Home Prices in Los Angeles

By
Real Estate Agent with Dilbeck Realty

Some believe home prices for homes around $500,000 have hit rock bottom and are ready to start that bounce. This belief is due to the fact that construction stocks are on the rise as well as REIT fund. As for luxury homes in Los Angeles the market is still soft. Average price for homes in Studio City is around $690,000; Beverly Hills- $1,887,200 and Bel Air $1,767,800. So there are still deals to be made in that market.

Comments (2)

Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Yes, Inna, still lots of deals to be had.  And with the home prices still dropping natonwide - 5% down in February, (yes even in LA and the surrounding areas) we still have yet to hit bottom. 

Mar 24, 2011 01:40 PM
Inna Khusid
Dilbeck Realty - Studio City, CA

I hope this bottom is nearing. I am sure we will see some changes in the next 6-8 months

Aug 03, 2011 09:14 AM