The real estate market in Downtown Los Angeles has changed over the past year. While many agents report a slowdown in the number of buyers due to higher prices, sales volume by dollar amount is up by 25% year over year.
Here are the Downtown numbers for the 6 month period ending April 5, 2015:
| # of Listings | — | — | — | — | 206 | 206 | — | — | — |
| Average Days on Market | — | — | — | — | 69 | 69 | — | — | — |
| Median Days on Market | — | — | — | — | 49 | 49 | — | — | — |
| Low Price $ | — | — | — | — | $119,000 | $120,000 | — | — | — |
| Median Price $ | — | — | — | — | $562,000 | $550,000 | — | — | — |
| High Price $ | — | — | — | — | $3,550,000 | $3,450,000 | — | — | — |
| Average Price Total $ | — | — | — | — | $658,138 | $642,304 | — | — | — |
| *Avg. Price w/ Sq.Ft. $ | — | — | — | — | $658,138 | $642,304 | — | — | — |
| *Average Sq. Ft. | — | — | — | — | 1,139 | 1,139 | — | — | — |
| *Avg. Price/Sq.Ft. $ | — | — | — | — | $563.06 | $550.88 | — | — | — |
| *Median Price/Sq.Ft.$ | — | — | — | — | $568 | $564 | — | — | — |
| ***Avg. Price w/ LSZ $ | — | — | — | — | $647,902 | $632,339 | — | — | — |
| ***Average LSZ | — | — | — | — | 60,667.02 | 60,667.02 | — | — | — |
| ***Median LSZ | — | — | — | — | 39,304 | 42,554 | — | — | — |
| ***Avg. Price/LSZ $ | — | — | — | — | $20.01 | $19.56 | — | — | — |
| Avg. SP/Avg. LP | — | — | — | — | — | 97.59% | — | — | — |
| Avg. SP/Avg. OLP | — | — | — | — | — | 96.00% | — | — | — |
| Total Volume | — | — | — | — | $135,576,449 | $132,314,755 | — | — | — |
Los Angeles And Westside Stats At A Glance
Year-Over-Year
Median home prices increased by 13.8% year-over-year to $1,080,000 from $949,000.
The average home sales price rose by 1.7% year-over-year to $1,689,770 from $1,661,780.
Home sales rose by 5.2% year-over-year to 542 from 515.
Active listings rose 50.6% year-over-year to 7,654 from 5,083.
Sales price vs. list price ratio rose by 1.8% year-over-year to 100.5% from 98.7%.
The average days on market rose by 0.2% year-over-year to 55 from 55.
Compared To Last Month
Median home prices slipped by 9.6% to $1,080,000 from $1,195,000.
The average home sales price rose by 2.3% to $1,689,770 from $1,651,060.
Home sales up by 34.5% to 542 from 403.
Active listings increased 6.0% to 7,654 from 7,224.
Sales price vs. list price ratio increased by 1.1% to 100.5% from 99.4%.
The average days on market dropped by 5.8% to 55 from 59.
Here is the Los Angeles MLS market report on pdf:
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