A./Willowbrook 398 310 28.4%
L.A./Windsor Hills 575 415 38.6%
L.A./Windsor Square 2,280 1,430 59.4%
La Canada Flintridge 1,532 1,104 38.8%
La Habra 595 510 16.7%
La Mirada 565 570 -0.9%
La Puente 450 400 12.5%
La Puente 500 399 25.3%
La Verne 568 595 -4.5%
Lake Hughes 275 475 -42.1%
Lakewood 552 505 9.3%
Lakewood 570 529 7.8%
Lakewood 532 478 11.3%
Lancaster 315 243 29.6%
Lancaster 320 265 20.8%
Lancaster 410 339 20.9%
Lawndale 595 524 13.5%
Lennox 558 440 26.8%
Littlerock 365 310 17.7%
Lomita 608 551 10.3%
Long Beach 620 535 15.9%
Long Beach 545 515 5.8%
Long Beach 478 400 19.5%
Long Beach 575 489 17.6%
Long Beach 670 520 28.8%
Long Beach 615 572 7.5%
Long Beach 477 424 12.5%
Long Beach 512 520 -1.5%
Long Beach 888 681 30.4%
Long Beach 620 575 7.8%
Long Beach/Belmont Shore 1,068 905 18.0%
Lynwood 480 370 29.7%
Malibu 1,812 1,416 28.0%
Manhattan Beach $1,512 $1,580 -4.3%
Marina del Rey 1,550 1,024 51.4%
Maywood 518 388 33.5%
Mission Hills 538 485 10.9%
Monrovia 600 545 10.1%
Montebello 525 449 16.9%
Monterey Park 569 450 26.4%
Monterey Park 575 546 5.3%
Montrose 692 485 42.7%
Newhall 549 499 10.0%
North Hills 580 546 6.2%
North Hollywood 650 700 -7.1%
North Hollywood 815 900 -9.4%
North Hollywood 580 486 19.3%
North Hollywood 596 474 25.7%
Northridge 571 550 3.8%
Northridge 681 730 -6.7%
Northridge 785 732 7.2%
Norwalk 480 420 14.3%
Pacific Palisades 1,600 1,240 29.0%
Pacoima 520 432 20.4%
Palmdale 330 282 17.0%
Palmdale 436 380 14.7%
Palmdale 395 315 25.4%
Palmdale 285 220 29.5%
Palos Verdes Estates 1,662 1,360 22.2%
Panorama City 500 453 10.4%
Paramount 470 410 14.6%
Pasadena 894 500 78.8%
Pasadena 605 512 18.2%
Pasadena 728 683 6.6%
Pasadena 785 929 -15.5%
Pasadena 995 790 25.9%
Pasadena 755 760 -0.7%
Pearblossom 370 400 -7.5%
Phillips Ranch 440 355 23.9%
Pico Rivera 500 400 25.0%
Playa del Rey 1,235 1,450 -14.8%
Pomona 411 377 9.0%
Pomona 400 344 16.3%
Rancho Palos Verdes 1,148 1,066 7.7%
Redondo Beach 903 950 -4.9%
Redondo Beach 756 785 -3.7%
Reseda 550 480 14.6%
Rosemead 506 467 8.4%
Rowland Heights 581 494 17.6%
San Dimas 530 448 18.3%
San Fernando 486 400 21.5%
San Gabriel 607 622 -2.4%
San Gabriel 530 502 5.6%
San Marino 1,357 1,265 7.3%
San Pedro 655 580 12.9%
San Pedro 609 720 -15.4%
Santa Clarita 501 530 -5.5%
Santa Clarita 799 652 22.5%
Santa Fe Springs 485 430 12.8%
Santa Monica 2,200 2,150 2.3%
Santa Monica 1,682 1,469 14.5%
Santa Monica 899 735 22.3%
Santa Monica 1,120 1,330 -15.8%
Sherman Oaks 1,032 795 29.8%
Sherman Oaks 974 924 5.4%
Sierra Madre 930 837 11.1%
Signal Hill 745 716 4.1%
South Gate 488 392 24.5%
South Pasadena 832 790 5.3%
Stevenson Ranch 760 765 -0.7%
Studio City 982 830 18.3%
Sun Valley 535 475 12.6%
Sunland 559 508 10.0%
Sylmar 550 470 17.0%
Tarzana 1,142 880 29.8%
Temple City 620 558 11.1%
Topanga 950 700 35.7%
Torrance 662 610 8.5%
Torrance 586 500 17.2%
Torrance 772 710 8.7%
Torrance 657 580 13.3%
Torrance 814 815 -0.1%
Tujunga 599 515 16.3%
Valencia 608 570 6.7%
Valencia 560 620 -9.7%
Valley Village 825 745 10.7%
Van Nuys 652 625 4.3%
Van Nuys 562 514 9.3%
Van Nuys 557 500 11.4%
Van Nuys 625 545 14.7%
Venice 1,199 1,050 14.2%
Vernon 375 536 -30.0%
Walnut 670 670 0.0%
West Covina 540 450 20.0%
West Covina 550 572 -3.8%
West Covina 520 475 9.5%
West Hills 662 622 6.4%
Westlake Village 1,027 1,001 2.6%
Westlake Village 802 728 10.2%
Whittier 555 500 11.0%
Whittier 589 662 -11.0%
Whittier 587 545 7.7%
Whittier 530 487 8.8%
Whittier 500 442 13.1%
Whittier 495 426 16.2%
Wilmington 492 410 20.0%
Winnetka 559 505 10.7%
Woodland Hills 869 735 18.2%
Woodland Hills 780 630 23.8%
Median home prices based on data provided by HomeData Corp.,
www.homedata.com.
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