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 world's 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 November's Market Update. Let’s take a look at residential real-estate activity in your area during the month of October. The number of active listings was down 29% from one year earlier, and down 10% 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 430-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 380-thousand dollars. The number of units sold increased 6% year-over-year, and decreased 8% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. 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 world's 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: 3,923,251
  • Median Age: 35.79 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 9%
  • Population Density: 8,371/sq mi
  • Population Change Since 2000: 6.19%
  • Closest Airport: Bob Hope
  • Closest College: Yeshiva Ohr Elchonon Chabad Seminary
  • Closest Jr. College: American Academy Of Dramatic Arts
  • Median Household Income: $52,600
  • Annual Residential Turnover: 14%
  • Median Home Sales Price: $545,000
  • Closest Major Sports Team: Los Angeles Rams
  • Change Avg. Household Income Since 2000: 37.71%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Los Angeles, CA
Median Age: 35.79 Married: 31% Number of Households: 1,369,841 Households with Children: 400,698
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 School Rating Parent Rating
      Bnos Esther School 0.7 mi Private 9-12 0 0
      Hollywood Senior High School 0.8 mi Public 9-12 4 3
      Larchmont Charter School 1.2 mi Public K-5 4 0
      West Hollywood College Prep School 1.3 mi Private PRESCHOOL-12 0 0
      Marlborough School 1.6 mi Private 7-12 0 4
      Apex Academy 1.9 mi Public 7-12 1 4
      Stem Academy At Bernstein High 1.9 mi Public 9-12 4 4
      Shalhevet High School 2.2 mi Private 9-12 0 0
      Math And Science College Preparatory 2.3 mi Public 9-11 5 4
      Immaculate Heart High And Middle School 2.3 mi Catholic 6-12 0 4
      Alex Pilibos Armenian 2.8 mi Private PRESCHOOL-12 0 0
      Camino Nuevo Academy #2 3.0 mi Public K-8 4 0
      Star Prep Academy 3.4 mi Private 6-12 0 0
      Rfk Community Schools-new Open World Academy K-12 3.5 mi Public K-12 1 0
      Ucla Community School 3.5 mi Public K-12 3 0
      Rfk Community Schools- For The Visual Arts And Humanities 3.5 mi Public 9-12 3 4
      Rfk Community Schools-los Angeles High School Of The Arts 3.5 mi Public 9-12 2 4
      Soledad Enrichment Action Charter High School 3.5 mi Public 9-12 1 5
      Bishop Conaty?our Lady Of Loretto 3.7 mi Catholic 9-12 0 3
      Yeshiva University Of Los Angeles Boys High School 4.0 mi Private 9-12 0 4
      Berendo Middle School 4.0 mi Public 6-8 0 0
      New Village Girls Academy 4.0 mi Public 9-12 0 0
      Loyola High School Of Los Angeles 4.1 mi Catholic 9-12 0 4
      Ivanhoe Elementary School 4.7 mi Public K-5 5 5
      Alliance Gertz-ressler Richard Merkin 6-12 Complex 5.1 mi Public 9-12 4 4
      Belmont Sh-la Teacher Preparatory Academy 5.1 mi Public 9-12 1 4
      Alliance College-ready Academy High No. 16 5.1 mi Public 9-12 4 4
      St. Timothy School 5.1 mi Catholic PRESCHOOL-8 0 0
      Miguel Contreras Learning Complex School 5.2 mi Public 9-12 3 3
      Contreras Learning Center-school Of Social Justice 5.2 mi Public 9-12 2 4
      Magnolia Science Academy 6 School 5.4 mi Public 6-8 2 4
      Alliance Dr. Olga Mohan High School 5.5 mi Public 9-12 5 4
      Notre Dame Academy Girls' High School 5.6 mi Catholic 9-12 0 3
      Usc Hybrid High School 5.7 mi Public 9-11 4 4
      Emerson Community Charter School 5.7 mi Public 6-8 3 4
      Marymount High School Los Angeles 5.7 mi Catholic 9-12 0 4
      St. Paul The Apostle 5.7 mi Catholic K-8 0 0
      Alliance Environmental Science And Technology High School 5.9 mi Public 9-12 4 3
      Ribet Academy College Preparatory 6.1 mi Private PRESCHOOL-12 0 0
      Frida Kahlo High School 6.2 mi Public 9-12 1 0
      William Jefferson Clinton Middle School 6.3 mi Public 6-8 0 0
      Animo Jackie Robinson High School 6.3 mi Public 9-12 3 4
      Puc Early College Academy For Leaders And Scholars (ecals) 6.3 mi Public 9-12 4 5
      School Of History And Dramatic Arts At Sonia Sotomayor Learning Academies 6.3 mi Public 9-12 3 3
      Los Angeles River At Sonia Sotomayor Learning Acad 6.3 mi Public 9-12 2 4
      Culver City High School 6.4 mi Public 9-12 4 4
      Culver City Middle School 6.4 mi Public 6-8 4 3
      Cathedral High School 6.5 mi Catholic 9-12 0 4
      Arete Preparatory Academy 6.7 mi Private 9-12 0 0
      Windward School 6.7 mi Private 7-12 0 4
      St. Turibius Elementary School 6.9 mi Catholic PRESCHOOL-8 0 0
      Westview School 7.1 mi Private 6-12 0 0
      Wildwood School 7.1 mi Private 6-12 0 0
      University Senior High School 7.2 mi Public 9-12 4 4
      Para Los Ninos Charter School 7.2 mi Public K-5 1 0
      New West Charter School 7.2 mi Public 6-12 4 4
      Alliance College-ready Academy High No. 5 7.2 mi Public 9-12 3 4
      Alliance Susan And Eric Smidt Technology High School 7.3 mi Public 9-12 3 4
      Brentwood School 7.3 mi Private K-12 0 3
      Felicitas And Gonzalo Mendez High 7.3 mi Public 9-12 3 4
      Delevan Drive Elementary School 7.3 mi Public K-6 4 4
      The Archer School For Girls 7.4 mi Private 6-12 0 4
      Yes Academy 7.5 mi Public PRESCHOOL-5 0 4
      White Memorial Adventist School 7.7 mi Private K-8 0 0
      Wildwood School-elementary 7.7 mi Private 1-5 0 0
      Animo Ralph Bunche High School 7.8 mi Public 9-12 3 4
      St. Jerome Elementary School 8.1 mi Catholic PRESCHOOL-8 0 0
      Milken Community Schools 8.1 mi Private 7-12 0 0
      Berkeley Hall 8.2 mi Private PRESCHOOL-8 0 0
      Bishop Mora Salesian High School 8.3 mi Catholic 9-12 0 4
      Math, Science, & Technology Magnet Academy At Roosevelt High 8.4 mi Public 9-12 4 4
      Highland Park Continuation School 8.5 mi Public 9-12 0 0
      Academy Of Environmental & Social Policy (esp) At Roosevelt High 8.5 mi Public 9-12 2 4
      Renaissance Arts Academy 8.7 mi Public 6-12 5 4
      Green Design At Diego Rivera Learning Complex 8.8 mi Public 9-12 2 3
      Public Service Community School 8.8 mi Public 9-12 3 3
      Paul Revere Middle School 8.8 mi Public 6-8 4 4
      St. Ignatius Of Loyola Elementary School 9.1 mi Catholic PRESCHOOL-8 0 0
      Westchester Secondary Charter 9.2 mi Public 6-11 3 0
      Youth Opportunities Unlimited School 9.4 mi Public 9-12 0 0
      Luther Burbank Middle School 9.5 mi Public 6-8 2 1
      St. Eugene 9.7 mi Catholic K-8 0 0
      Bret Harte Preparatory Middle School 10.0 mi Public 6-8 0 4
      Academy For Multilingual Arts And Science At Mervyn M. Dymally High 10.1 mi Public 9-12 1 3
      Alliance Marc & Eva Stern Math And Science 10.1 mi Public 9-12 4 4
      Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4 10.3 mi Public 9-12 2 3
      Social Justice Leadership Academy At Esteban E. Torres High No. 5 10.3 mi Public 9-12 3 3
      Animo Pat Brown 10.5 mi Public 9-12 4 4
      Ellington (duke) High (continuation) School 10.8 mi Public 9-12 0 3
      Middle College High School 11.1 mi Public 9-12 4 4
      Verbum Dei High School 11.8 mi Catholic 9-12 0 0
      Alliance Judy Ivie Burton Technology Academy High School 11.9 mi Public 9-12 4 4
      Animo College Preparatory Academy 12.0 mi Public 9-12 2 4
      Arleta High School 12.6 mi Public 9-12 3 4
      Animo Watts College Preparatory Academy 12.6 mi Public 9-12 2 3
      King-drew Magnet High School 12.7 mi Public 9-12 4 4
      Los Angeles Adventist Academy 12.9 mi Private K-12 0 0
      Laguna Nueva School 13.9 mi Public K-8 0 5
      Grover Cleveland Charter High School 14.8 mi Public 9-12 4 4
      Joaquin Miller Career And Transition Center 14.8 mi Public UNGRADE-UNGRADE 0 0
      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: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Los Angeles, CA
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 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.