DREAM HM NEWS




Political & Real Estate News

Southern California Home Sale Activity

5/31/2017

While inventory stays down, single family home prices in Southern California are taking an upturn, according to the April and March 2017 reports from Corelogic.com.

Los Angeles County is showing a 5.8% price change from April of the previous year.

Beverly Hills, 90210 is by far the most affluent market, where the median price per square foot is up to $7,050 as of this month. While this is a 34% gain over April of last year, (which isn’t too shabby,) the price increase in March was out of the park, with an amazing 136.2% price increase! At that time, the corresponding median price per square foot was $6,000!

In addition, there were a few surprise markets emerging from left field, including Inglewood – particularly zip code 90304, with a 60% gain, Lincoln Heights, with a 65.5% gain, Topanga at 81.4%, and Dockweiler with a hefty 105.2% gain over last years figures.

Santa Barbara County shows a healthy gain of 24.6% overall. Trending over the past several months, Guadalupe reveals the biggest gain in its league, with a shocking 184.2% gain from its 2016 figures, even more drastic than its leading edge of a 55% upswing in March. The zip code 93101 is the priciest in Santa Barbara, with a median price per share foot of $1,431.

Orange County shows a steady increase of roughly 4.7% over last year, with its heavy hitters being Irvine, 92603, at a 82.9% gain, followed by Laguna Beach at a 47.3% increase, and Balboa Island at a 47.6% increase. Balboa Island also boasts the highest prices at $4,614 per square foot.

In March, Newport Beach, 92663, was the OC’s poster child, with a gain of 63.5%.

San Diego County shows an increase of 7.5% from last year. North County reveals its all-star players this month, with Solana Beach at 63.3%, and Del Mar, coming in second at 45.8%. Del Mar also takes the lead on the median price per square foot, at $2,467 - barely beating both La Jolla and Rancho Santa Fe.

San Diego’s market seems to be gaining momentum overall, as it climbs higher than its gain in March, which was 4.8%; when the unlikely underdog, Bonsall, took position as the highest gain with a 100.9% increase in prices over last year.

To see the complete chart, click here: http://www.corelogic.com/downloadable-docs/dq-news/southern-ca-home-resale-activity-march-2017.pdf


Print Date: 2/18/2020
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