August 29, 2025 #1 Local News, Information and Event Source for the Century City/Westwood areas.

Housing Market Increases in Price, But Also Number of Sales

The median price of a home in Los Angeles County rose by 6 percent in August, compared with the same month a year ago, while the number of homes sold jumped by 5.4 percent, a real estate information service announced today.

According to CoreLogic, the median price of a Los Angeles County home was $530,000 last month, up from $500,000 in August 2015. A total of 7,725 homes were sold in the county, up from 7,331 during the same month the previous year.

In Orange County, the median price was $649,000 last month, up 6.4 percent from $610,000 in August 2015. The number of homes sold jumped by 14.5 percent, from 3,174 in August 2015 to 3,633 last month.

A total of 23,278 new and resale houses and condos changed hands in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month, according to CoreLogic. That was up 8 percent from 21,557 in July and up 9.5 percent from 21,263 in August 2015.

The median price of a Southern California home was $465,000 in August, the same as July but up 6.2 percent from $438,000 in August 2015.

“Last month’s Southern California home sales came in strong — the highest for an August in a decade,” said Andrew LePage, a research analyst for CoreLogic. “Job growth, low interest rates, household formation and other factors helped drive up activity. It’s very likely that August 2016 sales also got a boost from timing. This July had five weekends and fewer business days than usual, probably resulting in a significant number of transactions being recorded in August rather than July.

“The big picture is that the housing market continues to edge back toward normalcy in the wake of the worst housing bust in modern history,” he said.

 

sb10068702b-001

Related Posts

Toxic Avenger Reboot Aims to Smash Box Office and Medical Debt on Labor Day Weekend

August 29, 2025

August 29, 2025

Film’s Release Comes With a Promise to Erase Millions in Medical Bills The upcoming release of The Toxic Avenger will...

Trump Says Beverly Hills Residents Leave Cars Open for Thieves, Locals Call It Nonsense

August 28, 2025

August 28, 2025

Officials and Residents Say Trump’s Crime Remarks Don’t Reflect Reality City officials and residents pushed back this week after former...

Beverly Hills Schools Halt Israeli Flag Display Despite School Board Vote

August 28, 2025

August 28, 2025

Superintendent Cites Safety Concerns After Narrow 3–2 Decision Despite a 3–2 Board of Education vote to display the Israeli flag...

Los Angeles County Public Health Probe Sparks Nationwide Egg Recall Over Salmonella

August 28, 2025

August 28, 2025

More Than 95 Cases Tied to Country Eggs in 14 States; Do Not Eat Affected Cartons Los Angeles Public health...

(Video) The Opening of Mr. Charlie’s with Santa Monica Mayor Lana Negrete

August 28, 2025

August 28, 2025

Vegan burger restaurant with brightly colored decor now open on 26th street across fromthe Brentwood Country Mart. The Opening of...

California Pizza Kitchen Debuts Heart-Shaped Pizza Celebrating Swift–Kelce

August 28, 2025

August 28, 2025

13 Days of Engagement Pizzas, and Return of Hot Honey Flavors California Pizza Kitchen is rolling out a series of...

Culver Hotel Celebrates 101 Years With 101 Anniversary Menu and Live Music

August 28, 2025

August 28, 2025

Guests Can Enjoy a Four-Course Meal, Nightly Performances, Trivia Contest The historic Culver Hotel is celebrating its 101st anniversary this...

Westside Chefs Shine at the Manhattan Beach Food & Wine Festival in September

August 27, 2025

August 27, 2025

South Bay’s Culinary Festival Returns With Two Nights of Food, Wine, and Music Santa Monica, Westchester, Los Angeles, and West...

(Video) Come Tour The Willows Community School!

August 27, 2025

August 27, 2025

Sign up for a tour at The Willows and come see what makes our school such a vibrant, inspiring place...

Jewish Clergy Rally in Los Angeles Urging Ceasefire, Hostage Release, and Food Aid for Gaza

August 27, 2025

August 27, 2025

Two Dozen Rabbis Gathered at Israeli Consulate, Hostage’s Family Appears at Second Rally Jewish clergy from across Los Angeles County...

Metro LA’s Aug. 30 Deadline for Public Comment on Sepulveda Transit Draft EIR Approaches

August 27, 2025

August 27, 2025

Community Members Can Weigh In Before the 90-Day Comment Period Closes. Metro is reminding community members that the 90-day public...

Beverly Hills, Brentwood, Culver City, and Uni High Gear Up for Early-Season Games

August 26, 2025

August 26, 2025

The Centaurs, Eagles, Normans, and Wildcats Face Key Matchups This Week Football season is heating up across our area, with...

I-405 to See Lane Reductions, Ramp Closures as Pavement Rehab Project Continues

August 26, 2025

August 26, 2025

Drivers Should Expect Delays With Overnight Work Aug. 26–28, Sept. 5 Motorists using Interstate 405 through the Sepulveda Pass should...

Kobe Day Tribute: Lakers Welcome UCLA Newborns With Purple-and-Gold Gifts

August 26, 2025

August 26, 2025

Babies Received Adorable Care Packages in Celebration of “Kobe Day.” Families welcoming newborns at UCLA Santa Monica Medical Center and...

Suspect Arrested After Eight-Hour SWAT Standoff in Jefferson Park Shooting

August 26, 2025

August 26, 2025

 Police Say a Man Was Killed and a Suspect Barricaded Himself Inside a Home Hours after a fatal shooting near...