According to a recent report from Redfin, home values in Los Angeles increased 9.6 percent in December over the same time the previous year. The median sales price has been steadily on the rise since October, bringing the value back up to the June 2015 level.

lamedian

Conditions to seemed to be slowing in October and November, but trends shifted paths going into the last month of the year.

[Tweet “Homes sitting on the market during late fall were snatched in Dec”]

Homebuyers in LA seemed to have taken advantage of the time of the year, snatching up 3.6 percent more homes than were added to the market during December.

lahomesold

Some neighborhoods are leading the path in Los Angeles. West Adams is growing as a revitalizing area of LA.

Check out Redfin‘s breakdown of Los Angeles neighborhood real estate trends.

Neigh-bor-
hood
Median Sale Price
(Thous.)
Year-Over-Year Homes Sold Year-Over-Year Inventory Year-Over-Year New Listings Median Days on Market Avg Sale-to-List
Beverly
Glen
$2,050 52.0% 22 46.7% 35 -18.6% 23 40 96.1%
Beverly
Hills
Post
Office
$2,400 39.1% 55 7.8% 109 -6.0% 72 34 95.4%
Brent-
wood
$1,437.5 -17.9% 110 -11.3% 154 23.2% 125 22 98.2%
Central
LA
$850 3.0% 770 -6.8% 1,053 -5.1% 1,010 27 97.7%
Century
City
$932.5 8.1% 84 9.1% 93 -13.1% 80 22 98.9%
Chats-
worth
$535 9.2% 117 3.5% 112 -32.5% 117 22 97.2%
Cheviot
Hills
$1,411.
417
-19.2% 14 -30.0% 24 50.0% 26 20 95.9%
Cren-
shaw
$560 0.0% 44 91.3% 37 -24.5% 44 15 100.9%
Down-
town
$605 7.1% 82 -9.9% 114 -5.0% 101 32 97.4%
Eagle
Rock
$700 7.7% 69 -4.2% 61 -1.6% 79 21 101.6%
East
LA
$625 19.6% 594 5.7% 612 -1.1% 702 19 100.3%
Encino $697.5 -0.6% 173 -2.3% 193 -14.6% 191 29 96.5%
Fox
Hills
$438 7.5% 20 -33.3% 13 -50.0% 27 12 101.5%
Glassell
Park
$625 8.0% 83 130.6% 45 2.3% 78 7 99.4%
Greater
Echo
Park
Elysian
$813 25.3% 66 40.4% 91 28.2% 73 19 100.1%
Hancock
Park
$2,626.
388
26.6% 18 5.9% 18 100.0% 17 35 98.1%
Highland
Park
$612 14.9% 81 -24.3% 91 -3.2% 102 20 99.9%
Holly-
wood
$750 -4.8% 61 -22.8% 114 31.0% 102 28 98.9%
Holly-
wood
Hills
West
$1,150 0.0% 171 4.3% 252 -1.6% 226 24 97.4%
Holmby
Hills
$1,239 -33.0% 11 22.2% 19 -24.0% 13 25 95.0%
Lake
Balboa
$475 11.1% 87 -12.1% 70 -28.6% 83 15 99.1%
Marina
del Rey
$878 17.1% 75 -18.5% 63 -23.2% 72 15 98.9%
Mid-City $825 4.4% 137 -3.5% 143 -27.0% 147 22 98.7%
Mount
Wash-
ington
$720 25.2% 72 2.9% 60 11.1% 71 16 102.0%
North
Holly-
wood
$475 11.8% 132 -5.7% 156 -18.8% 153 26 98.9%
North
Valley
$450 6.9% 1,216 5.5% 1,169 -28.4% 1,269 21 98.6%
North-
west
San
Pedro
$478 8.6% 81 52.8% 60 -23.1% 76 24 99.1%
Pacific
Pali-
sades
$2,450 23.8% 83 -1.2% 125 21.4% 111 32 97.1%
Pacoima $365 14.1% 71 6.0% 76 -42.9% 90 21 100.4%
Pano-
rama
City
$415 9.8% 57 9.6% 39 -50.0% 52 16 101.2%
Sherman Oaks $775.5 10.0% 221 -9.8% 237 -5.2% 257 19 98.1%
Silver
Lake
$874 -4.5% 80 -7.0% 96 5.5% 95 22 99.1%
South Central
LA
$344.25 7.6% 189 -6.4% 323 -15.2% 292 28 98.0%
South
LA
$375 10.6% 792 -3.3% 1,342 -9.8% 1,204 23 98.7%
South Valley $535 7.1% 1,516 -1.4% 1,547 -24.1% 1,586 24 97.8%
Studio City $981.7 13.9% 139 8.6% 181 11.0% 181 25 96.8%
Sun Valley $421.5 7.3% 71 -15.5% 75 -30.6% 86 22 99.2%
Sylmar $400 8.1% 147 15.7% 148 -33.0% 159 24 98.9%
Tarzana $595 32.7% 129 7.5% 150 -14.3% 141 27 97.1%
Valley Village $816.5 22.8% 42 -17.6% 48 -15.8% 40 19 98.6%
Van
Nuys
$490 10.1% 103 -12.0% 125 -33.5% 120 16 98.7%
Venice $1,700 8.6% 90 -6.3% 123 10.8% 116 23 97.4%
Watts $275 10.0% 93 3.3% 165 -9.8% 146 32 100.6%
West Adams $525 27.1% 42 7.7% 38 -37.7% 44 14 102.1%
West
Long
Beach
$371.5 14.3% 41 7.9% 43 -30.6% 44 36 99.4%
West
Los Angeles
$1,150 19.9% 1,376 -7.6% 1,604 -5.9% 1,595 21 98.5%
West-
wood
$850 6.3% 97 1.0% 128 -19.0% 113 35 96.7%
Wood-
land
Hills
$669.950 3.1% 211 6.6% 208 -29.0% 212 22 96.9%
Los Angeles $559,000 9.6% 2,499 3.6% 5,529 -20.0% 2,028 24 98.2%
Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×