{"id":16829,"date":"2015-08-03T11:53:11","date_gmt":"2015-08-03T15:53:11","guid":{"rendered":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=16829"},"modified":"2024-03-14T20:08:52","modified_gmt":"2024-03-14T18:08:52","slug":"q2-l-a-housing-market-report","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/08\/03\/q2-l-a-housing-market-report\/","title":{"rendered":"Median Sale Price Reaches 8-Year High in Los Angeles County"},"content":{"rendered":"<p>The median sale price in <a title=\"PropertyShark\" href=\"https:\/\/www.propertyshark.com\/mason\/ca\/Los-Angeles-County\/Property-Search\" target=\"_blank\" rel=\"noopener\">L.A.\u00a0county<\/a> reached <strong>$485,000 <\/strong>in the second quarter of 2015, <strong>a peak which was last seen 8 years ago (in Q4 2007)<\/strong>, shortly before the onset of the financial crisis. Compared to Q1 2015, the price represents a 7% increase while compared to the same quarter last year it\u2019s a 9% increase.<\/p>\n<p>The median price per sq. ft. ($338), up 5% Q-o-Q and 8% Y-o-Y, mirrors the trend for median sale prices and stands at an eight-year high as well.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/median_price1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-16885 aligncenter\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/median_price1.jpg\" alt=\"median_price\" width=\"700\" height=\"234\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/median_price1.jpg 700w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/median_price1.jpg?resize=300,100 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><strong>Year-over-Year Stats at a Glance<\/strong><\/p>\n<ul>\n<li>Median sale price: 9% (Y-o-Y);<\/li>\n<li>No. of transactions: 0.2% (Y-o-Y);<\/li>\n<li>Median sale price\/sq. ft.: 8% (Y-o-Y);<\/li>\n<li>Luxury market sales: 13% (Y-o-Y);<\/li>\n<li>Most expensive zip code: 90210.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Single-family_versus_Condo_Sales\"><\/span><strong>Single-family versus Condo Sales<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In Q2 2015, median prices were up for all property classes. The median price for single family homes was $510,000, just $100K over the median price for condos. The price per sq. for single family homes registered the same value as that for condos &#8212; $341. See below the number of sales by property type.<\/p>\n<h3><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/property_type.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-16851 aligncenter\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/property_type.jpg\" alt=\"property_type\" width=\"479\" height=\"244\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/property_type.jpg 479w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/property_type.jpg?resize=300,153 300w\" sizes=\"auto, (max-width: 479px) 100vw, 479px\" \/><\/a><\/h3>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Total_Sales_Flat_Y-o-Y_Luxury_Sales_Roaring\"><\/span><strong>Total Sales Flat Y-o-Y, Luxury Sales Roaring<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The number of transactions in the county hardly grew Y-o-Y (+0.2%), but managed to stay in the positive.\u00a0However, some segments of the markets such as luxury sales have performed strongly and were up 13%.<\/p>\n<p><a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/luxury.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-16850 aligncenter\" src=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/luxury.jpg\" alt=\"Luxury Market\" width=\"700\" height=\"217\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/luxury.jpg 700w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/luxury.jpg?resize=300,93 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Top_10_Residential_Sales_by_Sale_Price\"><\/span><strong>Top 10 Residential Sales by Sale Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The most expensive sale in Q2 was a 10-bedroom mansion in the posh Holmby Hills area, which closed at slightly over $59 million. The property was first listed for $75M.<\/p>\n<p>See the full report of each property by clicking on the Property Address.<\/p>\n\n<table id=\"tablepress-26\" class=\"tablepress tablepress-id-26\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">No.<\/th><th class=\"column-2\">Property Address<\/th><th class=\"column-3\">Sale Price <\/th><th class=\"column-4\">Property Type<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16216531\/384-Delfern-Dr-Los-Angeles-CA-90077\/\" target=\"_blank\">384 Delfern Dr, LA<\/a><\/td><td class=\"column-3\">$59,356,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16223068\/1100-Bel-Air-Rd-Los-Angeles-CA-90077\/\" target=\"_blank\">1100 Bel Air Rd, LA<\/a><\/td><td class=\"column-3\">$34,500,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/15164176\/837-Greenway-Dr-Beverly-Hills-CA-90210\/\" target=\"_blank\">837 Greenway Dr, Beverly Hills<\/a><\/td><td class=\"column-3\">$28,000,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16219604\/385-Copa-De-Oro-Rd-Los-Angeles-CA-90077\/\" target=\"_blank\">385 Copa De Oro Rd, Los Angeles<\/a><\/td><td class=\"column-3\">$25,000,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16450202\/8940-Thrasher-Ave-West-Hollywood-CA-90069\/\" target=\"_blank\">8940 Thrasher Ave, West Hollywood<\/a><\/td><td class=\"column-3\">$25,000,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/15164771\/910-Foothill-Rd-Beverly-Hills-CA-90210\/\" target=\"_blank\">910 Foothill Rd, Beverly Hills<\/a><\/td><td class=\"column-3\">$23,700,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/15163561\/913-N-Bedford-Dr-Beverly-Hills-CA-90210\/\" target=\"_blank\">913 N Bedford Dr, Beverly Hills<\/a><\/td><td class=\"column-3\">$23,500,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16227065\/46-Beverly-Park-Cir-Beverly-Hills-CA-90210\/\" target=\"_blank\">46 Beverly Park Cir, Beverly Hills<\/a><\/td><td class=\"column-3\">$22,250,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16219514\/534-Barnaby-Rd-Los-Angeles-CA-90077\/\" target=\"_blank\">534 Barnaby Rd, Los Angeles<\/a><\/td><td class=\"column-3\">$21,440,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\"><a href=\"https:\/\/www.propertyshark.com\/mason\/Property\/16233799\/15070-Corona-Del-Mar-Pacific-Palisades-CA-90272\/\" target=\"_blank\">15070 Corona Del Mar, Pacific Palisades<\/a><\/td><td class=\"column-3\">$21,000,000<\/td><td class=\"column-4\">Single Family Residence<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-26 from cache -->\n<h3><span class=\"ez-toc-section\" id=\"Beverly_Hills_Santa_Monica_and_San_Marino_the_Most_Expensive_Areas\"><\/span><strong>Beverly Hills, Santa Monica, and San Marino the Most Expensive Areas<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>90210 of Beverly Hills topped the list of the most expensive zip codes in the county, where the average home was sold for over $4M. The second and third most expensive zip codes were in Santa Monica (90402) and San Marino (91108) where the average homes were sold for $2.7M and $2.5M respectively.<\/p>\n<p>The median sale price of the 123 homes sold in Q2 2015 in zip code 90210 was $4.1M (a 12% increase year-over-year), making 90210 the most expensive zip code in LA County. Zip code 90402 grabs the No. 2 slot with a median home price of $2.7M; that\u2019s $1,237 per square foot, the biggest price per sq.ft. in LA county.<\/p>\n\n<table id=\"tablepress-27\" class=\"tablepress tablepress-id-27\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Rank<\/th><th class=\"column-2\">Zip codes<\/th><th class=\"column-3\">Location<\/th><th class=\"column-4\">No. of transactions<\/th><th class=\"column-5\">Median sale price<\/th><th class=\"column-6\">Median price per sq. ft. <\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">90210<\/td><td class=\"column-3\">Beverly Hills<\/td><td class=\"column-4\">123<\/td><td class=\"column-5\">$4,100,000<\/td><td class=\"column-6\">$1,026<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">90402<\/td><td class=\"column-3\">North of Montana, Santa Monica<\/td><td class=\"column-4\">37<\/td><td class=\"column-5\">$2,737,500<\/td><td class=\"column-6\">$1,237<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">91108<\/td><td class=\"column-3\">San Marino<\/td><td class=\"column-4\">39<\/td><td class=\"column-5\">$2,500,000<\/td><td class=\"column-6\">$828<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">90077<\/td><td class=\"column-3\">Bel Air<\/td><td class=\"column-4\">45<\/td><td class=\"column-5\">$2,350,000<\/td><td class=\"column-6\">$879<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\">90272<\/td><td class=\"column-3\">Pacific Palisades<\/td><td class=\"column-4\">123<\/td><td class=\"column-5\">$2,350,000<\/td><td class=\"column-6\">$947<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\">90212<br \/>\n<\/td><td class=\"column-3\">Beverly Hills<\/td><td class=\"column-4\">23<\/td><td class=\"column-5\">$2,200,000<\/td><td class=\"column-6\">$880<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\">91008<\/td><td class=\"column-3\">Bradbury<\/td><td class=\"column-4\">6<\/td><td class=\"column-5\">$2,075,000<\/td><td class=\"column-6\">$876<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\">90266<br \/>\n<\/td><td class=\"column-3\">Manhattan Beach<\/td><td class=\"column-4\">121<\/td><td class=\"column-5\">$2,000,000<\/td><td class=\"column-6\">$938<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\">90049<\/td><td class=\"column-3\">Brentwood<\/td><td class=\"column-4\">169<\/td><td class=\"column-5\">$1,900,000<\/td><td class=\"column-6\">$725<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\">90265<\/td><td class=\"column-3\">Malibu<\/td><td class=\"column-4\">105<\/td><td class=\"column-5\">$1,750,000<\/td><td class=\"column-6\">$766<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-27 from cache -->\n<p>The area with the most affordable housing prices is Pearblossom (zip code 93553), where the median price is as low as $117,500.<\/p>\n\n<table id=\"tablepress-28\" class=\"tablepress tablepress-id-28\">\n<thead>\n<tr class=\"row-1\">\n\t<th class=\"column-1\">Rank<\/th><th class=\"column-2\">Zip codes<\/th><th class=\"column-3\">Location<\/th><th class=\"column-4\">No. of transactions<\/th><th class=\"column-5\">Median selling price<\/th><th class=\"column-6\">Median price per sq. ft.<\/th>\n<\/tr>\n<\/thead>\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-2\">\n\t<td class=\"column-1\">1<\/td><td class=\"column-2\">93553<\/td><td class=\"column-3\">Pearblossom<\/td><td class=\"column-4\">12<br \/>\n<\/td><td class=\"column-5\">$117,500<\/td><td class=\"column-6\">$105<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\">2<\/td><td class=\"column-2\">93591<br \/>\n<\/td><td class=\"column-3\">Palmdale<\/td><td class=\"column-4\">32<\/td><td class=\"column-5\">$132,500<\/td><td class=\"column-6\">$97<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\">3<\/td><td class=\"column-2\">93534<\/td><td class=\"column-3\">Lancaster<\/td><td class=\"column-4\">154<\/td><td class=\"column-5\">$164,500<\/td><td class=\"column-6\">$111<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\">4<\/td><td class=\"column-2\">93535<\/td><td class=\"column-3\">Lancaster<\/td><td class=\"column-4\">336<\/td><td class=\"column-5\">$167,250<\/td><td class=\"column-6\">$104<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\">5<\/td><td class=\"column-2\">93543<br \/>\n<\/td><td class=\"column-3\">Littlerock<\/td><td class=\"column-4\">51<\/td><td class=\"column-5\">$180,000<\/td><td class=\"column-6\">$125<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\">6<\/td><td class=\"column-2\">93550<\/td><td class=\"column-3\">Palmdale<\/td><td class=\"column-4\">276<\/td><td class=\"column-5\">$185,000<\/td><td class=\"column-6\">$126<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\">7<\/td><td class=\"column-2\">93552<\/td><td class=\"column-3\">Palmdale<\/td><td class=\"column-4\">167<\/td><td class=\"column-5\">$215,000<\/td><td class=\"column-6\">$117<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\">8<\/td><td class=\"column-2\">93532<\/td><td class=\"column-3\">Lake Hughes<\/td><td class=\"column-4\">6<\/td><td class=\"column-5\">$220,000<\/td><td class=\"column-6\">$133<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\">9<\/td><td class=\"column-2\">90061<\/td><td class=\"column-3\">Willowbrook<\/td><td class=\"column-4\">31<\/td><td class=\"column-5\">$236,000<\/td><td class=\"column-6\">$228<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\">10<\/td><td class=\"column-2\">90002<br \/>\n<\/td><td class=\"column-3\">Watts<\/td><td class=\"column-4\">67<\/td><td class=\"column-5\">$238,000<\/td><td class=\"column-6\">$244<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<!-- #tablepress-28 from cache -->\n<p>&nbsp;<\/p>\n<p>If you\u2019d like to read more details on L.A.&#8217;s housing\u00a0market in Q2, check out our full <a href=\"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/LA_Report_q2_2015.pdf\" target=\"_blank\" rel=\"noopener\">Los Angeles Report<\/a>\u00a0for Q2-2015.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The median sale price in L.A.\u00a0county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years ago (in Q4 2007), shortly before the onset of the financial crisis. Compared to Q1 2015, the price represents a 7% increase while compared to the same quarter last year it\u2019s a 9%&hellip;<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[738,386],"tags":[757,761],"class_list":["post-16829","post","type-post","status-publish","format-standard","hentry","category-california-real-estate","category-la-real-estate","tag-los-angeles-home-sales-market-report","tag-median-price-of-a-l-a-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Los Angeles Home Prices Hit 8-Year High in Q2 2015<\/title>\n<meta name=\"description\" content=\"The median sale price in L.A. county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years 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Staff","twitter_card":"summary_large_image","twitter_misc":{"Written by":"PropertyShark Staff","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/08\/03\/q2-l-a-housing-market-report\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/08\/03\/q2-l-a-housing-market-report\/","name":"Los Angeles Home Prices Hit 8-Year High in Q2 2015","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/08\/03\/q2-l-a-housing-market-report\/#primaryimage"},"image":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2015\/08\/03\/q2-l-a-housing-market-report\/#primaryimage"},"thumbnailUrl":"http:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2015\/08\/median_price1.jpg","datePublished":"2015-08-03T15:53:11+00:00","dateModified":"2024-03-14T18:08:52+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/77ec7f7b0781dcef4b448cfdb9242c0c"},"description":"The median sale price in L.A. county reached $485,000 in the second quarter of 2015, a peak which was last seen 8 years 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