Real Estate Market Update for
90025 (Los Angeles, CA)
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Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 66% from one year earlier and down 9% from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just under 740-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 49% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 470-thousand dollars. Overall, The number of units sold was consistent year-over-year and Decreased 17% month-over-month Fewer sales may have indicated an opportunity for buyers to negotiate better sales 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.
Map Information for 90025 (Los Angeles, CA)
Area Information for 90025 (Los Angeles, CA)
Community Character:High Residential Turnover
Population:41,860
Median Age:35.54 yr
Median Commute Time:21.04 mins
Educational Climate*:5
Recycling Likelihood**:120
Sales Tax:5%
Population Density:15,520/sq mi
Population Change Since 2000:4%
Closest Airport:Los Angeles International
Closest College:Art Inst Of Ca Los Angeles
Closest Jr. College:Santa Monica College
Median Household Income:$69,125
Annual Residential Turnover:24.53%
Median Years in Residence:2.48 yr
Median Home Sales Price:$584,000
Closest Major Sports Team:Los Angeles Clippers / Los Angeles Lakers / Los Angeles Kings
Change Avg. Household Income Since 2000:44%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for 90025 (Los Angeles, CA)
Median Age: 35.54Married: 27%Number of Households: 21,172Households with Children: 2,980
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)