Home prices dip as sales volume dives: number of houses sold drops by stunning 66 percent.The Los Angeles County residential real estate market continued to tumble in December, with sales nose diving 66 percent compared to a year earlier and the median price dropping 7 percent to $510,000. The median, which fell in October for the first time year-over-year since the long real estate run-up began, is now $15,000 lower than November and $40,000 lower than it was in December 2006, according to data provided to the Business Journal by Melville, N.Y.-based HomeData Corp. It has not been this low since June 2005. The median peaked in May and again in July at $585,000. Driving the fall in December was the precipitous decline in sales. Only 2,161 homes changed hands during the month, compared to 6,263 in December 2006. That was a bigger monthly fall than November when sales were off 55 percent and the median fell 4.5 percent. And unlike earlier last year when sales in wealthier neighborhoods helped prop up the county median, the decline in December sales and median prices was widespread across the county, from Lancaster, to Tarzana, to Long Beach. Such a broad decline is consistent with figures from the closely watched S&P/CaseShiller Home Price Index, which measures price changes in individual homes over time, eliminating distortions to the median caused by higher sales in wealthy neighborhoods. The index, released in December, showed an 8.8 percent price decline in October for Los Angeles. Nationwide, the price was off 6.1 percent, almost as large a decline as in April 1991. And while many real estate brokers and analysts still do not believe the market will collapse in Southern California as it did in the early 1990s, Mark Morgan, an analyst with Rochdale Securities, expects that 2008 likely will be a transition year--at best. "I don't think we've hit bottom yet on prices anywhere," said Morgan, who covers mortgage lender Countrywide Financial Corp. and homebuilder Ryland Group Inc. "We had this midteens growth over the last few years driven by loans that shouldn't have been made in the first place, so I'm not expecting a quick rebound." As in the fall, real estate professionals say prospective buyers on both ends of the market have been stymied by a lack of affordability in prices and a lack of financing due to the ongoing credit crunch. Sub-prime and Alt A loans dried up months ago for moderate-income families with problem credit. But now even higher income families with good credit are having problems getting a jumbo loan, necessary when a home is priced above $417,000. Banks are demanding at least a 20 percent down payment. "In the last few weeks it seems like everyone has to have a high FICO (credit) score and be able to put down 20 percent," said Steven Thomas, a regional president for ReMax Real Estate Services in Southern California. "More sellers are going to have to have some skin in the game, help out the buyer, to get a deal done." There has been discussion in Congress about raising the limit on conventional mortgages--perhaps only in high-priced markets such as California and Florida--similar to what is allowed in resort markets like Hawaii. Thomas said that would help. (An op-ed on this topic appears on page 42.) "That will be a step in the right direction, because most of what's been done up until now have been band-aids," Thomas said. "When the conventional loan limit is significantly lower than the median price of a home, there's something wrong with the definition in that market." Increased competition The market collapse has left a huge inventory of unsold homes. What's more, homeowners seeking to sell also must compete with foreclosed homes that are owned by banks, so-called real-estate-owned, or REO properties. That's a particular problem in the once fast-growing Santa Clarita and Antelope valleys and has taken a huge toll on the fortunes of locally based homebuilders such as Ryland Group and KB Home, whose share prices are less than half of what they were a year ago. RealtyTrac Inc., an Irvine-based online service that lists REO properties for sale, said foreclosure filings in Los Angeles fell to 6,654 in November, after rising 19 percent in October to 9.767. Similar figures are expected for December--all following national trends. But RealtyTrac spokesman Daren Blomquist anticipates that the pace now will pick up as payments rise on more than 1 million homes nationwide due to adjustable mortgage resets. "Banks don't want to foreclose on people over the holidays, so we'll have to wait until this quarter," Blomquist said. "Despite the plans being talked about to provide relief, there are many people who are too far into it to be helped." Indeed, the downturn was surprisingly widespread throughout the county. The median price in Lancaster's 93534 ZIP code and Tarzana's 91356 were down 39 percent from a year ago. Long Beach's 90813 fell 37 percent and Downey's 90240 dropped 34 percent. San Fernando's 91340, which saw 25 sales in December 2006, had only one deal close last month. Torrance's 90503 fared only slightly better with three sales last month, down from 23 sales in December 2006. West Hollywood's 90069 went from eight sales to one. The collapse in sales also has taken its toll on the California Association of Realtors, which is expecting its membership will have dropped 12 percent in 2007 when final tallies are in. While many of those departures are likely to be agents who got into the business near the height of the bubble, a few, like Orit Gadish, are finding success in the REO market. [GRAPHIC OMITTED] Surprising success Gadish, a former vice president at Countrywide Financial Corp., left the mortgage lender to become an agent three years ago and struck out on her own as a broker in early 2006. Sensing the changing winds, six months ago she moved her mom-and-pop brokerage near downtown Los Angeles toward the REO market. In December she closed five sales on foreclosed properties and as of last week had 18 listings throughout the county. "I'm sure there are going to be more of these properties available," said Gadish. "We have all these jumbo loans out there that people are going to need to refinance and won't be able to. That's what's going to be coming in the higher end neighborhoods." While many brokerages are shedding agents, Gadish Properties expects to add at least 10 agents over the next few months. Gadish even has to enlist the aid of her husband, a management consultant, to keep up with the work flow. Still, it's unclear exactly where the market is going, especially given some conflicting recent data. The U.S. Commerce Department reported new homes sales fell an unexpectedly sharp 9 percent in November from the month before when adjusted for seasonal variations. But a few days later the National Association of Realtors reported that existing homes sold at an annual rate of 5 million in November, up 0.4 percent from October's 4.98 million. That's given some hope that a turnaround could be in the offing as early as next year. "We may kind of muddle through in '08 but hopefully we'll see a rebound in '09," said Rochdale's Morgan. BY DEBORAH CROWE Staff Reporter
Sales Swoon
Homes sold in L.A. County,
Last three Decembers.
12/'05 7,367
12/'06 6,263
12/'07 2,161
Source: HomeData Corp.
Market Highlights
MOST EXPENSIVE HOMES
12/07 12/07 12/06
ZIP Home Median Median
Community Code Sales Price Price Change
Santa Monica 90402 4 $2,700 $2,801 -3.6%
L.A./Brentwood 90049 6 2,426 1,686 43.9%
Beverly Hills 90210 4 1,872 1,700 10.1%
Manhattan Beach 90266 13 1,824 1,490 22.4%
Pacific Palisades 90272 8 1,740 1,655 5.1%
Calabasas 91302 10 1,736 985 76.2%
Palos Verdes Estates 90274 6 1,662 1,485 11.9%
L.A./Bel-Air 90077 4 1,538 2,395 -35.8%
Pasadena 91105 3 1,490 942 58.2%
North Hollywood 91602 4 1,420 915 55.2%
HOME PRICE LOSSES
12/07 12/07 12/06
ZIP Home Median Median
Community Code Sales Price Price Change
Pasadena 91103 6 $502 $990 -49.3%
Playa del Rey 90293 5 1,150 2,250 -48.9%
La Verne 91750 5 369 690 -46.5%
Acton 93510 5 440 728 -39.6%
Lancaster 93534 18 188 310 -39.4%
Burbank 91504 7 420 655 -35.9%
L.A./Bel-Air 90077 4 1,538 2,395 -35.8%
Sherman Oaks 91423 12 725 1,125 -35.6%
Downey 90240 10 428 650 -34.2%
Rowland Heights 91748 11 480 720 -33.3%
MOST EXPENSIVE CONDOS
12/07 12/07 12/06
ZIP Home Median Median
Community Code Sales Price Price Change
Santa Monica 90403 3 $900 $816 10.3%
Redondo Beach 90277 7 839 676 24.1%
Santa Monica 90405 5 770 607 26.9%
Studio City 91604 4 682 585 16.6%
L.AJWest L.A. 90025 11 660 700 -5.7%
Redondo Beach 90278 8 652 670 -2.7%
Rancio Palos Verdes 90275 3 634 515 23.1%
Northridge 91326 5 625 290 115.5%
L.A./W.Hollywood 90048 4 625 845 -26.0%
L.A./Brentwood 90049 7 623 625 -0.3%
CONDO PRICE LOSSES
12/07 12/07 12/06
ZIP Home Median Median
Community Code Sales Price Price Change
Marina del Rey 90292 46 $561 $948 -40.8%
L.A./Playa Vista 90094 30 458 741 -38.2%
Pacoima 91331 3 219 342 -36.0%
Tarzana 91356 7 309 463 -33.3%
Monterey Park 91754 12 260 388 -33.0%
Inglewood 90301 3 250 348 -28.2%
Pasadena 91106 8 408 565 -27.8%
Winnetka 91306 5 245 338 -27.5%
L.A./Hollywood 90028 6 510 700 -27.1%
L.A./LaurelCanyon 90046 3 400 548 -27.0%
Sale price in thousands
Source: HomeDara Corp., www.homedata.com
December 2007 Home Sales in L.A. County
ZIP Home Sales Percent
Community Code 2007 2006 Change
Los Angeles County 2,161 6,263 -65.5%
Acton 93510 5 8 -37.5%
Agoura Hills 91301 4 20 -80.0%
Alhambra 91801 4 15 -73.3%
Alhambra 91803 3 14 -78.6%
Altadena 91001 15 40 -62.5%
Arcadia 91006 19 23 -17.4%
Arcadia 91007 8 9 -11.1%
Artesia 90701 3 12 -75.0%
Azusa 91702 8 29 -72.4%
Baldwin Park 91706 12 34 -64.7%
Bell/Bell Gardens 90201 7 27 -74.1%
Bellflower 90706 10 43 -76.7%
Beverly Hills 90210 4 11 -63.6%
Beverly Hills 90211 2 2 0.0%
Burbank 91501 3 14 -78.6%
Burbank 91502 1 3 -66.7%
Burbank 91504 7 12 -41.7%
Burbank 91505 7 36 -80.6%
Burbank 91506 7 28 -75.0%
Calabasas 91302 10 30 -66.7%
Canoga Park 91303 1 8 -87.5%
Canoga Park 91304 10 24 -58.3%
Canyon Country 91351 4 29 -86.2%
Canyon Country 91387 16 35 -54.3%
Carson 90745 6 45 -86.7%
Carson 90746 6 14 -57.1%
Castaic 91384 8 25 -68.0%
Cerritos 90703 8 37 -78.4%
Chatsworth 91311 11 31 -64.5%
City of Commerce 90040 1 4 -75.0%
Claremont 91711 11 28 -60.7%
Compton 90220 9 38 -76.3%
Compton 90221 13 48 -72.9%
Compton 90222 10 24 -58.3%
Covina 91722 6 35 -82.9%
Covina 91723 3 14 -78.6%
Covina 91724 8 14 -42.9%
CuIverCity 90230 8 18 -55.6%
CuIverCity 90232 5 4 25.0%
Diamond Bar 91765 11 26 -57.7%
Downey 90240 10 23 -56.5%
Downey 90241 8 29 -72.4%
Downey 90242 15 33 -54.5%
Duarte--Bradbury 91010 3 12 -75.0%
El Monte 91732 6 28 -78.6%
El Monte--South El Monte 91733 6 13 -53.8%
El Segundo 90245 5 5 0.0%
Encino 91316 7 27 -74.1%
Encino 91436 4 16 -75.0%
Gardena 90247 4 18 -77.8%
Gardena 90249 7 27 -74.1%
Glendale 91201 9 9 0.0%
Glendale 91202 8 7 14.3%
Glendale 91203 1 4 -75.0%
Glendale 91204 2 1 100.0%
Glendale 91206 5 19 -73.7%
Glendale 91207 3 7 -57.1%
Glendale 91208 6 12 -50.0%
Glendale--La Crescenta 91214 16 21 -23.8%
Glendora 91740 5 10 -50.0%
Glendora 91741 9 22 -59.1%
Granada Hills 91344 13 63 -79.4%
Hacienda Heights 91745 11 41 -73.2%
Harbor City 90710 6 11 -45.5%
Hawaiian Gardens 90716 3 6 -50.0%
Hawthorne 90250 18 54 -66.7%
Hermosa Beach 90254 8 12 -333.0%
Huntington Park 90255 8 29 -72.4%
Inglewood 90301 6 11 -45.5%
Inglewood 90302 1 11 -90.9%
Inglewood 90303 4 19 -78.9%
Inglewood 90305 4 31 -87.1%
L.A. 90011 9 55 -83.6%
L.A. 90062 7 31 -77.4%
L.A./Baldwin Hills 90008 4 11 -63.6%
L.A./Baldwin Hills 90056 2 10 -80.0%
L.A./Bel-Air 90077 4 5 -20.0%
L.A./Brentwood 90049 6 9 -33.3%
L.A./Brooklyn Heights 90033 5 10 -50.0%
L.A./Chesterfield Square 90047 16 49 -67.3%
L.A./City College 90029 4 9 -55.6%
L.A./City Terrace 90063 4 24 -83.3%
L.A./Civic Center 90012 1 N/A N/A
L.A./Crenshaw District 90016 14 41 -65.9%
L.A./Eagle Rock 90041 5 14 -64.3%
L.A./East L.A. 90022 9 24 -62.5%
L.A./East L.A. 90023 5 17 -70.6%
L.A./Echo Park 90026 10 30 -66.7%
L.A./El Sereno 90032 9 23 -60.9%
L.A./Exposition Park 90037 7 43 -83.7%
L.A./Hancock Park 90004 5 12 -58.3%
L.A./Highland Park 90042 12 25 -52.0%
L.A./Hollywood 90028 1 5 -80.0%
L.A./Hollywood Hills 90068 13 28 -53.6%
L.A./Koreatown 90005 2 3 -33.3%
L.A./Koreatown 90006 4 14 -71.4%
L.A./Laurel Canyon 90046 10 13 0.0%
L.A./Lincoln Heights 90031 2 13 -84.6%
L.A./Los Feliz 90027 8 21 -61.9%
L.A./Mar Vista 90066 12 25 -52.0%
L.A./Mid-City 90019 9 32 -71.9%
L.A./Mid-Wilshire 90036 6 7 -14.3%
L.A./Mt. Washington 90065 8 25 -68.0%
L.A./Palms 90034 1 16 -93.8%
L.A./Playa Vista 90094 3 1 200.0%
L.A./Rancho Park 90064 13 8 62.5%
L.A./Silver Lake 90039 10 23 -56.5%
L.A./South Figueroa 90007 2 7 -71.4%
L.A./South L.A. 90001 6 30 -80.0%
L.A./South L.A. 90003 12 56 -78.6%
L.A./South L.A. 90044 15 76 -80.3%
L.A./South L.A. 90061 8 24 -66.7%
L.A./South L.A. 90248 1 6 -83.3%
L.A./South Robertson 90035 2 17 -88.2%
L.A./Watts 90002 11 48 -77.1%
L.A./West Adams 90018 3 22 -86.4%
L.A./West Hollywood 90038 1 3 -66.7%
L.A./West Hollywood 90048 4 19 -78.9%
L.A./West Hollywood 90069 1 8 -87.5%
L.A./West L.A. 90025 4 8 -50.0%
L.A./Westchester 90045 16 28 -42.9%
L.A./Westlake 90057 2 2 0.0%
L.A./Westwood 90024 1 6 -83.3%
L.A./Willowbrook 90059 11 39 -71.8%
L.A./Windsor Hills 90043 12 41 -70.7%
L.A./Windsor Square 90020 2 2 0.0%
La Canada Flintridge 91011 11 21 -47.6%
La Habra 90631 8 43 -81.4%
La Mirada 90638 16 28 -42.9%
La Puente 91744 13 46 -71.7%
La Puente 91746 7 22 -68.2%
La Verne 91750 5 25 -80.0%
Lakewood 90712 10 40 -75.0%
Lakewood 90713 12 25 -52.0%
Lakewood 90715 5 15 -66.7%
Lancaster 93534 18 57 -68.4%
Lancaster 93535 54 107 -49.5%
Lancaster 93536 66 118 -44.1%
Lawndale 90260 5 23 -78.3%
Lennox 90304 1 5 -80.0%
Littlerock 93543 6 13 -53.8%
Llano 93544 1 1 0.0%
Lomita 90717 7 7 0.0%
Long Beach 90802 1 5 -80.0%
Long Beach 90804 1 20 -95.0%
Long Beach 90805 12 62 -80.6%
Long Beach 90806 10 29 -65.5%
Long Beach 90807 18 33 -45.5%
Long Beach 90808 8 41 -80.5%
Long Beach 90810 5 26 -80.8%
Long Beach 90813 6 26 -76.9%
Long Beach 90814 6 13 -53.8%
Long Beach 90815 13 34 -61.8%
Long Beach--Belmont Shore 90803 12 19 -36.8%
Lynwood 90262 10 36 -72.2%
Malibu 90265 5 10 -50.0%
Manhattan Beach 90266 13 27 -1.9%
Marina del Rey 90292 1 2 -50.0%
Maywood 90270 2 8 -75.0%
Mission Hills 91345 4 14 -71.4%
Monrovia 91016 10 26 -61.5%
Montebello 90640 10 24 -58.3%
Monterey Park 91754 5 13 -61.5%
Monterey Park 91755 7 5 40.0%
Montrose 91020 3 4 -25.0%
Newhall 91321 6 14 -57.1%
North Hills 91343 11 35 -68.6%
North Hollywood 91601 3 20 -85.0%
North Hollywood 91602 4 9 -55.6%
North Hollywood 91605 9 27 -66.7%
North Hollywood 91606 5 11 -54.5%
Northridge 91324 6 22 -72.7%
Northridge 91325 4 27 -85.2%
Northridge 91326 20 57 -64.9%
Norwalk 90650 21 71 -70.4%
Pacific Palisades 90272 8 17 -52.9%
Pacoima 91331 17 49 -65.3%
Palmdale 93550 35 88 -60.2%
Palmdale 93551 36 82 -56.1%
Palmdale 93552 37 125 -70.40%
Palmdale 93591 2 16 -87.5%
Palos Verdes Estates 90274 6 16 -62.5%
Panorama City 91402 13 18 -27.8%
Paramount 90723 4 33 -87.9%
Pasadena 91101 2 2 0.0%
Pasadena 91103 6 16 -62.5%
Pasadena 91104 12 32 -62.5%
Pasadena 91105 3 10 -70.0%
Pasadena 91106 1 12 -91.7%
Pasadena 91107 9 31 -71.0%
Phillips Ranch 91766 23 41 -43.9%
Pico Rivera 90660 13 42 -69.0%
Playa del Rey 90293 5 1 400.0%
Pomona 91767 17 43 -60.5%
Pomona 91768 7 26 -73.1%
Rancho Palos Verdes 90275 9 33 -72.7%
Redondo Beach 90277 4 23 -82.6%
Redondo Beach 90278 12 18 -33.3%
Reseda 91335 15 58 -74.1%
Rosemead 91770 7 29 -75.9%
Rowland Heights 91748 11 23 -52.2%
San Dimas 91773 12 14 -14.3%
San Fernando 91340 1 25 -96.0%
San Gabriel 91775 2 21 -90.5%
San Gabriel 91776 8 14 -42.9%
San Marino 91108 11 5 120.0%
San Pedro 90731 7 42 -83.3%
San Pedro 90732 5 17 -70.6%
Santa Clarita 91350 32 42 -23.8%
Santa Clarita 91390 8 23 -65.2%
Santa Fe Springs 90670 3 10 -70.0%
Santa Monica 90402 4 8 -50.0%
Santa Monica 90403 2 1 100.0%
Santa Monica 90404 1 1 0.0%
Santa Monica 90405 4 10 -60.0%
Sherman Oaks 91403 7 25 -72.0%
Sherman Oaks 91423 12 17 -29.4%
Sierra Madre 91024 4 8 -50.0%
Signal Hill 90755 7 6 16.7%
South Gate 90280 14 59 -76.3%
South Pasadena 91030 9 12 -25.0%
Stevenson Ranch 91381 8 21 -61.9%
Studio City 91604 8 23 -65.2%
Sun Valley 91352 7 30 -76.7%
Sunland 91040 6 26 -76.9%
Sylmar 91342 18 65 -72.3%
Tarzana 91356 2 16 -87.5%
Temple City 91780 8 20 -60.0%
Torrance 90501 11 33 -66.7%
Torrance 90502 4 9 -55.6%
Torrance 90503 3 23 -87.0%
Torrance 90504 9 22 -59.1%
Torrance 90505 5 18 -72.2%
Tujunga 91042 6 32 -81.3%
Valencia 91354 29 36 -19.4%
Valencia 91355 15 23 -34.8%
Valley Village 91607 5 14 -64.3%
Van Nuys 91401 7 28 -75.0%
Van Nuys 91405 10 23 -56.5%
Van Nuys 91406 12 41 -70.7%
Van Nuys 91411 4 13 -69.2%
Venice 90291 7 17 -58.8%
Walnut 91789 13 30 -56.7%
West Covina 91790 7 29 -75.9%
West Covina 91791 10 19 -47.4%
West Covina 91792 7 20 -65.0%
West Hills 91307 11 24 -54.2%
Westlake Village 91361 10 18 -44.4%
Westlake Village 91362 13 33 -60.6%
Whittier 90601 6 14 -57.1%
Whittier 90602 3 17 -82.4%
Whittier 90603 2 18 -88.9%
Whittier 90604 9 28 -67.9%
Whittier 90605 4 23 -82.6%
Whittier 90606 8 23 -65.2%
Wilmington 90744 2 17 -88.2%
Winnetka 91306 15 36 -58.3%
Woodland Hills 91364 12 45 -73.3%
Woodland Hills 91367 13 33 -60.6%
Median Price
(thousands) Condo Sales
Percent
Community 2007 2006 Change 2007 2006
Los Angeles County $510 $550 -7.3% 608 1,414
Acton 440 728 -39.6% N/A N/A
Agoura Hills 1,038 742 39.9% 3 4
Alhambra 680 645 5.4% 4 23
Alhambra 600 522 14.9% N/A 3
Altadena 580 680 -14.7% N/A N/A
Arcadia 680 755 -9.9% 4 4
Arcadia 1,313 795 65.2% 2 11
Artesia 480 448 7.1% 1 N/A
Azusa 485 475 2.1% 2 5
Baldwin Park 406 447 -9.2% 2 8
Bell/Bell Gardens 690 528 30.7% N/A 3
Bellflower 478 515 -7.2% 3 6
Beverly Hills 1,872 1,700 10.1% 1 6
Beverly Hills 1,744 1,150 51.7% 1 2
Burbank 730 712 2.5% 1 7
Burbank 575 601 -4.3% N/A 8
Burbank $420 $655 -35.9% 4 5
Burbank $525 $633 -17.1% 4 2
Burbank 620 697 -11.0% N/A 3
Calabasas 1,736 985 76.2% 2 2
Canoga Park 580 535 8.4% 2 10
Canoga Park 587 564 4.1% 1 7
Canyon Country 392 520 -24.6% N/A 9
Canyon Country 556 596 -6.7% 2 16
Carson 472 515 -8.3% 8 8
Carson 575 585 -1.7% N/A 2
Castaic 532 505 5.3% N/A 1
Cerritos 598 655 -8.7% N/A N/A
Chatsworth 690 685 0.7% 1 10
City of Commerce 395 441 -10.4% N/A N/A
Claremont 525 586 -10.4% N/A 1
Compton 350 417 -16.1% N/A 2
Compton 388 414 -6.3% N/A 1
Compton 398 385 3.4% N/A N/A
Covina 416 465 -10.5% N/A 1
Covina 435 530 -17.9% N/A 2
Covina 506 570 -11.2% N/A 5
CuIverCity 702 682 2.9% 6 14
CuIverCity 589 728 -19.1% N/A 1
Diamond Bar 480 692 -30.6% 8 17
Downey 428 650 -34.2% 1 3
Downey 560 640 -12.5% 1 4
Downey 434 550 -21.1% 4 1
Duarte--Bradbury 375 470 -20.2% 2 N/A
El Monte 396 469 -15.6% N/A 8
El Monte--South El Monte 452 560 -19.3% 1 1
El Segundo 1,140 859 32.7% N/A 3
Encino 1,250 709 76.3% 9 15
Encino 1,081 1,100 -1.7% N/A 1
Gardena 500 595 -16.0% 3 11
Gardena 430 535 -19.6% N/A 2
Glendale 720 755 -4.6% N/A 5
Glendale 948 960 -1.3% 4 6
Glendale 1,050 608 72.7% 5 5
Glendale 550 499 10.2% N/A 3
Glendale 960 770 24.7% 5 6
Glendale 1,150 825 39.4% 3 2
Glendale 900 822 9.5% N/A 1
Glendale--La Crescenta 675 700 -3.6% 1 2
Glendora 435 470 -7.4% N/A 1
Glendora 530 566 -6.4% N/A N/A
Granada Hills 620 650 -4.6% 1 4
Hacienda Heights 585 530 10.4% 4 8
Harbor City 475 580 -18.1% 1 6
Hawaiian Gardens 585 435 34.5% 2 1
Hawthorne 495 562 -11.9% 1 9
Hermosa Beach 972 1,372 -29.2% 1 4
Huntington Park 465 529 -12.1% 1 4
Inglewood 402 540 -25.6% 3 11
Inglewood 300 500 -40.0% 6 12
Inglewood 416 509 -18.3% N/A 1
Inglewood 570 585 -2.6% 1 5
L.A. 535 495 8.1% N/A 1
L.A. 513 510 0.6% N/A N/A
L.A./Baldwin Hills 500 575 -13.0% 1 1
L.A./Baldwin Hills 995 858 16.0% 1 1
L.A./Bel-Air 1,538 2,395 -35.8% N/A N/A
L.A./Brentwood 2,426 1,686 43.9% 7 19
L.A./Brooklyn Heights 500 490 2.0% N/A N/A
L.A./Chesterfield Square 438 480 -8.8% 1 N/A
L.A./City College 491 554 -11.4% 1 8
L.A./City Terrace 522 445 17.3% N/A N/A
L.A./Civic Center 490 N/A N/A 4 N/A
L.A./Crenshaw District 544 500 8.8% N/A 3
L.A./Eagle Rock 525 605 -13.2% N/A 1
L.A./East L.A. 430 475 -9.5% N/A N/A
L.A./East L.A. 380 455 -16.5% N/A N/A
L.A./Echo Park 688 656 4.9% N/A 1
L.A./El Sereno 355 520 -31.7% N/A 1
L.A./Exposition Park 424 527 -19.5% N/A 1
L.A./Hancock Park 1,300 910 42.9% 4 8
L.A./Highland Park 456 525 -13.1% 2 6
L.A./Hollywood 2,125 979 117.1% 6 5
L.A./Hollywood Hills 1,185 1,160 2.2% N/A 6
L.A./Koreatown 1,188 975 21.8% 6 9
L.A./Koreatown 1,268 714 77.6% N/A 2
L.A./Laurel Canyon 1,232 1,300 -5.2% 3 14
L.A./Lincoln Heights 432 525 -17.7% N/A N/A
L.A./Los Feliz 702 813 -13.7% 1 4
L.A./Mar Vista $815 $800 1.9% 3 9
L.A./Mid-City 760 805 -5.6% N/A N/A
L.A./Mid-Wilshire 1,387 1,430 -3.0% N/A 3
L.A./Mt. Washington 562 520 8.1% N/A N/A
L.A./Palms 805 795 1.3% N/A 6
L.A./Playa Vista 750 840 -10.7% 30 5
L.A./Rancho Park 1,380 838 64.7% 6 4
L.A./Silver Lake 698 695 0.4% N/A N/A
L.A./South Figueroa 623 605 3.0% N/A N/A
L.A./South L.A. 425 468 -9.2% N/A N/A
L.A./South L.A. 450 478 -5.9% N/A N/A
L.A./South L.A. 475 452 5.1% 1 4
L.A./South L.A. 370 437 -15.3% N/A N/A
L.A./South L.A. 500 522 -4.2% 1 1
L.A./South Robertson 1,090 1,058 3.0% 2 11
L.A./Watts 439 425 3.3% N/A 2
L.A./West Adams 730 594 22.9% N/A N/A
L.A./West Hollywood 280 2,200 -87.3% 1 1
L.A./West Hollywood 1,280 1,250 2.4% 4 7
L.A./West Hollywood 3,725 1,105 237.1% 10 19
L.A./West L.A. 1,214 1,168 3.9% 11 17
L.A./Westchester 714 814 -12.3% N/A 1
L.A./Westlake 322 1,148 -72.0% N/A 3
L.A./Westwood 1,275 1,451 -12.1% 5 18
L.A./Willowbrook 405 395 2.5% N/A N/A
L.A./Windsor Hills 528 550 -4.0% N/A N/A
L.A./Windsor Square 1,452 2,908 -50.1% 1 8
La Canada Flintridge 1,339 1,220 9.8% N/A N/A
La Habra 734 580 26.6% 1 18
La Mirada 440 565 -22.1% 2 4
La Puente 390 442 -11.8% 2 N/A
La Puente 367 480 -23.5% N/A N/A
La Verne 369 690 -46.5% N/A 2
Lakewood 482 519 -7.1% N/A N/A
Lakewood 459 525 -12.6% 1 N/A
Lakewood 390 490 -20.4% N/A 2
Lancaster 188 310 -39.4% 4 N/A
Lancaster 240 316 -24.1% 1 7
Lancaster 345 412 -16.3% N/A 4
Lawndale 432 583 -25.9% 3 2
Lennox 640 440 45.5% N/A 1
Littlerock 284 385 -26.2% N/A N/A
Llano 247 300 -17.7% N/A N/A
Lomita 562 585 -3.9% 2 2
Long Beach 685 475 44.2% 26 47
Long Beach 475 545 -12.8% 4 13
Long Beach 445 475 -6.3% N/A 4
Long Beach 468 549 -14.8% 2 1
Long Beach 548 568 -3.5% 1 9
Long Beach 495 600 -17.5% N/A 1
Long Beach 422 460 -8.3% N/A 2
Long Beach 348 522 -33.3% 2 16
Long Beach 715 750 -4.7% 2 10
Long Beach 565 608 -7.1% 1 5
Long Beach--Belmont Shore 898 1,000 -10.2% 1 6
Lynwood 420 470 -10.6% N/A 2
Malibu 1,400 1,120 25.0% N/A 2
Manhattan Beach 1,824 1,490 22.4% N/A 2
Marina del Rey 3,600 1,441 149.8% 46 23
Maywood 335 454 -26.2% 1 N/A
Mission Hills 405 518 -21.8% 1 2
Monrovia 490 602 -18.6% 5 8
Montebello 488 552 -11.6% 1 2
Monterey Park 570 599 -4.8% 12 1
Monterey Park 567 515 10.1% 2 4
Montrose 670 662 1.2% 2 3
Newhall 498 545 -8.6% 3 3
North Hills 485 600 -19.2% 7 9
North Hollywood 600 606 -1.0% 2 5
North Hollywood 1,420 915 55.2% 7 10
North Hollywood 527 545 -3.3% N/A 2
North Hollywood 720 589 22.2% 2 4
Northridge 563 600 -6.2% 2 3
Northridge 610 700 -12.9% 3 4
Northridge 774 780 -0.8% 5 3
Norwalk 440 490 -10.2% 1 5
Pacific Palisades 1,740 1,655 5.1% N/A N/A
Pacoima 400 510 -21.6% 3 8
Palmdale 242 320 -24.4% 1 7
Palmdale 358 454 -21.1% N/A N/A
Palmdale 292 406 -28.1% N/A N/A
Palmdale $220 $298 -26.2% N/A N/A
Palos Verdes Estates 1,662 1,485 11.9% 2 3
Panorama City 413 528 -21.8% 5 23
Paramount 478 525 -9.0% 3 9
Pasadena 642 655 -2.0% 6 10
Pasadena 502 990 -49.3% 2 2
Pasadena 608 668 -9.0% N/A 1
Pasadena 1,490 942 58.2% N/A 3
Pasadena 939 866 8.4% 8 11
Pasadena 875 760 15.1% 4 8
Phillips Ranch 417 415 0.5% 1 3
Pico Rivera 397 492 -19.3% 2 5
Playa del Rey 1,150 2,250 -48.9% 9 17
Pomona 377 414 -8.9% 4 5
Pomona 408 425 -4.0% N/A N/A
Rancho Palos Verdes 1,000 965 3.6% 3 5
Redondo Beach 928 850 9.2% 7 16
Redondo Beach 794 742 7.0% 8 25
Reseda 451 534 -15.5% 4 18
Rosemead 480 515 -6.8% N/A 1
Rowland Heights 480 720 -33.3% N/A N/A
San Dimas 444 475 -6.5% N/A N/A
San Fernando 365 530 -31.1% 1 2
San Gabriel 492 735 -33.1% 1 2
San Gabriel 538 526 2.3% 1 7
San Marino 1,380 925 49.2% N/A 1
San Pedro 585 595 -1.7% 1 8
San Pedro 725 555 30.6% 1 5
Santa Clarita 450 521 -13.6% 2 4
Santa Clarita 570 758 -24.8% 4 2
Santa Fe Springs 477 505 -5.5% N/A 1
Santa Monica 2,700 2,801 -3.6% N/A N/A
Santa Monica 1,307 660 98.0% 3 12
Santa Monica 650 775 -16.1% 1 9
Santa Monica 1,240 1,035 19.8% 5 9
Sherman Oaks 940 1,070 -12.1% 5 9
Sherman Oaks 725 1,125 -35.6% 2 16
Sierra Madre 1,275 850 50.0% 2 1
Signal Hill 585 765 -23.5% 1 5
South Gate 402 495 -18.8% 1 3
South Pasadena 775 941 -17.6% 1 3
Stevenson Ranch 731 805 -9.2% 1 9
Studio City 892 1,050 -15.0% 4 12
Sun Valley 450 500 -10.0% 1 4
Sunland 465 622 -25.2% 1 3
Sylmar 508 545 -6.8% 11 26
Tarzana 538 855 -37.1% 7 19
Temple City 660 582 13.4% 2 8
Torrance 560 660 -15.2% 13 5
Torrance 443 547 -19.0% 2 14
Torrance 732 755 -3.0% 4 14
Torrance 555 575 -3.5% N/A N/A
Torrance 700 741 -5.5% 2 2
Tujunga 408 555 -26.5% 2 2
Valencia 410 564 -27.3% 3 1
Valencia 590 611 -3.4% 6 28
Valley Village 775 716 8.2% 3 6
Van Nuys 625 640 -2.3% 2 7
Van Nuys 542 583 -7.0% 8 9
Van Nuys 464 550 -15.6% N/A 17
Van Nuys 515 600 -14.2% 3 1
Venice 1,225 1,190 2.9% N/A 2
Walnut 565 608 -7.1% N/A N/A
West Covina 420 528 -20.5% N/A N/A
West Covina 722 590 22.4% N/A 1
West Covina 381 502 -24.1% N/A 3
West Hills 565 644 -12.3% N/A 1
Westlake Village 927 875 5.9% N/A 3
Westlake Village 900 736 22.3% 1 6
Whittier 528 605 -12.7% 2 3
Whittier 600 580 3.4% N/A 1
Whittier 470 560 -16.1% 1 2
Whittier 493 545 -9.5% 3 3
Whittier 415 510 -18.6% N/A 1
Whittier 429 516 -16.9% N/A N/A
Wilmington 592 515 15.0% N/A 2
Winnetka 425 548 -22.4% 5 18
Woodland Hills 651 745 -12.6% N/A 1
Woodland Hills 677 775 -12.6% N/A 33
Median Price
(thousands)
Percent Percent
Community Change 2007 2006 Change
Los Angeles County -57.0% $432 $415 4.1%
Acton N/A N/A N/A N/A
Agoura Hills -25.0% 400 380 5.3%
Alhambra -82.6% 405 435 -6.9%
Alhambra N/A N/A 365 N/A
Altadena N/A N/A N/A N/A
Arcadia 0.0% 585 650 -10.0%
Arcadia -81.8% 553 499 10.8%
Artesia N/A 320 N/A N/A
Azusa -60.0% 235 340 -30.9%
Baldwin Park -75.0% 436 348 25.3%
Bell/Bell Gardens N/A N/A 325 N/A
Bellflower -50.0% 325 394 -17.5%
Beverly Hills -83.3% 999 662 50.9%
Beverly Hills -50.0% 1,360 552 146.4%
Burbank -85.7% 425 518 -18.0%
Burbank N/A N/A 489 N/A
Burbank -20.0% 347 395 -12.2%
Burbank 100.0% $477 $494 -3.4%
Burbank N/A N/A 410 N/A
Calabasas 0.0% 392 465 -15.7%
Canoga Park -80.0% 254 366 -30.6%
Canoga Park -85.7% 246 300 -18.0%
Canyon Country N/A N/A 340 N/A
Canyon Country -87.5% 352 322 9.3%
Carson 0.0% 500 410 22.0%
Carson N/A N/A 472 N/A
Castaic N/A N/A 475 N/A
Cerritos N/A N/A N/A N/A
Chatsworth -90.0% 320 451 -29.0%
City of Commerce N/A N/A N/A N/A
Claremont N/A N/A 510 N/A
Compton N/A N/A 275 N/A
Compton N/A N/A 610 N/A
Compton N/A N/A N/A N/A
Covina N/A N/A 392 N/A
Covina N/A N/A 445 N/A
Covina N/A N/A 359 N/A
CuIverCity -57.1% 414 390 6.2%
CuIverCity N/A N/A 632 N/A
Diamond Bar -52.9% 360 355 1.4%
Downey -66.7% 460 500 -8.0%
Downey -75.0% 259 498 -48.0%
Downey 300.0% 448 320 40.0%
Duarte--Bradbury N/A 300 N/A N/A
El Monte N/A N/A 396 N/A
El Monte--South El Monte 0.0% 280 795 -64.8%
El Segundo N/A N/A 516 N/A
Encino -40.0% 376 350 7.4%
Encino N/A N/A 995 N/A
Gardena -72.7% 364 370 -1.6%
Gardena N/A N/A 345 N/A
Glendale N/A N/A 395 N/A
Glendale -33.3% 420 470 -10.6%
Glendale 0.0% 450 391 15.1%
Glendale N/A N/A 445 N/A
Glendale -16.7% 330 377 -12.5%
Glendale 50.0% 357 392 -8.9%
Glendale N/A N/A 322 N/A
Glendale--La Crescenta -50.0% 280 328 -14.6%
Glendora N/A N/A 389 N/A
Glendora N/A N/A N/A N/A
Granada Hills -75.0% 290 410 -29.3%
Hacienda Heights -50.0% 330 324 1.9%
Harbor City -83.3% 375 402 -6.7%
Hawaiian Gardens 100.0% 335 280 19.6%
Hawthorne -88.9% 440 445 -1.1%
Hermosa Beach -75.0% 945 574 64.6%
Huntington Park -75.0% 315 321 -1.9%
Inglewood -72.7% 250 348 -28.2%
Inglewood -50.0% 318 334 -4.8%
Inglewood N/A N/A 259 N/A
Inglewood -80.0% 400 405 -1.2%
L.A. N/A N/A 519 N/A
L.A. N/A N/A N/A N/A
L.A./Baldwin Hills 0.0% 420 220 90.9%
L.A./Baldwin Hills 0.0% 145 480 -69.8%
L.A./Bel-Air N/A N/A N/A N/A
L.A./Brentwood -63.2% 623 625 -0.3%
L.A./Brooklyn Heights N/A N/A N/A N/A
L.A./Chesterfield Square N/A 175 N/A N/A
L.A./City College -87.5% 430 458 -610.0%
L.A./City Terrace N/A N/A N/A N/A
L.A./Civic Center N/A 410 N/A N/A
L.A./Crenshaw District N/A N/A 610 N/A
L.A./Eagle Rock N/A N/A 338 N/A
L.A./East L.A. N/A N/A N/A N/A
L.A./East L.A. N/A N/A N/A N/A
L.A./Echo Park N/A N/A 799 N/A
L.A./El Sereno N/A N/A 365 N/A
L.A./Exposition Park N/A N/A 415 N/A
L.A./Hancock Park -50.0% 515 685 -24.8%
L.A./Highland Park -66.7% 438 332 31.9%
L.A./Hollywood 20.0% 510 700 -2710.0%
L.A./Hollywood Hills N/A N/A 461 N/A
L.A./Koreatown -33.3% 456 620 -26.5%
L.A./Koreatown N/A N/A 550 N/A
L.A./Laurel Canyon -78.6% 400 548 -27.0%
L.A./Lincoln Heights N/A N/A N/A N/A
L.A./Los Feliz -75.0% 770 358 115.1%
L.A./Mar Vista -66.7% $549 $460 19.3%
L.A./Mid-City N/A N/A N/A N/A
L.A./Mid-Wilshire N/A N/A 390 N/A
L.A./Mt. Washington N/A N/A N/A N/A
L.A./Palms N/A N/A 332 N/A
L.A./Playa Vista 500.0% 458 741 -38.2%
L.A./Rancho Park 50.0% 554 529 4.7%
L.A./Silver Lake N/A N/A N/A N/A
L.A./South Figueroa N/A N/A N/A N/A
L.A./South L.A. N/A N/A N/A N/A
L.A./South L.A. N/A N/A N/A N/A
L.A./South L.A. -75.0% 260 645 -59.7%
L.A./South L.A. N/A N/A N/A N/A
L.A./South L.A. 0.0% 200 565 -64.6%
L.A./South Robertson -81.8% 782 675 15.9%
L.A./Watts N/A N/A 574 N/A
L.A./West Adams N/A N/A N/A N/A
L.A./West Hollywood 0.0% 475 557 -14.7%
L.A./West Hollywood -42.9% 625 845 -26.0%
L.A./West Hollywood -47.4% 474 510 -7.1%
L.A./West L.A. -35.3% 660 700 -5.7%
L.A./Westchester N/A N/A 487 N/A
L.A./Westlake N/A N/A 225 N/A
L.A./Westwood -72.2% 614 523 17.4%
L.A./Willowbrook N/A N/A N/A N/A
L.A./Windsor Hills N/A N/A N/A N/A
L.A./Windsor Square -87.5% 325 410 -20.7%
La Canada Flintridge N/A N/A N/A N/A
La Habra -94.4% 240 335 -28.4%
La Mirada -50.0% 412 292 41.1%
La Puente N/A 484 N/A N/A
La Puente N/A N/A N/A N/A
La Verne N/A N/A 324 N/A
Lakewood N/A N/A N/A N/A
Lakewood N/A 155 N/A N/A
Lakewood N/A N/A 378 N/A
Lancaster N/A 178 N/A N/A
Lancaster -85.7% 145 190 -23.7%
Lancaster N/A N/A 255 N/A
Lawndale 50.0% 335 365 -8.2%
Lennox N/A N/A 522 N/A
Littlerock N/A N/A N/A N/A
Llano N/A N/A N/A N/A
Lomita 0.0% 422 277 52.3%
Long Beach -44.7% 430 395 8.9%
Long Beach -69.2% 325 368 -11.7%
Long Beach N/A N/A 244 N/A
Long Beach 100.0% 388 850 -54.4%
Long Beach -88.9% 360 350 2.9%
Long Beach N/A N/A 358 N/A
Long Beach N/A N/A 275 N/A
Long Beach -87.5% 374 342 9.4%
Long Beach -80.0% 335 390 -14.1%
Long Beach -80.0% 393 316 24.4%
Long Beach--Belmont Shore -83.3% 567 456 24.3%
Lynwood N/A N/A 662 N/A
Malibu N/A N/A 995 N/A
Manhattan Beach N/A N/A 950 N/A
Marina del Rey 100.0% 561 948 -40.8%
Maywood N/A 358 N/A N/A
Mission Hills -50.0% 259 410 -36.8%
Monrovia -37.5% 475 414 14.7%
Montebello -50.0% 315 430 -26.7%
Monterey Park 1100.0% 260 388 -33.0%
Monterey Park -50.0% 394 422 -6.6%
Montrose -33.3% 455 504 -9.7%
Newhall 0.0% 280 317 -11.7%
North Hills -22.2% 354 359 -1.4%
North Hollywood -60.0% 340 375 -9.3%
North Hollywood -30.0% 429 496 -13.5%
North Hollywood N/A N/A 397 N/A
North Hollywood -50.0% 380 385 -1.3%
Northridge -33.3% 375 434 -13.6%
Northridge -25.0% 400 368 8.7%
Northridge 66.7% 625 290 115.5%
Norwalk -80.0% 375 405 -7.4%
Pacific Palisades N/A N/A N/A N/A
Pacoima -62.5% 219 342 -36.0%
Palmdale -85.7% 115 220 -47.7%
Palmdale N/A N/A N/A N/A
Palmdale N/A N/A N/A N/A
Palmdale N/A N/A N/A N/A
Palos Verdes Estates -33.3% $345 $315 9.5%
Panorama City -78.3% 309 345 -10.4%
Paramount -66.7% 274 336 -18.5%
Pasadena -40.0% 440 499 -11.8%
Pasadena 0.0% 495 524 -5.5%
Pasadena N/A N/A 314 N/A
Pasadena N/A N/A 555 N/A
Pasadena -27.3% 408 565 -27.8%
Pasadena -50.0% 376 477 -21.2%
Phillips Ranch -66.7% 245 625 -60.8%
Pico Rivera -60.0% 290 385 -24.7%
Playa del Rey -47.1% 516 505 2.2%
Pomona -20.0% 232 300 -22.7%
Pomona N/A N/A N/A N/A
Rancho Palos Verdes -40.0% 634 515 23.1%
Redondo Beach -56.3% 839 676 24.1%
Redondo Beach -68.0% 652 670 -2.7%
Reseda -77.8% 302 402 -24.9%
Rosemead N/A N/A 550 N/A
Rowland Heights N/A N/A N/A N/A
San Dimas N/A N/A N/A N/A
San Fernando -50.0% 285 378 -24.6%
San Gabriel -50.0% 340 415 -18.1%
San Gabriel -85.7% 295 390 -24.4%
San Marino N/A N/A 781 N/A
San Pedro -87.5% 593 388 52.8%
San Pedro -80.0% 299 383 -21.9%
Santa Clarita -50.0% 441 450 -2.0%
Santa Clarita 100.0% 298 394 -24.4%
Santa Fe Springs N/A N/A 355 N/A
Santa Monica N/A N/A N/A N/A
Santa Monica -75.0% 900 816 10.3%
Santa Monica -88.9% 1,010 630 60.3%
Santa Monica -44.4% 770 607 26.9%
Sherman Oaks -44.4% 535 589 -9.2%
Sherman Oaks -87.5% 432 442 -2.3%
Sierra Madre 100.0% 672 590 13.9%
Signal Hill -80.0% 454 370 22.7%
South Gate -66.7% 307 530 -42.1%
South Pasadena -66.7% 455 571 -20.3%
Stevenson Ranch -88.9% 417 414 0.7%
Studio City -66.7% 682 585 16.6%
Sun Valley -75.0% 455 331 37.5%
Sunland -66.7% 330 410 -19.5%
Sylmar -57.7% 310 358 -13.4%
Tarzana -63.2% 309 463 -33.3%
Temple City -75.0% 525 526 -0.2%
Torrance 160.0% 605 615 -1.6%
Torrance -85.7% 354 392 -9.7%
Torrance -71.4% 570 480 18.8%
Torrance N/A N/A N/A N/A
Torrance 0.0% 350 594 -41.1%
Tujunga 0.0% 377 352 7.1%
Valencia 200.0% 383 375 2.1%
Valencia -78.6% 317 370 -14.3%
Valley Village -50.0% 339 441 -23.1%
Van Nuys -71.4% 405 420 -3.6%
Van Nuys -11.1% 307 325 -5.5%
Van Nuys N/A N/A 338 N/A
Van Nuys 200.0% 338 454 -25.6%
Venice N/A N/A 937 N/A
Walnut N/A N/A N/A N/A
West Covina N/A N/A N/A N/A
West Covina N/A N/A 210 N/A
West Covina N/A N/A 365 N/A
West Hills N/A N/A 500 N/A
Westlake Village N/A N/A 388 N/A
Westlake Village -83.3% 245 358 -31.6%
Whittier -33.3% 188 360 -47.8%
Whittier N/A N/A 350 N/A
Whittier -50.0% 295 373 -20.9%
Whittier 0.0% 350 302 15.9%
Whittier N/A N/A 280 N/A
Whittier N/A N/A N/A N/A
Wilmington N/A N/A 405 N/A
Winnetka -72.2% 245 338 -27.5%
Woodland Hills N/A N/A 290 N/A
Woodland Hills N/A N/A 290 N/A
N/A = Not Applicable
Source: HomeData Corp.
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