Some of LA's Hot Spots Aren't Looking so Hot

     

Corelogic's most recent report on Southern California Pasadena Craftsman HouseReal Estate Sales is out.  I highlighted the biggest highs and lows (focusing on cities with a healthy number of sales).  

Here's what is interesting...

Some of LA's most luxurious neighborhoods are NOT performing as well as last year, at least when comparing March of 2015 to March 2014...

  • Beverly Hills (90210) is down 43.6%
  • Calabasas is down 33.3%
  • Pasadena (91106) is down 35.8%
  • South Pasadena down 26.1%

It's not all bad... 

  • LA (Beverlywood) 90035 up 36.3%
  • Brentwood up 63.9%
  • Bel-Air up 95.7%
  • LA/Glassel Park up 32.5%
  • Compton up 50.5%

Does this mean it's time to sell your house?  It depends on your reasoning.  If you are looking to use the equity in your house, then probably.  If you need to downsize, maybe.  If you are looking to move to a different house, then only when you are ready.

Research your zip code and see how it's performing: Home Sales Recorded in March 2015.  Keep up-to-date with all the current LA Real Estate news by following my blog.

 

Photo Credit: 13 going on 30 by Tony Hoffarth

 

Jennifer Shenbaum

About The Author

Jennifer Shenbaum is a real estate investor based in Southern California. She is a veteran of the housing market crash of 2007. Best of all, she offers free remodeling ideas to all who ask.