February 26, 2024 The Best Source of News, Culture, Lifestyle for Culver City, Mar Vista, Del Rey, Palms and West Los Angeles

Real estate: Median price of L.A. County home rises, number of homes sold falls

The median price for a Southern California home was $409,000 in January, down 1.4 percent from $415,000 in December and up 7.6 percent from $380,000 in January 2014. (Thinkstock)
The median price for a Southern California home was $409,000 in January, down 1.4 percent from $415,000 in December and up 7.6 percent from $380,000 in January 2014. (Thinkstock)

The median price of a home in Los Angeles County rose by 12.2 percent in January, compared with the same month a year ago, while the number of homes sold fell by 3.6 percent, a real estate information service announced today.

According to CoreLogic DataQuick, the median price of a Los Angeles County home was $460,000 last month, up from $410,000 in January 2014. A total of 4,738 homes were sold in the county, down from 4,913 during the same month the previous year.

In Orange County, the median price was $562,500 last month, up 2.3 percent from $550,000 in January 2014. The number of homes sold dropped by 10.1 percent, from 2,205 in January 2014 to 1,982 last month.

A total of 13,560 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic DataQuick. That was down 29.4 percent from 19,205 in December and down 6.3 percent from 14,471 in January 2014.

The median price for a Southern California home was $409,000 in January, down 1.4 percent from $415,000 in December and up 7.6 percent from $380,000 in January 2014.

“The January and February statistics are always interesting, and sometimes a bit strange, but they’re not necessarily a good indication of what’s to come,” said Andrew LePage, CoreLogic DataQuick analyst. “That’s largely because many traditional buyers and sellers drop out of the housing market during the holidays and mid-winter, and therefore don’t close deals during those months. In recent years, that’s led to somewhat higher concentrations of investor activity for January and February, and we saw that again last month.

Related Posts

(Video) Baltaire’s DJ Brunch is Ready to Make Your Weekend Fabulous

February 23, 2024

February 23, 2024

Baltaire is America’s Favorite Neighborhood Steakhouse. A Contemporary Restaurant in Brentwood With Classic Genes, Baltaire Is Where to Enjoy Brunch...

Culver City Launches Early Voting Center for City Residents for Upcoming Elections

February 22, 2024

February 22, 2024

Municipal Government Provides Residents With Convenient Options for Early Voting. As the upcoming elections draw near, Culver City residents are...

Los Angeles Mayor Joins President Biden to Announce $1.2B Student Loan Relief

February 22, 2024

February 22, 2024

President Biden in a Groundbreaking Move to Alleviate Student Debt Burdens. On February 21, Mayor Karen Bass of Los Angeles...

Los Angeles County Takes Grubhub to Court Alleging Deceptive Practices

February 22, 2024

February 22, 2024

Legal Action Initiated Against Grubhub for Alleged False Advertising Los Angeles County has initiated legal proceedings against food delivery giant...

(Video) Russian River’s Pliny the Younger 2024 at Father’s Office in Culver City

February 22, 2024

February 22, 2024

Russian River’s Pliny the Younger 2024  at Father’s Office in Culver City. The ticket got you two pours of the...

Culinary Bliss Awaits: Los Angeles Wine & Food Festival Debuts in Santa Monica

February 21, 2024

February 21, 2024

Santa Monica Pier Welcomes the Inaugural Los Angeles Wine & Food Festival Santa Monica is set to become the birthplace...

Beloved Los Angeles Restaurant Manzke to Close Alongside Bicyclette on March 2

February 21, 2024

February 21, 2024

Culinary power couple Walter and Margarita Manzke Continue on with République  By Dolores Quintana Chefs Walter and Margarita Manzke are...

Indulge Your Cookie Cravings and Support Local Scouts: Girl Scout Cookie® Sales Now Open

February 21, 2024

February 21, 2024

Multiple Ways to Purchase Iconic Cookies and Make a Difference You can satisfy your Girl Scout Cookie® cravings this season...

Hippity Hoppity: Culver City’s Egg-stravaganza Celebrates Joy and Community For Easter

February 20, 2024

February 20, 2024

Join the Easter Fun: Culver City’s Annual Spring Egg Hunt at Veterans Memorial Park This Saturday, March 23, 2024, Veterans...

City and County of Los Angeles Activate Winter Shelter Program Amid Harsh Weather Conditions

February 20, 2024

February 20, 2024

City Again Offers Shelter for the Unhoused in Cold and Rainy Weather To address the urgent needs of those experiencing...

Countdown to the 30th Annual SAG Awards: Celebrating Excellence in Film and TV

February 20, 2024

February 20, 2024

SAG Awards Ceremony Set for Feb. 24, 2024, to be Globally Streamed on Netflix The anticipation for the 30th Annual...

(Video) If Not Now Los Angeles Protest at Vice President Kamala Harris’ Home in Brentwood

February 20, 2024

February 20, 2024

The group held a Shiva or Jewish mourning ceremony as a protest. @brentwoodnewsla If Not Now Los Angeles Protest at...

Atmospheric River Update for Los Angeles, Santa Monica, and Malibu for February 19

February 19, 2024

February 19, 2024

Road Closures, Mudslides, and Heaviest Rainfall of This Storm Still on the Way The City of Los Angeles intensified its...

Caltrans Shuts Down NB I-405 Off-Ramp Indefinitely

February 19, 2024

February 19, 2024

Motorists Urged to Seek Alternatives Amid Closure  Caltrans District 7, has announced revealed that the northbound I-405 off-ramp to Skirball...

Oklahoma Man Pleads Guilty to Threatening LA Schools with Bomb Attacks and Shootings

February 19, 2024

February 19, 2024

Angry Man Pleads Guilty To Making Chilling Threats Against Children and Schools Marcus Jamal Sanchez, 45, also known as “Marcus...