Real Estate Market Update for 90062 (Los Angeles, CA)
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 27% from one year earlier, and down 20% 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 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was just over 290-thousand dollars. The number of units sold decreased 14% year-over-year, and increased 100% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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 90062 (Los Angeles, CA)
Area Information for 90062 (Los Angeles, CA)
  • Population: 31,772
  • Median Age: 31.62 yr
  • Median Commute Time: 30.83 mins
  • Educational Climate*: 2
  • Sales Tax: 9%
  • Population Density: 16,430/sq mi
  • Population Change Since 2000: 12.27%
  • Closest Airport: Los Angeles International
  • Closest College: University Of Southern California
  • Closest Jr. College: Los Angeles Trade-technical College
  • Median Household Income: $34,887
  • Annual Residential Turnover: 17.31%
  • Median Years in Residence: 3.26 yr
  • Median Home Sales Price: $230,000
  • Closest Major Sports Team: Los Angeles Kings
  • Change Avg. Household Income Since 2000: 31%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 90062 (Los Angeles, CA)
Median Age: 31.62 Married: 18% Number of Households: 8,871 Households with Children: 4,027
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 90062 (Los Angeles, CA)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Barack Obama Global Preparation Academy 0.1 mi Public 6-8 1 3
      Little Citizens Westside Academy 0.1 mi Private 7-12 0 3
      Garr Academy Of Math And Entrepreneurial Studies 0.5 mi Public K-5 2 3
      Creative Learning Center 0.5 mi Private PRESCHOOL-K 0 5
      Martin Luther King Jr Elementary School 0.5 mi Public K-5 1 3
      Western Avenue Elementary School 0.7 mi Public PRESCHOOL-5 1 4
      Testimonial Christian School 0.9 mi Private PRESCHOOL-12 0 3
      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 © 2014
      Local Weather for 90062 (Los Angeles, CA)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 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.