Los Angeles October 2006 Statistics - YTD
Property Type New Listings Sold Listings Median Sale Price
2005 - 2006 2005 - 2006 2005 - 2006
Single Family 14,505 - 18,322 8,906 - 7,860 825,000 - 845,000
Condo 7,045 - 9,063 4,906 - 4,054 544,500 - 560,000
Income 4,532 - 4,789 2,390 - 1,795 750,000 - 780,000
Land 1,274 - 1,349 448 - 259 305,000 - 280,000
Lease 4,464 - 5,140 2,703 - 2,760 3,100 - 3,500
If you really look closely at these numbers you can see that the number of new listings in Los Angeles single family homes is up while the number of sales are down about 12%. The median sales price of houses in Los Angeles is up slightly.
The number of sales of Los Angeles Condos is down about 17% while the median sales price is up about 3%.
Land in Los Angeles, most all of the land in these particular statistics is zoned for residential purposes, has had a sharp decrease in sales. This likely indicates that developers and speculators have less of an appetite for risk in our current market here on in Los Angeles.
2005 - 2006 2005 - 2006 2005 - 2006
Single Family 14,505 - 18,322 8,906 - 7,860 825,000 - 845,000
Condo 7,045 - 9,063 4,906 - 4,054 544,500 - 560,000
Income 4,532 - 4,789 2,390 - 1,795 750,000 - 780,000
Land 1,274 - 1,349 448 - 259 305,000 - 280,000
Lease 4,464 - 5,140 2,703 - 2,760 3,100 - 3,500
If you really look closely at these numbers you can see that the number of new listings in Los Angeles single family homes is up while the number of sales are down about 12%. The median sales price of houses in Los Angeles is up slightly.
The number of sales of Los Angeles Condos is down about 17% while the median sales price is up about 3%.
Land in Los Angeles, most all of the land in these particular statistics is zoned for residential purposes, has had a sharp decrease in sales. This likely indicates that developers and speculators have less of an appetite for risk in our current market here on in Los Angeles.
posted by Simon at
1:45 PM
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