Million-dollar sales of L.A. homes rise at remarkable pace.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 a 2,700-square-foot property in Tarzana that even the real estate agent acknowledges epitomizes "a middle-class middle class n. The socioeconomic class between the working class and the upper class. mid  dle-class tract
home." Sitting on a 12,000-square-foot lot, it has four bedrooms,
three bathrooms, an open patio patioIn Spanish and Latin American architecture, a courtyard open to the sky within a building. A Spanish development of the Roman atrium, it is comparable to the Italian cortile but provides more seclusion, possibly due to Moorish custom. The patio of the contemporary U.S. and was built in 1959. "It's not a mansion MANSION. This term is synonymous with house. (q.v.) 1 Chit. Pr. 167; 2 T. R. 502; 1 Tho. Co. Litt. 215, n. 35; 9 B. & C. 681; S. C. 17 E. C. L. R. 472, and the cases there cited; Com. Dig. Justices, P 5; 3 Serg. & Rawle, 199. . In fact, it's the opposite of a mansion," said Joan Joan of Arc, St. (1412–1431) heroically followed call to save France. [Christian Hagiog.: Attwater, 187] See : Patriotism Duffy Duffy is a surname of Irish origin. It comes from the original Irish name Ó Dubhthaigh, meaning descendant or grandson of Dubhthach. Dubhthach was an Old Irish first name meaning "Dark one". , with Prudential Prudential is the name of two different companies and buildings named after them: Companies:
Price tag? $1.3 million. In another sign of how the continuing real estate boom is transforming 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. , middle-class neighborhoods have entered the seven-digit world. A Business Journal analysis of home sales in L.A. County shows that 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. in North Hollywood Hollywood. 1 Community within the city of Los Angeles, S Calif., on the slopes of the Santa Monica Mts.; inc. 1903, consolidated with Los Angeles 1910. , Tarzana, Glendale Glendale. 1 City (1990 pop. 148,134), Maricopa co., S central Ariz., adjacent to Phoenix; inc. 1910. It is located in a rich agricultural region irrigated by the Salt River project. Glendale has become one of the fastest-growing U.S. , Rancho ran·cho n. pl. ran·chos Southwestern U.S. 1. A hut or group of huts for housing ranch workers. 2. A ranch. Park and the heart of Hollywood now boast median home prices exceeding $1 million. The data, provided by Melville, N.Y.-based HomeData Corp., also shows that communities like Arcadia Arcadia, region of ancient Greece Arcadia (ärkā`dēə), region of ancient Greece, in the middle of the Peloponnesus, without a seaboard, and surrounded and dissected by mountains. and Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. are knocking on the door. ZIP codes in those areas and others are likely to pass the million-dollar mark if prices keep rising to the end of the year. In fact, the notion of a million-dollar home as a psychological barrier has all but disappeared, especially now that the median price of a home in L.A. County has topped a half-million dollars. "The million-dollar home used to be huge. Now it's nothing anymore," said Susan SUSAN Smallest Univalue Segment Assimilating Nucleus SUSAN Sub Saharan African Network SUSAN Smart Ultrasonic System for Aircraft NDE Barber A barber (from the Latin barba, "beard") is someone whose occupation is to cut any type of hair, give shaves, and trim beards. In previous times, barbers also performed surgery and dentistry. , a residential real estate agent with Simi Valley-based Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Executive Professionals. "Middle-class professionals are buying million-dollar homes all over L.A." Barber is marketing a 1950s 3-bedroom tract home in Tanzana for $959,000, and has sold similar-sized homes nearby for over $1 million. "If the homes in that neighborhood you want to live in are more than $1 million, that's the price you have to pay," said David Bitran, an appraisal manager who just moved into a $1.1 million, 3,700-square-foot home in Tarzana. In July July: see month. , the median price for an existing home in L.A. County rose 20.9 percent to $515,000 from $426,000 a year earlier, 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 numbers. In June June: see month. , the median price was $501,000. Condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. prices rose 15.6 percent, to $385,000 in July from $333,000 a year earlier. They were unchanged from June. The surge See power surge. SURGE - Sorter, Updater, Report Generator, Etc. IBM 704, 1959. Sammet 1969, p.8. in home values has been fueled by low inventories and a lack of available land, combined with demand driven by low interest rates and creative mortgage financing. As home prices continue to rise, more are crossing the million-dollar threshold The point at which a signal (voltage, current, etc.) is perceived as valid. , said John Karevoll, an analyst with San Diego-based DataQuick Information Systems. From 2001 to 2004, the number of L.A. County homes and condos that sold for at least $1 million tripled, to 7,860, according to DataQuick. Those figures, updated once a year, include new and resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. homes. The trend has been accelerating in 2005. Just counting resales, more than 4,500 homes and condos traded hands for $1 million or above in the first six months of the year, according to HomeData figures. Prices this high are transforming the appearance of some neighborhoods. "If you do a modest renovation of a home valued at $700,000 in certain neighborhoods, you can push the sale value to $1 million, which is a great incentive for people to fix up their homes," said Alan A`lan´ n. 1. A wolfhound. Long, president of the 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, region of Sotheby's International Realty Sotheby’s International Realty, founded in 1976, is a luxury real estate network that offers a collection of luxury homes, estates and properties for sale throughout the world. . Some homeowners are doing more than modest renovations. They are tearing tear·ing n. Epiphora. down homes and building much larger ones in their place, a process that's become known as "mansionization." Because of their size, the rebuilt homes now almost always top $1 million. But the practice has sparked a backlash in some communities, whose residents say that the larger homes are out of character for the neighborhoods. Last month, the L.A. City Council enacted an emergency ordinance A law, statute, or regulation enacted by a Municipal Corporation. An ordinance is a law passed by a municipal government. A municipality, such as a city, town, village, or borough, is a political subdivision of a state within which a municipal corporation has been banning the practice in the Sunland-Tujunga area. In the longer run, there's another potential downside Downside The dollar amount by which the market or a stock has the potential to fall. Notes: You might hear someone say that the downside on stock XYZ is $10. What that means is that the stock could fall by this amount if things got bad. to the spread of million-dollar homes: what will happen to relatively new owners when home prices flatten flatten - To remove structural information, especially to filter something with an implicit tree structure into a simple sequence of leaves; also tends to imply mapping to flat ASCII. "This code flattens an expression with parentheses into an equivalent canonical form." or even decline? "When this does play out, whenever that may be, it's this part of the market that's going to ease back first," Karevoll said. "The people buying these homes have some money, so these are discretionary purchases, not ones where you just need any roof over your head." But if interest rate hikes cause monthly payments to move out of reach or it appears that home prices won't won't Contraction of will not. won't will not won't will keep going up, demand for million-dollar tract homes could drop. "When truly mediocre me·di·o·cre adj. Moderate to inferior in quality; ordinary. See Synonyms at average. [French médiocre, from Latin mediocris : medius, middle; see medhyo- homes are going for $1 million, that's when you know you're you're Contraction of you are. you're you are you're be in a real estate bubble This article is about the general phenomenon of housing bubbles. For housing bubbles in various countries, see below. A real estate bubble or property bubble (or housing bubble ," said Chris CHRIS Chemical Hazards Response Information System (US DoD) CHRIS California Historical Resources Information System CHRIS Computerized Human Resources Information System CHRIS Command Human Resources Intelligence System Thornberg, senior economist This article is about the profession. For the news publication, see The Economist. An economist is an expert in the social science of economics.[1] with the Anderson School of Management Anderson School of Management may refer to:
He and his colleagues at UCLA UCLA University of California at Los Angeles UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX declared de·clare v. de·clared, de·clar·ing, de·clares v.tr. 1. To make known formally or officially. See Synonyms at announce. 2. To state emphatically or authoritatively; affirm. 3. the housing market a bubble A bit in bubble memory or a symbol in a bubble chart. 18 months ago, and since then, prices have only accelerated. Thornberg maintains that prices are "way out of whack whack v. whacked, whack·ing, whacks v.tr. 1. To strike (someone or something) with a sharp blow; slap. 2. Slang To kill deliberately; murder. v.intr. " with underlying fundamentals like rents. "It's being driven by people who are buying homes because they believe prices will go up 10 percent or more next year," he said. Even so, Thornberg says it's not necessarily a mistake to pay $1 million for a home in a middle-class neighborhood. "If you are planning to live in the home for a long time and are comfortable with the prospect that in 2010 or 2011 the home could still be around $1 million, then it may make sense to buy," he said. That's the strategy adopted by Bitran when he purchased his Tarzana home earlier this year. "We plan to live here for 20 years, so we're we're Contraction of we are. we're we are prepared for any short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. dip dip, in agriculture, method of treating animals (chiefly livestock) infested with skin parasites such as mites, ticks, and warbles. The animal is dipped into or forced to swim through a tank filled with an insecticide solution. in value," he said. At first, he and his wife weren't were·n't Contraction of were not. weren't were not planning to become members of the million-dollar club. "We were looking in the $700,000 range. It wasn't was·n't Contraction of was not. wasn't was not wasn't be until we started to look at a particular school district on the south side of Ventura Boulevard Ventura Boulevard is one of the primary east-west thouroughfares in the San Fernando Valley; as it was originally a part of the El Camino Real (the trail between Spanish missions), Ventura Boulevard is the oldest route in the San Fernando Valley. It was also U.S. that our price range changed," he said. "Homes the size of the one we had or even slightly smaller were going for $750,000 and up and we wanted something that was just a little larger." Bitran said the $1 million threshold was not much of a psychological barrier, since he works in the industry and knows how common it is for a home to top $1 million. He and his wife took out an interest-only loan Interest-only loan A loan in which payment of principal is deferred and interest payments are the only current obligation. . "The way my business is, I have some really good months and some not-so-good months. This loan allows me to pay interest and pay off some principal when times are good, but when things are slow, I only have to pay the interest," he said. Loan packages like the one Bitran took out are allowing middle-class professionals to buy million-dollar homes. But interest-only loans do carry risk. If longterm interest rates rise, then the borrower BORROWER, contracts. He to whom a thing is lent at his request. 2. The contract of loan confers rights, and imposes duties on the borrower' 1. In general, he has the right to use the thing borrowed, during the time and for the purpose intended between the faces much higher payments in the out years of the loan. "That's why I plan to pay down as much of the principal as I can during my good months," Bitran said.
Market Highlights
MOST EXPENSIVE
7/05 7/05
ZIP Home Median
Community Code Sales Price * Change
Santa Monica 90402 10 $2,236 13.8%
L.A./Windsor Square 90020 10 1,825 194.4%
Malibu 90265 35 1,780 21.4%
L.A./Bel-Air 90077 16 1,722 66.7%
L.A./Westwood 90024 10 1,665 43.8%
Santa Monica 90403 10 1,656 18.3%
Beverly Hills 90210 27 1,623 -19.3%
Palos Verdes Estate 90274 35 1,600 31.7%
Manhattan Beach 90266 65 1,555 21.3%
Pacific Palisades 90272 28 1,492 15.3%
PRICE GAINS
7/05 7/05 7/04
ZIP Home Median Median
Community Code Sales Price * Price * Change
L.A./Windsor Square 90020 10 $1,825 $620 194.4%
L.A./Bel-Air 90077 16 1,722 1,033 66.7%
Lomita 90717 21 645 418 54.3%
Arcadia 91007 28 934 622 50.2%
L.A. 90062 23 450 305 47.5%
L.A./Los Feliz 90027 30 1,177 800 47.1%
L.A./City College 90029 10 688 470 46.4%
L.A./Watts 90002 60 325 224 45.1%
Lynwood 90262 55 395 274 44.2%
Calabasas 91302 67 1,295 900 43.9%
Sherman Oaks 91403 21 799 870 -8.2%
Van Nuys 91411 14 560 600 -6.7%
Glendale 91205 17 635 675 -5.9%
L.A./Brentwood 90049 40 1,442 1,500 -3.9%
South Pasadena 91030 21 748 772 -3.1%
Chatsworth 91311 47 576 589 -2.2%
INCREASED ACTIVITY
ZIP 7/05 7/04 Percent Median Change
Community Code Sales Sales Change Price * vs. '04
La Habra 90631 68 14 385.7% $518 -23.6%
L.A./Brentwood 90049 40 16 150.0% 1,442 -3.9%
Malibu 90265 35 14 150.0% 1,780 21.4%
Glendale 91207 22 10 120.0% 975 34.1%
Glendale 91201 25 13 92.3% 700 25.9%
Harbor City 90710 24 13 84.6% 542 20.4%
Mission Hills 91345 22 12 83.3% 502 20.7%
N. Hollywood 91602 17 10 70.0% 1,070 37.5%
Hermosa Bch. 90254 30 18 66.7% 1,205 19.%
San Gabriel 91775 33 20 65.% 575 2.3%
* In thousands
PRICE LOSSES
7/05 7/05 07/04
ZIP Home Median Median
Community Code Sales Price * Price * Change
La Habra 90631 68 $518 $678 -23.6%
Beverly Hills 90210 27 1,623 2,010 -19.3%
Burbank 91504 21 503 579 -13.1%
Long Beach 90813 36 475 520 -8.7%
Sherman Oaks 91403 21 799 870 -8.2%
Van Nuys 91411 14 560 600 -6.7%
Glendale 91205 17 635 675 -5.9%
L.A./Brentwood 90049 40 1,442 1,500 -3.9%
South Pasadena 91030 21 748 772 -3.1%
Chatsworth 91311 47 576 589 -2.2%
Source: HomeData Corp.
July 2005 Existing Home Sales in L.A. County
July Median
Price
(thousands)
Percent
Community ZIP Code 2005 2004 Change
Los Angeles County N/A $515 $426 20.9%
Acton 93510 652 542 20.3%
Agoura Hills 91301 810 652 24.2%
f 91801 568 412 37.9%
Alhambra 91803 570 436 30.7%
Altadena 91001 632 500 26.4%
Arcadia 91006 714 565 26.4%
Arcadia 91007 934 622 50.2%
Artesia 90701 463 353 31.2%
Azusa 91702 393 330 19.1%
Baldwin Park 91706 415 320 29.7%
Bell/Bell Gardens 90201 388 357 8.7%
Bellflower 90706 510 415 22.9%
Beverly Hills 90210 1,623 2,010 -19.3%
Beverly Hills 90211 1,329 1,210 9.8%
Beverly Hills 90212 1,476 1,572 -6.1%
Burbank 91501 830 625 32.8%
Burbank 91504 503 579 -13.1%
Burbank 91505 606 469 29.2%
Burbank 91506 647 535 20.9%
Calabasas 91302 1,295 900 43.9%
Canoga Park 91303 496 428 15.9%
Canoga Park 91304 594 462 28.6%
Canyon Country 91351 445 410 8.5%
Canyon Country 91387 612 482 27.0%
Carson 90745 435 390 11.5%
Carson 90746 512 411 24.6%
Castaic 91384 586 429 36.6%
Cerritos 90703 662 550 20.4%
Chatsworth 91311 576 589 -2.2%
City of Commerce 90040 $427 $365 17.0%
Claremont 91711 623 465 34.0%
Compton 90220 335 244 37.3%
Compton 90221 333 250 33.2%
Compton 90222 312 220 41.8%
Covina 91722 416 345 20.6%
Covina 91723 493 390 26.4%
Covina 91724 483 466 3.6%
Culver City 90230 670 565 18.6%
Culver City 90232 888 688 29.1%
Diamond Bar 91765 610 492 24.0%
Downey 90240 580 480 20.8%
Downey 90241 565 490 15.3%
Downey 90242 530 400 32.5%
Duarte - Bradbury 91010 448 346 29.5%
Ell Monte 91731 505 360 40.3%
El Monte 91732 438 361 21.3%
El Monte - South El Monte 91733 390 335 16.4%
El Segundo 90245 890 815 9.2%
Encino 91316 650 540 20.4%
Encino 91436 1,224 900 36.0%
Gardena 90247 434 399 8.8%
Gardena 90249 485 392 23.7%
Glendale 91201 700 556 25.9%
Glendale 91202 808 682 18.5%
Glendale 91203 630 515 22.3%
Glendale 91204 1,055 538 96.1%
Glendale 91205 635 675 -5.9%
Glendale 91206 780 602 29.6%
Glendale 91207 975 727 34.1%
Glendale 91208 $798 $677 17.9%
Glendale - La Crescenta 91214 687 625 9.9%
Glendora 91740 465 403 15.4%
Glendora 91741 559 540 3.5%
Granada Hills 91344 570 475 20.0%
Hacienda Heights 91745 562 442 27.1%
Harbor City 90710 542 450 20.4%
Hawaiian Gardens 90716 418 84 47.2%
Hawthorne 90250 518 406 27.6%
Hermosa Beach 90254 1,205 1,013 19.0%
Huntington Park 90255 415 315 31.7%
Inglewood 90301 422 375 12.5%
Inglewood 90302 465 374 24.3%
Inglewood 90303 463 390 18.7%
Inglewood 90305 460 365 26.0%
L.A. 90011 390 285 36.8%
L.A. 90062 450 305 47.5%
L.A./Baldwin Hills 90008 602 530 13.6%
L.A./Baldwin Hills 90056 808 712 13.5%
L.A./Bel-Air 90077 1,722 1,033 66.7%
L.A./Brentwood 90049 1,442 1,500 -3.9%
L.A./Brooklyn Heights 90033 388 282 37.6%
L.A./Central City West 90017 710 400 77.5%
L.A./Century City 90067 1,670 70 2,285.7%
L.A./Chesterfield Square 90047 405 285 42.1%
L.A./City College 90029 688 470 46.4%
L.A./City Terrace 90063 360 275 30.9%
L.A./Civic Center 90012 793 70 114.3%
L.A./Crenshaw District 90016 426 360 18.3%
L.A./Eagle Rock 90041 545 440 23.9%
L.A./East L.A. 90022 370 312 18.6%
L.A./East L.A. 90023 375 300 25.0%
L.A./Echo Park 90026 576 475 21.3%
L.A./El Sereno 90032 410 328 25.0%
L.A./Exposition Park 90037 410 300 36.7%
L.A./Hancock Park 90004 917 750 22.3%
L.A./Highland Park 90042 485 405 19.8%
L.A./Historic District 90013 886 N/A N/A
L.A./Historic District 90014 455 N/A N/A
L.A./Hollywood 90028 1,100 785 40.1%
L.A./Hollywood Hills 90068 855 830 3.0%
L.A./Koreatown 90005 844 1,230 -31.4%
L.A./Koreatown 90006 695 619 33.9%
L.A./Laurel Canyon 90046 1,000 795 25.8%
L.A./Lincoln Heights 90031 460 370 24.3%
L.A./Los Feliz 90027 1,177 800 47.1%
L.A./Mar Vista 90066 800 685 16.8%
L.A./Mid-City 90019 794 650 22.2%
L.A./Mid-Wilshire 90036 969 868 11.6%
L.A./Mt. Washington 90065 540 470 14.9%
L.A./Palms 90034 765 716 6.8%
L.A./Rancho Park 90064 1,033 840 23.0%
L.A./Silver Lake 90039 625 610 2.5%
L.A./South Figueroa 90007 557 450 23.8%
L.A./South L.A. 90001 350 258 35.7%
L.A./South L.A. 90003 350 266 31.6%
L.A./South L.A. 90044 360 265 35.8%
L.A./South L.A. 90061 355 273 30.0%
L.A./South L.A. 90248 545 420 29.8%
L.A./South Park 90015 630 515 22.3%
L.A./South Robertson 90035 842 700 20.3%
L.A./Warehouse District 90021 1,075 385 179.2%
L.A./Watts 90002 325 224 45.1%
L.A./West Adams 90018 435 373 16.6%
L.A./West Hollywood 90038 650 600 8.3%
L.A./West Hollywood 90048 1,164 70 20.0%
L.A./West Hollywood 90069 1,350 1,020 32.4%
L.A./West L.A. 90025 890 825 7.9%
L.A./Westchester 90045 750 665 12.8%
L.A./Westlake 90057 750 500 50.0%
L.A./Westwood 90024 1,665 1,158 43.8%
L.A./Willowbrook 90059 330 245 34.7%
L.A./Windsor Hills 90043 450 375 20.0%
L.A./Windsor Square 90020 1,825 620 194.4%
La Canada Flintridge 91011 1,200 910 31.9%
La Habra 90631 518 678 -23.6%
La Mirada 90638 550 450 22.2%
La Puente 91744 395 312 26.6%
La Puente 91746 -405 325 24.6%
La Verne 91750 585 454 28.9%
Lake Hughes 93532 300 217 38.2%
Lakewood 90712 525 450 16.7%
Lakewood 90713 535 475 12.6%
Lakewood 90715 505 397 27.2%
Lancaster 93534 266 202 31.7%
Lancaster 93535 275 214 28.5%
Lancaster 93536 334 285 17.2%
Lawndale 90260 537 445 20.7%
Lennox 90304 499 360 38.6%
Littlerock 93543 270 221 22.2%
Lomita 90717 645 418 54.3%
Long Beach 90802 710 620 14.5%
Long Beach 90803 919 875 5.0%
Long Beach 90804 500 410 22.0%
Long Beach 90805 415 347 19.6%
Long Beach 90806 508 423 20.1%
Long Beach 90807 650 500 30.0%
Long Beach 90808 582 510 14.1%
Long Beach 90810 420 344 22.1%
Long Beach 90813 475 520 -8.7%
Long Beach 90814 850 612 38.9%
Long Beach 90815 585 522 12.1%
Lynwood 90262 395 274 44.2%
Malibu 90265 1,780 1,466 21.4%
Manhattan Beach 90266 1,555 1,282 21.3%
Marina del Rey 90292 $1,495 $1,695 -11.8%
Maywood 90270 385 322 19.6%
Mission Hills 91345 502 416 20.7%
Monrovia 91016 543 470 15.5%
Montebello 90640 452 428 5.6%
Monterey Park 91754 468 450 4.0%
Monterey Park 91755 495 406 21.9%
Montrose 91020 575 568 1.2%
Newhall 91321 589 442 33.3%
North Hills 91343 532 439 21.2%
North Hollywood 91601 619 515 20.2%
North Hollywood 91602 1,070 778 37.5%
North Hollywood 91605 510 390 30.8%
North Hollywood 91606 535 434 23.3%
Northridge 91324 600 470 27.7%
Northridge 91325 604 520 16.2%
Northridge 91326 797 623 27.9%
Norwalk 90650 425 349 21.8%
Pacific Palisades 90272 1,492 1,294 15.3%
Pacoima 91331 446 357 24.9%
Palmdale 93550 293 245 19.6%
Palmdale 93551 391 355 10.1%
Palmdale 93552 315 271 16.2%
Palmdale 93591 237 168 41.1%
Palos Verdes Estates 90274 1,600 1,215 31.7%
Panorama City 91402 460 380 21.1%
Paramount 90723 425 306 38.9%
Pasadena 91101 699 574 21.3%
Pasadena 91103 686 585 17.3%
Pasadena 91104 675 527 28.1%
Pasadena 91105 1,150 802 43.4%
Pasadena 91106 800 710 12.7%
Pasadena 91107 670 550 21.8%
Pearblossom 93553 328 230 42.6%
Phillips Ranch 91766 380 295 28.8%
Pico Rivera 90660 430 337 27.6%
Playa del Rey 90293 1,415 900 57.2%
Pomona 91767 380 317 19.9%
Pomona 91768 366 274 33.6%
Rancho Palos Verdes 90275 1,025 890 15.2%
Redondo Beach 90277 947 848 11.7%
Redondo Beach 90278 750 680 10.3%
Reseda 91335 500 413 21.1%
Rosemead 91770 480 370 29.7%
Rowland Heights 91748 506 450 12.4%
San Dimas 91773 511 430 18.8%
San Fernando 91340 450 345 30.4%
San Gabriel 91775 575 562 2.3%
San Gabriel 91776 550 430 27.9%
San Marino 91108 1,302 1,028 26.7%
San Pedro 90731 590 500 18.0%
San Pedro 90732 555 536 3.5%
Santa Clarita 91350 540 454 18.9%
Santa Clarita 91390 645 565 14.2%
Santa Fe Springs 90670 465 350 32.9%
Santa Monica 90402 2,236 1,965 13.8%
Santa Monica 90403 1,656 1,400 18.3%
Santa Monica 90404 1,100 755 45.7%
Santa Monica 90405 1,150 912 26.1%
Sherman Oaks 91403 799 870 -8.2%
Sherman Oaks 91423 907 754 20.3%
Sierra Madre 91024 828 738 12.2%
Signal Hill 90755 740 570 29.8%
South Gate 90280 391 324 20.7%
South Pasadena 91030 748 772 -3.1%
Stevenson Ranch 91381 830 659 25.9%
Studio City 91604 938 757 23.9%
Sun Valley 91352 485 372 30.4%
Sunland 91040 535 428 25.0%
Sylmar 91342 475 410 15.9%
Tarzana 91356 1,075 768 40.0%
Temple City 91780 580 476 21.8%
Topanga 90290 835 600 39.2%
Torrance 90501 600 574 4.5%
Torrance 90502 438 380 15.3%
Torrance 90503 700 607 15.3%
Torrance 90504 580 497 16.7%
Torrance 90505 768 652 17.8%
Tujunga 91042 504 410 22.9%
Valencia 91354 555 529 4.9%
Valencia 91355 585 504 16.1%
Valley Village 91607 740 674 9.8%
Van Nuys 91401 650 500 30.0%
Van Nuys 91405 525 422 24.4%
Van Nuys 91406 505 417 21.1%
Van Nuys 91411 560 600 -6.7%
Venice 90291 975 858 13.6%
Vernon 90058 1,683 500 236.6%
Walnut 91789 569 559 1.8%
West Covina 91790 456 390 16.9%
West Covina 91791 550 490 12.2%
West Covina 91792 456 359 27.0%
West Hills 91307 20 500 24.0%
Westlake Village 91361 1,050 760 38.2%
Westlake Village 91362 765 662 15.6%
Whittier 90601 575 425 35.3%
Whittier 90602 490 408 20.1%
Whittier 90603 512 435 17.7%
Whittier 90604 484 410 18.0%
Whittier 90605 450 369 22.0%
Whittier 90606 430 365 17.8%
Wilmington 90744 387 352 9.9%
Winnetka 91306 525 430 22.1%
Woodland Hills 91364 810 700 15.7%
Woodland Hills 91367 745 645 15.5%
July Homes
Sales
Percent
Community 2005 2004 Change
Los Angeles County 9,294 8,949 3.9%
Acton 15 18 -16.7%
Agoura Hills 39 46 -15.2%
f 26 33 -21.2%
Alhambra 24 22 9.1%
Altadena 48 58 -17.2%
Arcadia 33 43 -23.3%
Arcadia 28 34 -17.6%
Artesia 15 17 -11.8%
Azusa 47 49 -410.0%
Baldwin Park 53 64 -17.2%
Bell/Bell Gardens 32 40 -20.0%
Bellflower 58 79 -26.6%
Beverly Hills 27 24 12.5%
Beverly Hills 11 7 57.1%
Beverly Hills 3 1 200.0%
Burbank 12 12 0
Burbank 21 24 -12.5%
Burbank 40 34 17.6%
Burbank 18 28 -35.7%
Calabasas 67 47 42.6%
Canoga Park 10 14 -28.6%
Canoga Park 54 35 54.3%
Canyon Country 51 43 18.6%
Canyon Country 86 60 43.3%
Carson 37 53 -30.2%
Carson 27 26 3.8%
Castaic 40 39 2.6%
Cerritos 64 58 10.3%
Chatsworth 47 61 -23.0%
City of Commerce 4 1 300.0%
Claremont 37 55 -32.7%
Compton 47 54 -13.0%
Compton 46 41 12.2%
Compton 38 35 8.6%
Covina 37 33 12.1%
Covina 19 25 -24.0%
Covina 22 30 -26.7%
Culver City 29 33 -12.1%
Culver City 10 8 25.0%
Diamond Bar 50 59 -15.3%
Downey 26 23 13.0%
Downey 45 35 28.6%
Downey 40 42 -4.8%
Duarte - Bradbury 28 24 16.7%
Ell Monte 18 24 -25.0%
El Monte 37 43 -14.0%
El Monte - South El Monte 13 17 -23.5%
El Segundo 8 14 -42.9%
Encino 29 29 0
Encino 22 23 -4.3%
Gardena 20 14 42.9%
Gardena 32 31 3.2%
Glendale 25 13 92.3%
Glendale 18 24 -25.0%
Glendale 5 5 0
Glendale 6 6 0
Glendale 17 13 30.8%
Glendale 16 21 -23.8%
Glendale 22 10 120.0%
Glendale 18 26 -30.8%
Glendale - La Crescenta 40 51 -21.6%
Glendora 34 25 36.0%
Glendora 33 44 25.0%
Granada Hills 83 71 16.9%
Hacienda Heights 57 59 -3.4%
Harbor City 24 13 84.6%
Hawaiian Gardens 8 16 -50.0%
Hawthorne 68 62 9.7%
Hermosa Beach 30 18 66.7%
Huntington Park 41 32 28.1%
Inglewood 13 13 0
Inglewood 13 9 44.4%
Inglewood 19 20 -5.0%
Inglewood 7 11 -36.4%
L.A. 59 69 -14.5%
L.A. 23 35 -34.3%
L.A./Baldwin Hills 24 26 -7.7%
L.A./Baldwin Hills 8 8 0
L.A./Bel-Air 16 8 100.0%
L.A./Brentwood 40 16 150.0%
L.A./Brooklyn Heights 14 12 16.7%
L.A./Central City West 6 1 500.0%
L.A./Century City 1 1 0
L.A./Chesterfield Square 50 45 11.1%
L.A./City College 10 15 -33.3%
L.A./City Terrace 25 31 -19.4%
L.A./Civic Center 3 4 -25.0%
L.A./Crenshaw District 36 35 2.9%
L.A./Eagle Rock 19 26 -26.9%
L.A./East L.A. 25 22 13.6%
L.A./East L.A. 18 25 -28.0%
L.A./Echo Park 54 41 31.7%
L.A./El Sereno 37 33 12.1%
L.A./Exposition Park 33 40 -17.5%
L.A./Hancock Park 28 28 0
L.A./Highland Park 49 60 -18.3%
L.A./Historic District 2 N/A N/A
L.A./Historic District 3 N/A N/A
L.A./Hollywood 9 3 200.0%
L.A./Hollywood Hills 30 31 -3.2%
L.A./Koreatown 4 4 0
L.A./Koreatown 20 29 -31.0%
L.A./Laurel Canyon 25 33 -24.2%
L.A./Lincoln Heights 20 19 5.3%
L.A./Los Feliz 30 27 11.1%
L.A./Mar Vista 46 28 64.3%
L.A./Mid-City 56 53 5.7%
L.A./Mid-Wilshire 15 8 87.5%
L.A./Mt. Washington 49 47 4.3%
L.A./Palms 31 27 14.8%
L.A./Rancho Park 34 25 36.0%
L.A./Silver Lake 29 37 -21.6%
L.A./South Figueroa 14 19 -26.3%
L.A./South L.A. 33 37 -10.8%
L.A./South L.A. 68 74 -8.1%
L.A./South L.A. 76 75 1.3%
L.A./South L.A. 34 21 61.9%
L.A./South L.A. 13 12 8.3%
L.A./South Park 3 3 0
L.A./South Robertson 16 14 14.3%
L.A./Warehouse District 1 2 -50.0%
L.A./Watts 60 48 25.0%
L.A./West Adams 41 37 10.8%
L.A./West Hollywood 9 9 0
L.A./West Hollywood 19 16 18.8%
L.A./West Hollywood 15 22 -31.8%
L.A./West L.A. 13 19 -31.6%
L.A./Westchester 45 40 12.5%
L.A./Westlake 4 9 -55.6%
L.A./Westwood 10 8 25.0%
L.A./Willowbrook 54 36 50.0%
L.A./Windsor Hills 50 34 47.1%
L.A./Windsor Square 10 5 100.0%
La Canada Flintridge 36 32 12.5%
La Habra 68 14 385.7%
La Mirada 53 48 10.4%
La Puente 76 54 40.7%
La Puente 28 22 27.3%
La Verne 38 42 45.0%
Lake Hughes 7 4 75.0%
Lakewood 40 51 -1.6%
Lakewood 35 36 -2.8%
Lakewood 19 23 -17.4%
Lancaster 110 90 22.2%
Lancaster 167 146 14.4%
Lancaster 145 126 15.1%
Lawndale 24 36 -33.3%
Lennox 7 9 -22.2%
Littlerock 3 22 -86.4%
Lomita 21 18 16.7%
Long Beach 22 14 57.1%
Long Beach 37 33 12.1%
Long Beach 31 23 34.8%
Long Beach 102 87 17.2%
Long Beach 34 27 25.9%
Long Beach 33 30 10.0%
Long Beach 52 47 10.6%
Long Beach 39 26 50.0%
Long Beach 36 31 16.1%
Long Beach 17 22 -22.7%
Long Beach 41 48 -14.6%
Lynwood 55 43 27.9%
Malibu 35 14 150.0%
Manhattan Beach 65 40 62.5%
Marina del Rey 7 5 40.0%
Maywood 12 10 20.0%
Mission Hills 22 12 83.3%
Monrovia 31 33 -6.1%
Montebello 30 44 -31.8%
Monterey Park 24 37 -35.1%
Monterey Park 21 20 5.0%
Montrose 9 6 50.0%
Newhall 55 40 37.5%
North Hills 62 48 29.2%
North Hollywood 23 31 -25.8%
North Hollywood 17 10 70.0%
North Hollywood 38 30 26.7%
North Hollywood 25 33 -24.2%
Northridge 41 35 17.1%
Northridge 32 29 10.3%
Northridge 56 70 -20.0%
Norwalk 140 99 41.4%
Pacific Palisades 28 25 12.0%
Pacoima 100 79 26.6%
Palmdale 183 141 29.8%
Palmdale 108 166 -34.9%
Palmdale 82 90 -8.9%
Palmdale 15 20 -25.0%
Palos Verdes Estates 35 25 40.0%
Panorama City 34 46 -26.1%
Paramount 25 32 -21.9%
Pasadena 3 3 0
Pasadena 33 22 50.0%
Pasadena 27 45 -40.0%
Pasadena 15 20 -25.0%
Pasadena 15 24 -37.5%
Pasadena 46 37 24.3%
Pearblossom 2 0
Phillips Ranch 81 59 37.3%
Pico Rivera 55 60 -8.3%
Playa del Rey 6 3 100.0%
Pomona 47 47 0
Pomona 26 36 -27.8%
Rancho Palos Verdes 50 54 -7.4%
Redondo Beach 18 18 0
Redondo Beach 44 43 2.3%
Reseda 83 59 40.7%
Rosemead 35 53 -34.0%
Rowland Heights 58 49 18.4%
San Dimas 36 49 -26.5%
San Fernando 28 29 -3.4%
San Gabriel 33 20 65.0%
San Gabriel 21 23 -8.7%
San Marino 24 28 -14.3%
San Pedro 39 33 18.2%
San Pedro 14 16 -12.5%
Santa Clarita 49 66 -25.8%
Santa Clarita 57 45 26.7%
Santa Fe Springs 14 18 -22.2%
Santa Monica 10 6 66.7%
Santa Monica 10 5 100.0%
Santa Monica 3 3 0
Santa Monica 23 14 64.3%
Sherman Oaks 21 31 -32.3%
Sherman Oaks 22 39 -43.6%
Sierra Madre 16 18 -11.1%
Signal Hill 7 11 -36.4%
South Gate 67 60 11.7%
South Pasadena 21 20 5.0%
Stevenson Ranch 33 51 -35.3%
Studio City 42 31 35.5%
Sun Valley 29 38 -23.7%
Sunland 37 36 2.8%
Sylmar 105 74 41.9%
Tarzana 36 34 5.9%
Temple City 49 44 11.4%
Topanga 15 13 15.4%
Torrance 29 22 31.8%
Torrance 12 23 -47.8%
Torrance 22 40 -45.0%
Torrance 42 27 55.6%
Torrance 32 27 18.5%
Tujunga 44 47 -6.4%
Valencia 113 98 15.3%
Valencia 49 71 -31.0%
Valley Village 17 18 -5.6%
Van Nuys 37 29 27.6%
Van Nuys 29 29 0
Van Nuys 51 43 18.6%
Van Nuys 14 19 -26.3%
Venice 27 29 -6.9%
Vernon 5 1 400.0%
Walnut 37 58 -36.2%
West Covina 48 45 6.7%
West Covina 37 53 -30.2%
West Covina 38 32 18.8%
West Hills 43 33 30.3%
Westlake Village 33 27 22.2%
Westlake Village 75 46 63.0%
Whittier 29 31 -6.5%
Whittier 23 22 4.5%
Whittier 28 23 21.7%
Whittier 44 32 37.5%
Whittier 41 32 28.1%
Whittier 28 37 -24.3%
Wilmington 25 34 -26.5%
Winnetka 61 42 45.2%
Woodland Hills 50 49 2.0%
Woodland Hills 39 43 -9.3%
Median home prices based on. data provided by Homedata Corp.,
www.homedata.com.
High End
Sales of homes and condos for
$1 million or above in L.A. County.
1988 1,475
1989 1,847
1990 1,678
1991 1,667
1992 1,267
1993 1,024
1994 1,146
1995 814
1996 966
1997 1,308
1998 1,695
1999 1,988
2000 2,321
2001 2,225
2002 3,532
2003 5,146
2004 7,826
2005 * 4,561
* Through June; resales only.
Sources: DataQuick Information Services (1998-2004);
HomeData Corp. (2005)
Note: Table made from bar graph.
|
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion