Real Estate Market Update for Los Angeles, CA

Video: Real Estate Community Tour for Los Angeles, CA

See Real estate community tour for Los Angeles, CA Welcome to Los Angeles, the City of Angels! With strengths in international trade, entertainment, culture, media, and fashion, Los Angeles is a global city. Los Angeles is home to more than 800 museums and art galleries, as well as prominent universities like Pepperdine, USC and UCLA. The city offers plenty of sunshine throughout the year, with an average temperature of 66 degrees. Los Angeles offers a diverse array of neighborhoods and communities. Perhaps its most famous neighborhood Hollywood is synonymous with the motion picture industry of the United States. If shopping is your passion, Beverly Hills offers some of the worlds most prestigious retailers along the famous Rodeo Drive. Brentwood and the Miracle Mile feature charming houses for families and couples, while Beverley Hills, Hollywood, and Silver Lake are trendy, beautiful locales. Tour the many attractive homes available throughout Los Angeles via century21.com and imagine making your home in L.A.!
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 43% from one year earlier, and down 15% 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. Compared to last year, the average number of days units spent on the market before being sold was up 6%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 330-thousand dollars. The number of units sold decreased 12% year-over-year, and decreased 12% 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.
Welcome to Los Angeles, the City of Angels! With strengths in international trade, entertainment, culture, media, and fashion, Los Angeles is a global city. Los Angeles is home to more than 800 museums and art galleries, as well as prominent universities like Pepperdine, USC and UCLA. The city offers plenty of sunshine throughout the year, with an average temperature of 66 degrees. Los Angeles offers a diverse array of neighborhoods and communities. Perhaps its most famous neighborhood Hollywood is synonymous with the motion picture industry of the United States. If shopping is your passion, Beverly Hills offers some of the worlds most prestigious retailers along the famous Rodeo Drive. Brentwood and the Miracle Mile feature charming houses for families and couples, while Beverley Hills, Hollywood, and Silver Lake are trendy, beautiful locales. Tour the many attractive homes available throughout Los Angeles via century21.com and imagine making your home in L.A.!
Show Transcript
Map Information for Los Angeles, CA
Area Information for Los Angeles, CA
  • Population: 3,829,133
  • Median Age: 33.73 yr
  • Median Commute Time: 25.22 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 8,170/sq mi
  • Population Change Since 2000: 3.64%
  • Closest Airport: Los Angeles International
  • Closest College: The Art Institute Of Ca-los Angeles
  • Closest Jr. College: Ryokan College
  • Median Household Income: $49,856
  • Annual Residential Turnover: 19.74%
  • Median Years in Residence: 2.74 yr
  • Median Home Sales Price: $340,500
  • Closest Major Sports Team: Los Angeles Kings
  • Change Avg. Household Income Since 2000: 35%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Los Angeles, CA
Median Age: 33.73 Married: 24% Number of Households: 1,330,976 Households with Children: 458,175
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 Los Angeles, CA

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Yeshiva Ohr Elchonon Chabad 0.2 mi Private 9-12 0 4
      Ofman Learning Center 0.9 mi Private 9-12 0 4
      Temple Israel Of Hollywood Day School 0.9 mi Private K-6 0 5
      West Hollywood College Prep School 1.2 mi Private PRESCHOOL-12 0 4
      Hancock Park Elementary School 1.5 mi Public K-5 5 5
      Pacific Hills School 2.0 mi Private 6-12 0 4
      West Hollywood Elementary School 2.4 mi Public K-6 4-5 5
      St. Brendan 2.4 mi Catholic K-8 0 5
      Charles H. Kim Elementary School 2.5 mi Public PRESCHOOL-5 4 4
      Rabbi Jacob Pressman Academy 2.7 mi Private PRESCHOOL-8 0 5
      Immaculate Heart Of Mary Elementary School 2.8 mi Catholic K-8 0 5
      Holy Spirit Elementary School 2.8 mi Catholic K-4 0 5
      Ohr Haemet Institute For Girls 3.0 mi Private 9-12 0 5
      Camino Nuevo Academy #2 3.0 mi Public K-8 4 5
      Frank Del Olmo Elementary School 3.2 mi Public PRESCHOOL-5 3 5
      Donna Ro School 3.4 mi Private K-4 0 5
      New Horizon School?los Angeles 3.5 mi Private PRESCHOOL-5 0 5
      New Covenant Academy 3.7 mi Private 1-12 0 5
      Franklin Avenue Elementary School 3.7 mi Public K-5 4-5 5
      Bishop Conaty?our Lady Of Loretto 3.8 mi Catholic 9-12 0 5
      Equitas Academy Charter School 3.9 mi Public K-5 4 4
      Green Pastures Cultivation Academy 3.9 mi Private 8-12 0 4
      Cleophas Oliver Learning Academy 3.9 mi Private PRESCHOOL-3 0 5
      Lafayette Park Primary Center 4.0 mi Public K-K 0 5
      Loyola High School Of Los Angeles 4.1 mi Catholic 9-12 0 5
      Al Madinah School 4.6 mi Private K-11 0 5
      Perry-meadows Learning Center 4.7 mi Private PRESCHOOL-K 0 4
      Just Beginning School 4.9 mi Private PRESCHOOL-1 0 3
      St. Timothy School 5.1 mi Catholic PRESCHOOL-8 0 5
      Para Los Ninos - Evelyn Thurman Gratts Primary School 5.2 mi Public K-1 0 5
      Divine Providence Day Nursery And Kindergarten 5.2 mi Catholic PRESCHOOL-K 0 5
      Holy Trinity Elementary School 5.4 mi Catholic K-8 0 4
      Elysian Heights Elementary School 5.5 mi Public K-6 3 5
      Alliance Dr. Olga Mohan High School 5.6 mi Public 9-12 5 5
      Marymount High School Los Angeles 5.7 mi Catholic 9-12 0 5
      Creative Learning Center 5.7 mi Private PRESCHOOL-K 0 5
      Redeemer Baptist Elementary School 5.8 mi Private K-6 0 5
      Animo Jackie Robinson High School 6.3 mi Public 9-12 3 5
      St. Bernard Elementary School 6.5 mi Catholic PRESCHOOL-8 0 5
      Cathedral High School 6.5 mi Catholic 9-12 0 5
      Whitney Young Continuation School 6.5 mi Public 9-12 0 4
      Solano Avenue Elementary School 6.6 mi Public K-6 4-5 4
      Global Education Academy 6.6 mi Public K-5 3-5 4
      Community Magnet Charter Elementary School 6.7 mi Public K-5 5 5
      Brawerman Elementary School?wilshire Blvd Temple 6.9 mi Private K-6 0 5
      Puc Santa Rosa Charter Academy 6.9 mi Public 6-8 3 5
      Icef Inglewood Elementary Charter Academy 6.9 mi Public K-5 2-5 5
      St. Turibius Elementary School 7.0 mi Catholic PRESCHOOL-8 0 5
      Synergy Charter Academy 7.0 mi Public K-5 4-5 5
      Roscomare Road Elementary School 7.1 mi Public K-5 5 5
      Brentwood School 7.3 mi Private K-12 0 5
      The Archer School For Girls 7.3 mi Private 6-12 0 4
      Puc Milagro Charter School 7.4 mi Public K-5 4-5 5
      Venture School 7.4 mi Private - 0 4
      Dolores Mission 7.6 mi Catholic K-8 0 4
      Southern California Montessori School 7.7 mi Private PRESCHOOL-1 0 5
      James J. Mcbride Special Education Center 7.8 mi Public 6-12 0 5
      Normandie Christian Of Los Angeles 7.8 mi Private PRESCHOOL-6 0 5
      Pacifica Montessori School 7.9 mi Private PRESCHOOL-5 0 5
      Puente Charter School 7.9 mi Public PRESCHOOL-K 0 5
      Little Flower Missionary House School 8.1 mi Catholic PRESCHOOL-K 0 4
      St. Mary Catholic Elementary School 8.1 mi Catholic PRESCHOOL-8 0 4
      Santa Isabel School 8.4 mi Catholic PRESCHOOL-8 0 5
      St. Columbkille Elementary School 8.4 mi Catholic PRESCHOOL-8 0 5
      Garza (carmen Lomas) Primary Center 8.4 mi Public K-2 4 5
      Westland School, The 8.5 mi Private K-6 0 5
      Highland Park Continuation School 8.5 mi Public 9-12 0 5
      Richard Riordan Primary Center 8.7 mi Public K-1 0 4
      Kipp Los Angeles College Preparatory School 8.7 mi Public 5-8 4-5 4
      Bnos Devorah High School 8.9 mi Private 9-12 0 0
      Westside Innovative School House 8.9 mi Public PRESCHOOL-6 4 5
      Assumption Elementary School 9.0 mi Catholic PRESCHOOL-8 0 0
      St. Ignatius Of Loyola Elementary School 9.1 mi Catholic PRESCHOOL-8 0 4
      Rockdale Elementary School 9.3 mi Public PRESCHOOL-6 3 4
      Lillian Street Elementary School 9.3 mi Public K-6 2 5
      St.michael Elementary School 9.4 mi Catholic PRESCHOOL-8 0 4
      Good Shepherd Lutheran 9.5 mi Private PRESCHOOL-6 0 4
      Ramona Opportunity High School 9.6 mi Public 7-12 0 5
      Puc California Academy For Liberal Studies 9.7 mi Public 6-8 4 4
      Our Lady Of Lourdes School 9.9 mi Catholic PRESCHOOL-8 0 4
      Kiddie Tots Prep School 10.4 mi Private PRESCHOOL-1 0 4
      Saint Aloysius 10.4 mi Catholic PRESCHOOL-8 0 5
      Animo Pat Brown 10.5 mi Public 9-12 4 4
      Alphonso B. Perez Special Education Center 10.7 mi Public PRESCHOOL-12 0 5
      Ellington (duke) High (continuation) School 10.8 mi Public 9-12 0 0
      Valor Academy Charter 11.0 mi Public 5-8 4-5 5
      Ninety-sixth Street Elementary School 11.1 mi Public PRESCHOOL-6 3 5
      Thomas Riley High School 11.5 mi Public 9-12 0 4
      Kipp Raices Academy 11.8 mi Public K-4 5 4
      Verbum Dei High School 11.8 mi Catholic 9-12 0 5
      Richard A. Alonzo Community Day School 11.9 mi Public 9-12 0 0
      San Miguel Catholic School 12.3 mi Catholic PRESCHOOL-8 0 4
      Zane Grey Continuation School 12.7 mi Public 9-12 0 5
      Mary Immaculate Elementary School 12.8 mi Catholic PRESCHOOL-8 0 4
      Guardian Angel Elementary School 13.1 mi Catholic PRESCHOOL-8 0 5
      Magnolia Science Academy 13.1 mi Public 6-12 3 4
      Heart Of The Valley Christian School 13.6 mi Private PRESCHOOL-6 0 5
      Lewis Carroll Academy 14.3 mi Private PRESCHOOL-7 0 5
      Kirk O' The Valley School 14.3 mi Private PRESCHOOL-5 0 5
      Joaquin Miller Career And Transition Center 14.8 mi Public UNGRADE-UNGRADE 0 5
      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 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.