Here is my Ladera Heights(area 111) real estate report for February of 2010.
Detached Homes in Ladera Heights
The total number of sales rebounded nicely in 2010.
The average sales price has been relatively stable over the last 5 years with a slight increase in 2007 and 2008.
Attached Homes (townhomes and condos) in Ladera Heights
There has also been a rebound in the number of attached sales in 2010.
Average Sales price was also up in 2010.
Has the Real Estate Market Turned in Ladera Heights?
The number of closed sales and the average sales price both seem to indicate that the market has turned in Ladera Heights. However, this is due in great part to the stimlus effect of the first time home buyer tax credit which will be expiring soon.
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