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.
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.
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% |