LA County Home Prices 69% Higher Than 5 Years Ago

Posted by Mike Michalski on Friday, December 15th, 2017.

Property Shark, the real estate research and news company, recently reported that home prices in LA County have increased for 5 straight years at an average annual rate of 11% and are now 69% more expensive than 5 years ago on a price per square foot (PPSF) basis.

In fact, here's a table with the median sale price and PPSF data for LA County, 2012-2017.

The real shocker, however, is where Manhattan Beach fits in.  According to Property Shark, Manhattan Beach has the most expensive median price per square foot in the county at $943/square foot, edging out Malibu at $933/sqft and Beverly Hills at $839/sqft (if you're wondering, Lancaster has the cheapest PPSF at $135).

Also in the upper echelons in terms of median PPSF was Hermosa Beach ($787, #5), El Segundo ($629, #9) and Redondo Beach ($548, #15).

Of course, if you're just looking at the segment of larger homes with 4 or more bedrooms, Beverly Hills tops the list (they seem to specialize in the mega-mansion niche) at a whopping $1,274 PPSF but, still, Manhattan Beach's performance in the overall market is impressive.

 

This entry was posted under South Bay Real Estate News, Manhattan Beach, and Market Conditions.