According to themls.com, the priciest Los Angeles County neighborhoods 2019 to Date are:
- Beverly Hills, 90210 and 90212, a median sale price of a home is $6.4 million.
- Malibu, 90264, a median sale price of a home is $3.8 million.
- Bel Air, a median sale price of a home is $3.4 million.
- Pacific Palicades, 90272, a median sale price of a home is $3.1 million.
- Brentwood , 90049 , a median sale price of a home is $2.6 million.
*Interested to find out the American zip codes, check this article published by Property Shark.
Summary of the housing market in L.A. County: Sales has been declining on the year-over-year basis for eight consecutive months since May 2018 and hit the lowest point in nearly 4 years in December 2018. Sales declined in all price segments at the end of 2018 but falling the most in the high-end market in recent months. The inventory level continues to increase for the eight consecutive months. The outlook for the economy and the housing market is a mixed bag for the upcoming year. With the interest rates expected to increase this year and home prices remain elevated, affordability will continue to hamper home sales in 2019. While the economy will stay solid this year , there is currently a high-level of market uncertainty among consumers. Wild cards such as a government shutdown, the trade conflict with China, and the stock market volatility are just a few to keep in mind. The softer housing demand can put downward pressure on home prices. Supply should improve in the upcoming year, so buyers might experience less bidding wars and more flexibility in the price negotiation.
If you are thinking of selling your L.A. home this year, call the agent you trust and list it now, do not wait.
*Email an address of your property to firstname.lastname@example.org for your prompt free market consultation.