Real Estate Market Summary :

Average price per square foot for Los Angeles CA was $270, a decrease of 3.6% compared to the same period last year. The median sales price for homes in Los Angeles CA for May 11 to Jul 11 was $299,500 based on 4,592 home sales. Compared to the same period one year ago, the median home sales price decreased 5.7%, or $18,065, and the number of home sales decreased 5.3%. There are currently 7,254 resale and new homes in Los Angeles on Trulia, including 62 open houses, as well as 9,062 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 $941,046 for the week ending Aug 24, which represents an increase of 1.3%, or $12,164, compared to the prior week. Popular neighborhoods in Los Angeles include Hollywood Hills and Bel Air, with average listing prices of $2,040,229 and $6,327,689.

City Info :

Los Angeles is the 2nd most-populated city in the United States and the largest city in California. At it's tallest spread (north-to-south), Los Angeles stretches 44 miles and at its widest (east-to-west) for 29 miles.The greater Los Angeles metropolitan area is said to consist of an estimated 17.7 million people. Founded in 1781 by Felipe de Neve, Los Angeles was first a territory of Spain before being acquired by Mexico. California (and thus Los Angeles) then became part of the United States following the Mexican-American War in 1848.

Living in Los Angeles :

Los Angeles offers a great deal of public transportation with bus lines and subway systems throughout the system. Flying is also convenient, thanks to the major airport, Los Angeles International Airport (LAX). For those who prefer to drive, LA has one of the most extensive freeway systems in the country.

Home Just Sold in Los Angeles :