Los Angeles Beach Cities Resale Activity for August 2007

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

Numbers for individual zip codes broken out into housing type (SFR or condo) 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 August charts. DataQuick, and HomeData from the L.A. Business Journal, are my least favorite sources of information for house price numbers.

With relatively few sales of a particular type of property in a particular zip code, it's not unusual to see weird spikes in the data for a given month. That's why I try to smooth things out with moving averages.

                          SFR   MEDIAN   %YOY    CONDO  MEDIAN   %YOY  
COMMUNITY         ZIP    SALES   SFR      CHG    SALES  CONDO    CHG
LA/Westchester    90045   32    $749     -6.2%     1     $355    -7.8%  
El Segundo        90245    9    $923      1.7%     2     $619     1.4% 
Hawthorne         90250   24    $523     -6.7%     1     $479     7.6%  
Hermosa Beach     90254   12  $1,210     -0.6%     9   $1,170    27.9%  
Lawndale          90260    9    $550      4.8%     4     $448    29.5%  
Manhattan Beach   90266   39  $1,695     -8.4%     6   $1,720    11.5%  
Palos Verdes Pen. 90274   41  $1,401    -11.1%    n/a     n/a      n/a  
Rancho P.V.       90275   50  $1,170     -3.9%     7     $785    31.8%   
Redondo Beach     90277   19  $1,110     -2.0%    19     $800    32.0%   
Redondo Beach     90278   31    $795      3.9%    25     $695     6.9%