Real Estate Market Update for Los Angeles, CA
Hide / View Video Transcript
Hide / View Video Transcript
Welcome to our monthly "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 63% from one year earlier and down 24% 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 280-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 22% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 260-thousand dollars. Overall, The number of units sold Decreased 25% year-over-year and Increased 6% 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 Los Angeles, CA
Area Information for Los Angeles, CA
  • Population: 3,811,518
  • Median Age: 33.77 yr
  • Median Commute Time: 25.22 mins
  • Educational Climate*: 3
  • Recycling Likelihood**: 108
  • Sales Tax: 5%
  • Population Density: 7,386/sq mi
  • Population Change Since 2000: 3%
  • Closest Airport: Bob Hope
  • Closest College: Yeshiva Ohr Elchonon Chabad
  • Closest Jr. College: Westwood College-los Angeles
  • Median Household Income: $50,461
  • Annual Residential Turnover: 19.75%
  • Median Years in Residence: 2.73 yr
  • Median Home Sales Price: $315,000
  • Closest Major Sports Team: Los Angeles Clippers / Los Angeles Lakers / Los Angeles Kings
  • Change Avg. Household Income Since 2000: 37%
* Scale from 1-5   ** Index where 100 is the national average
Demographic Data for Los Angeles, CA
Median Age: 33.77 Married: 32% Number of Households: 1,335,965 Households with Children: 453,497
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
      West Coast Talmudical Seminary 0.2 mi Private 9 - 12 0 4
      Fountain Day School 0.8 mi Private PRESCHOOL/KINDERGARTEN 0 4
      Ofman Learning Center 0.9 mi Private SPECIAL EDUCATION 0 4
      Blessed Sacrament School 0.9 mi Catholic K - 8 0 5
      Temple Israel Of Hollywood School 0.9 mi Private K - 6 0 5
      Oaks School 1.2 mi Private K - 6 0 5
      Larchmont Charter School 1.2 mi Public K - 6 5 5
      Hollywood Primary Center 1.6 mi Public K - 3 2 4
      Marlborough School 1.7 mi Private 7 - 12 0 5
      Frances Blend Special Education School 1.8 mi Public SPECIAL EDUCATION 0 3
      Van Ness Elementary School 1.8 mi Public K - 5 4-5 0
      Pacific Hills School 2.0 mi Private K - 12 0 4
      Maimonides Academy 2.0 mi Private K - 8 0 5
      Immaculate Heart High School 2.3 mi Catholic 9 - 12 0 4
      West Hollywood Elementary School 2.4 mi Public K - 6 4-5 0
      St Brendan School 2.4 mi Catholic K - 8 0 5
      Charles H Kim Elementary School 2.5 mi Public K - 5 4 5
      Kingsley Elementary School 2.5 mi Public K - 5 2 5
      Harvard Elementary School 2.5 mi Public K - 5 3-5 4
      Cahuenga Elementary School 2.6 mi Public K - 5 4 5
      Wonderland Elementary School 2.6 mi Public K - 5 5 5
      Rabbi Jacob Pressman Academy 2.7 mi Private K - 8 0 5
      Immaculate Heart Of Mary School 2.8 mi Catholic K - 8 0 5
      Holy Spirit - St Mary Magdalen 2.8 mi Catholic K - 5 0 4
      Del Olmo Elementary School 3.2 mi Public K - 5 3 5
      Crescent Heights Early Education Center 3.3 mi Public PRESCHOOL/KINDERGARTEN 0 5
      Donna Ro School 3.4 mi Private K - 3 0 5
      La High School For The Arts 3.5 mi Public 9 - 12 2 4
      Franklin Avenue Elementary School 3.7 mi Public K - 5 4-5 5
      Bshp Conaty - O Lady - Loretto School 3.7 mi Catholic 9 - 12 0 5
      St Francis Of Assisi School 4.0 mi Catholic K - 8 0 4
      Lafayette Park Primary School 4.0 mi Public PRESCHOOL/KINDERGARTEN 0 5
      Loyola High School Of Los Angeles 4.1 mi Catholic 9 - 12 0 5
      Al Madinah School 4.6 mi Private K - 8 0 5
      St Teresa Of Avila School 5.0 mi Catholic K - 8 0 4
      St Timothy School 5.1 mi Catholic K - 8 0 5
      Gabriella Charter School 5.1 mi Public K - 8 0 4
      Academic Leadership At Mclc 5.3 mi Public 9 - 12 2-5 4
      Elysian Heights Elementary School 5.5 mi Public K - 6 2-5 5
      College Ready Academy High School 4 5.6 mi Public 9 - 12 5 5
      Westwood Charter Elementary School 5.6 mi Public K - 5 5 5
      Marymount High School 5.7 mi Catholic 9 - 12 0 5
      Redeemer Baptist School 5.8 mi Private K - 6 0 5
      Animo Jackie Robinson Charter High School 6.3 mi Public 9 - 12 3-5 5
      Jardin De La Infancia School 6.4 mi Public K - 3 0 4
      St Bernard School 6.5 mi Catholic K - 8 0 5
      Cathedral High School 6.5 mi Catholic 9 - 12 0 5
      Solano Elementary School 6.6 mi Public K - 6 4-5 4
      School Of Little Angels 6.6 mi Private PRESCHOOL/KINDERGARTEN 0 4
      Maple Primary Center 6.6 mi Public K - 3 0 4
      Community Magnet School 6.7 mi Public K - 5 4-5 5
      William & Carol Ouchi High School 6.7 mi Public 9 - 12 3-5 5
      Ricardo Lizarraga Elementary School 7.0 mi Public K - 5 2 4
      Roscomare Road Elementary School 7.1 mi Public K - 5 5 5
      Synergy Charter Academy 7.3 mi Public K - 5 4-5 5
      Archer School For Girls 7.3 mi Private K - 12 0 4
      El Marino Language School 7.4 mi Public K - 5 4-5 5
      Milagro Charter Elementary School 7.4 mi Public K - 5 4-5 5
      Our Lady Help Of Christian School 7.5 mi Catholic K - 8 0 5
      Mount Washington Elementary School 7.6 mi Public K - 6 4-5 5
      Dolores Mission School 7.6 mi Catholic K - 8 0 4
      Wildwood Elementary School 7.7 mi Private K - 5 0 5
      James J Mcbride Special Education Center 7.8 mi Public SPECIAL EDUCATION 0 5
      Puente Charter School - East 7.9 mi Public PRESCHOOL/KINDERGARTEN 0 5
      St Mary School 8.1 mi Catholic K - 8 0 5
      Aurora Elementary School 8.2 mi Public K - 5 2-5 4
      Kenter Canyon Elementary School 8.3 mi Public K - 5 5 5
      Sheridan Street Elementary School 8.3 mi Public K - 6 1 5
      St Columbkille School 8.4 mi Catholic K - 8 0 5
      Open Magnet Charter School 8.5 mi Public K - 5 4-5 5
      Westland School 8.5 mi Private K - 6 0 5
      Kipp Los Angeles College Preparatory 8.7 mi Public 5 - 8 4-5 0
      Our Lady Of Guadalupe School 8.9 mi Catholic K - 8 0 4
      E La Light & Life Chrn School 9.0 mi Private K - 8 0 5
      Sycamore Grove School 9.1 mi Private K - 8 0 5
      St Ignatius School Of Loyola 9.1 mi Catholic K - 8 0 4
      Celerity Troika Charter School 9.2 mi Public K - 8 5 4
      Rockdale Elementary School 9.3 mi Public K - 6 3-5 4
      Lillian Street Elementary School 9.3 mi Public K - 6 2 5
      St Michael Elementary School 9.4 mi Catholic K - 8 0 4
      Good Shepherd Lutheran School 9.5 mi Private K - 6 0 4
      El Sereno Elementary School 9.7 mi Public K - 6 2-5 5
      Cal Academy Liberal Studies Ms 9.7 mi Public 5 - 8 4 5
      El Sereno Early Education Center 9.7 mi Public PRESCHOOL/KINDERGARTEN 0 3
      Bright Star Secondary Academy 9.9 mi Public 7 - 12 4-5 0
      Our Lady Of Lourdes School 9.9 mi Catholic K - 8 0 4
      Animo Pat Brown Charter High School 10.5 mi Public 9 - 12 3-5 4
      Kipp Raices Academy 10.7 mi Public K - 3 5 4
      Academy Of Basic Learning 10.8 mi Private K - 12 0 3
      96th Street Elementary School 11.1 mi Public K - 6 2-5 5
      Vena Avenue Elementary School 11.4 mi Public K - 5 3-5 4
      Bandini Elementary School 11.7 mi Public K - 5 2-5 5
      Verbum Dei High School 11.8 mi Catholic 9 - 12 0 5
      San Miguel School 12.3 mi Catholic K - 8 0 4
      King - Drew Medical Magnet High School 12.7 mi Public 9 - 12 4 4
      Magnolia Science Academy 1 13.1 mi Public K - 12 3 4
      Heart Of The Valley Chrn School 13.6 mi Private K - 8 0 5
      Lewis Carroll Academy 14.2 mi Private K - 8 0 5
      Kirk O'the Valley School 14.3 mi Private K - 5 0 5
      J Miller Career - Transition Center 14.8 mi Public SPECIAL EDUCATION 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 © 2010
      Local Weather for Los Angeles, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2013 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.