Los Angeles Beach Cities Resale Activity for July 2007

For Los Angeles County, median prices of resale SFRs and condos continued to rise for the month of July, at least according to DataQuick, as reported in the Los Angeles Times.

These numbers can be unreliable due to the statistics of very small numbers (and a number of other reasons). Nevertheless, as we have nothing else to go on I will present these July charts.

The median SFR price for L.A. County, though up 6.7% YOY, is unchanged from June.

I would not pay too much attention to the El Segundo (90245) numbers. There were only 4 SFR sales in July that contributed to that spike, there was only 1 condo sale, and there were NO condo sales in July 2006. For the condo charts I retained the same price from June in order to continue building a moving average, and so I could maintain a moving YOY comparison.

Also, remember that as these are statistics for RESALES, not new construction, projects like Centex Fusion won't appear in these figures.

                          SFR   MEDIAN   %YOY    CONDO  MEDIAN   %YOY  
COMMUNITY         ZIP    SALES   SFR      CHG    SALES  CONDO    CHG
LA/Westchester    90045   37    $735     -3.9%    n/a     n/a     n/a  
El Segundo        90245    4  $1,650    126.0%     1      n/a     n/a 
Hawthorne         90250   28    $535      1.9%     1     $425     5.8%  
Hermosa Beach     90254   10  $1,255     15.6%     4   $1,092    34.8%  
Lawndale          90260    9    $463    -12.7%     3     $248   -35.6%  
Manhattan Beach   90266   29  $1,843     17.3%     7     $979   -28.7%  
Palos Verdes Pen. 90274   42  $1,421      1.6%     7     $650    -7.0%  
Rancho P.V.       90275   41  $1,240     -5.5%     7     $610    14.6%   
Redondo Beach     90277   21  $1,129     14.1%    22     $700    -4.7%   
Redondo Beach     90278   21    $685     -7.1%    22     $675    -4.3%

The Case-Shiller Index is not yet published for July.