Real Estate Market Update for 90003 (Los Angeles, CA)

Video: Real Estate Community Tour for 90003 (Los Angeles, CA)

See Real estate community tour for 90003 (Los Angeles, CA)
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 34% from one year earlier, and up 11% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 300-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 80%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 260-thousand dollars. The number of units sold decreased 37% year-over-year, and decreased 9% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for 90003 (Los Angeles, CA)
Area Information for 90003 (Los Angeles, CA)
  • Population: 66,928
  • Median Age: 26.23 yr
  • Median Commute Time: 29.31 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 18,846/sq mi
  • Population Change Since 2000: 13.86%
  • Closest Airport: Los Angeles International
  • Closest College: Charles R Drew Univ Of Medicine-science
  • Closest Jr. College: Los Angeles Southwest College
  • Median Household Income: $30,495
  • Annual Residential Turnover: 19.78%
  • Median Years in Residence: 2.68 yr
  • Median Home Sales Price: $188,000
  • Closest Major Sports Team: Los Angeles Kings
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 90003 (Los Angeles, CA)
Median Age: 26.23 Married: 17% Number of Households: 15,853 Households with Children: 9,973
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 90003 (Los Angeles, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Heavenly Vision Education 0.3 mi Private PRESCHOOL-K 0 0
      Family Gathering Basic Christian Educ Prep School 0.3 mi Private K-12 0 0
      John Hope Continuation School 0.4 mi Public 9-12 0 0
      John C. Fremont Community Adult 0.4 mi Public - 0 0
      John C. Fremont Senior High School 0.4 mi Public 9-12 2 2
      South Park Elementary School 0.4 mi Public K-6 1 3
      Seventy-fifth Street Elementary School 0.5 mi Public PRESCHOOL-6 1 0
      Mother Of Sorrows 0.5 mi Catholic PRESCHOOL-8 0 3
      Pathways Community 0.6 mi Public 9-12 0 0
      Academy For Multilingual Arts And Science At Mervyn M. Dymally High 0.6 mi Public 9-12 0 0
      Dr. Owen Lloyd Knox Elementary School 0.7 mi Public K-6 1 0
      Mary Mcleod Bethune Middle School 0.9 mi Public 7-8 1 3
      Teach Academy Of Technologies 0.9 mi Public 5-8 0 0
      Ninety-third Street Elementary School 0.9 mi Public PRESCHOOL-6 1 3
      Sixty-sixth Street Elementary School 1.0 mi Public PRESCHOOL-6 1 2
      Watts Learning Center 1.1 mi Public K-5 3 4
      St. Columbkille Elementary School 1.1 mi Catholic PRESCHOOL-8 0 5
      Charles W. Barrett Elementary School 1.3 mi Public PRESCHOOL-5 1 4
      Sixty-first Street Elementary School 1.5 mi Public PRESCHOOL-6 2 5
      Sheenway School And Culture Center 1.5 mi Private 1-3 0 0
      Aspire Inskeep Academy Charter 1.5 mi Public K-6 0 0
      Aspire Slauson Academy Charter 1.5 mi Public K-6 0 0
      Rdb Academy -(reading Daily Books) a School For Learning 1.7 mi Private K-10 0 3
      One Hundred Seventh Street Elementary School 1.8 mi Public PRESCHOOL-5 0 3
      Alliance Judy Ivie Burton Technology Academy High School 2.5 mi Public 9-12 3 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2015
      Local Weather for 90003 (Los Angeles, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2015 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.