West LA Home Prices & Real Estate Investment?

West LA Home Prices & Real Estate Investment?

West LA Home Prices & Real Estate Investment?

Is Now the Time to Invest in West LA Real Estate?

If you’re planning to buy a West LA home, do it now, because prices are going up for the next few years.

The population in LA has been pretty stagnant, but West LA home prices are not and that’s partly because LA is running out of space. Housing development growth is mainly in the cheaper outer locations in Riverside and San Bernardino. In some West LA neighborhoods home prices are up 30 percent in the last three years – although it’s difficult to separate real West LA home sales from the boom in foreclosed subprime properties. Whatever the cause, you can expect West LA home prices to go higher in the next few years, so don’t wait if you plan to buy.

Brentwood 90049 Home Prices & Values

Home Value Index: $2,291,200 w/ 1.1% 1-year forecast

The median Brentwood home value in 90049 is $2,291,200. 90049 home values have gone up 4.6% over the past year and experts predict they will rise 1.1% within the next year.

Pacific Palisades 90272 Home Prices & Values

Home Value Index: $2,519,700 w/ 2.2% 1-year forecast

The median Pacific Palisades home value in 90272 is $2,519,700. 90272 home values have gone up 8.6% over the past year and experts predict they will rise 2.2% within the next year.

Santa Monica 90402 Home Prices & Values

Home Value Index: $3,392,500 w/ 2.3% 1-year forecast

The median Santa Monica home value in 90402 is $3,392,500. 90402 home values have gone up 9.8% over the past year and experts predict they will rise 2.3% within the next year.

Santa Monica 90403 Home Prices & Values

Home Value Index: $1,164,100 w/ 1.8% 1-year forecast

The median Santa Monica home value in 90403 is $1,164,100. 90403 home values have gone up 11.1% over the past year and experts predict they will rise 1.8% within the next year.

Santa Monica 90404 Home Prices & Values

Home Value Index: $792,500 w/ 0.6% 1-year forecast

The median Santa Monica home value in 90404 is $792,500. 90404 home values have gone up 3.6% over the past year and experts predict they will rise 0.6% within the next year.

Santa Monica 90405 Home Prices & Values

Home Value Index: $1,496,000 w/ 3.7% 1-year forecast

The median Santa Monica home value in 90405 is $1,496,000. 90405 home values have gone up 14.5% over the past year and experts predict they will rise 3.7% within the next year.

For more information on the value of  your West LA home or West LA home prices, please contact Coldwell Banker realtor Linda Lackey for a home evaluation at (310) 429-1185.

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