The news here is good. In only seven out of these 25 areas do we see reductions in the median sales price, and out of those 7 only 3 areas (Brentwood, West Hollywood and Malibu) show reductions in the the double digits. That leaves eighteen of the most popular areas of LA showing positive growth in this challenging economy. This data while representing only a portion of the LA metro area supports what I previously reported in this blog (via the Washington post) that prices are rose slightly last year in the LA, SF, SD and the Washington DC areas, while prices nationally continue to drop or are flat.
2010 Compared with 2009 and percent change
| Area | 2010 | 2009 | % +/- | |||
| Beverly Hills | $3,200,000 | $2,900,000 | +10.3% | |||
| Beverly Hills P.O. | $1,850,000 | $1,699,999 | +8.8% | |||
| Sunset Strip – Hwood Hills | $1,200,000 | $1,200,000 | +0.0% | |||
| Bel Air/Holmby | $1,590,000 | $1,550,000 | +2.5% | |||
| Westwood - Century City | $1,300,000 | $1,300,000 | +0.0% | |||
| Brentwood | $1,723,885 | $2,057,500 | -19.3% | |||
| West L.A. | $697,500 | $665,000 | +4.8% | |||
| Cheviot Hills/ Rancho Park | $1,200,000 | $1,249,500 | -4.1% | |||
| Beverlywood Vicinity | $800,000 | $778,000 | +2.8% | |||
| West Hollywood | $760,000 | $850,000 | -11.8% | |||
| Venice | $975,000 | $980,000 | -0.05% | |||
| Marina Del Rey | $1,550,000 | $1,225,000 | +18.3% | |||
| Palms - Mar Vista | $740,000 | $700,000 | +5.7% | |||
| Santa Monica | $1,634,000 | $1,579,000 | +3.4% | |||
| Pacific Palisades | $1,815,000 | $1,930,000 | +5.9% | |||
| Hancock Park | $982,500 | $905,000 | +8.0% | |||
| Beverly Center-Miracle M | $905,000 | $880,000 | +2.8% | |||
| Hollywood | $453,500 | $413,000 | +9.6% | |||
| Silver Lake/Echo Park | $600,000 | $600,000 | +0.0% | |||
| Los Feliz | $931,250 | $920,000 | +1.2% | |||
| Westchester | $670,000 | $679,000 | -1.3% | |||
| Hollywood Hills East | $922,500 | $950,000 | -2.9% | |||
| Playa Del Rey | $1,000,000 | $940,500 | +6.3% | |||
| Malibu Beach | $4,100,000 | $6,150,000 | -50.0% | |||
| Malibu | $1,725,000 | $1,717,845 | +0.04% |
