Los Angeles

Lights! Camera! Los Angeles! The City of Angels is one of the most iconic cities in the world. With housing prices dropping, it’s more affordable to live in Los Angeles and make your dreams of fame and stardom come true. 

But it’s not just Hollywood glitz and glamour that Los Angeles has to offer. If you are a foodie or just someone who likes a good meal, LA is home to some of the best and most diverse cuisine from around the world.

Real Estate Statistics

Average Price $1.7M
Lowest Price $820
Highest Price $195M
Total Listings 6,692
Avg. Days On Market 84
Avg. Price/SQFT $1.6K

Property Types (active listings)

Los Angeles

Buyers in LA still hold out hope for home prices to ease and plenty of properties will soon be listed in 2022. Although inventories are growing, it is not in the affordable category, and prices only flattened in April according to CAR.  They were raging this late winter. And the median home price in California did hit another all time high. And with the economy recovering somewhat, jobs up, wages rising, and millennials never wanting to give up on owning rather than renting (for their new family formation) demand is still brisk.  In fact, many investors continue to see LA as the best place to invest. If 160,000 people hadn’t left California in 2021, the housing market would be under much more pressure.

Homes sold over asking in April set a new record high of 72.8% and the normal big home sales months are just ahead.

In LA County, in April, home sales were down 13% vs last April, yet home prices hit $900,000 which is up 9.1% since last year. The sales to list price is still a strong 103.5% in April.

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