Real Estate Overview for Los Angeles, CA

Summary for Los Angeles Average price per square foot for Los Angeles CA was $513, an increase of 13% compared to the same period last year. The median sales price for homes in Los Angeles CA for Oct 15 to Jan 16 was $640,000 based on 1,862 home sales. Compared to the same period one year ago, the median home sales price increased 10.3%, or $60,000, and the number of home sales decreased 11.6%. There are currently 3,244 resale and new homes in Los Angeles on Trulia, including 475 open houses, as well as 2,410 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in Los Angeles CA was $1,169,294 for the week ending Jan 06, which represents a decrease of 0.7%, or $8,598, compared to the prior week. Popular neighborhoods in Los Angeles include Hollywood Hills and Bel Air, with average listing prices of $3,245,310 and $8,635,664. href='http://realestate.money.cnn.com/real_estate/Los_Angeles-California/' - http://realestate.money.cnn.com/real_estate/Los_Angeles-California/ -