Los Angeles home prices creeped up again in December, according to a new report from real estate data tracker CoreLogic.
The median sale price in LA County rose 0.5 percent over November, finishing the year at $570,000. That’s nearly 10 percent higher than in December of 2016, when the median price was $520,000.
Earlier in 2017, prices climbed all the way to $575,000—higher than they’ve ever been—before falling back to $565,000 in October.
Now prices are ascending once again, surpassing levels reached just prior to the late 2007 mortgage crisis. In LA County, more than 60 percent of homes now sell for over $500,000, and almost 18 percent sell for over $1 million.
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If you’re looking to buy or sell a home in Reynier Village or the Los Angeles area or just want advice on the state of the market, you should call someone who knows the area and LA market inside out, please contact me at 323-646-6569 or Laura@LauraAndersonRealtor.com. I live, shop, & work here alongside you. I sell real estate in the areas of our city I am most passionate about – Faircrest Heights, Reynier Village, Mid Wilshire, Mid City, Culver City, DTLA, Playa Del Rey, Hollywood Hills, Los Feliz, Hancock Park, and Beverly Hills. At Keller Williams, I am one of the top ten agents in my office, receiving many production awards, and I am a member of the “Agent Leadership Council”, but that’s the behind the scenes stuff. What matters to you is that I am passionate about what I do, where I live, and that I understand the local real estate market. I want my clients to be happy, offer referrals, and do business with me again.