June 23, 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

Recent Homebuyer Down Payments Slip for First Time in Nearly Two Years

June 23, 2025

June 23, 2025

April’s Median Down Payment Fell as Buyers Lean Toward Lower-Cost Homes The median down payment made by U.S. homebuyers dropped...

Del Rey Affordable Housing Project to Rise on Former Charter School Site

June 23, 2025

June 23, 2025

Community Corp., Local Faith Group Team Up to Build 122 New Apartments Plans are moving forward for a new residential...

Paris Hilton Buys Mark Wahlberg’s Beverly Park Mansion for $63.1M

June 22, 2025

June 22, 2025

The Heiress and Media Mogul Joins a Star-Studded Neighborhood Paris Hilton and husband Carter Reum have purchased a high-profile estate...

A.O.C. Brentwood to Close After 16 Years on San Vicente Boulevard

June 22, 2025

June 22, 2025

Chef Goin and Styne Cite Unsustainably High Rent in Decision to Close  A.O.C. Brentwood, the acclaimed Westside outpost from James...

Weekend Lane Closures on PCH in Malibu Could Snarl Summer Beach Traffic

June 21, 2025

June 21, 2025

Army Corps Work Triggers Weekend Closure on Pacific Coast Highway Motorists traveling along Pacific Coast Highway this weekend should prepare...

LA City Councilwomen Yaroslavsky and Jurado Call for Legal Action Against Federal Immigration Raids

June 20, 2025

June 20, 2025

City Motion Targets Alleged Unconstitutional Tactics, End Qualified Immunity for Fed Officers  City Councilmembers Katy Yaroslavsky and Ysabel Jurado introduced...

All Aboard to LAX: Metro Opens Game-Changing Transit Hub Ahead of Global Events

June 20, 2025

June 20, 2025

 New LAX/Metro Transit Center Comes Closer to Connecting Metro Directly to LAX The Los Angeles County Metropolitan Transportation Authority (Metro)...

Princess Diana’s Largest Wardrobe Auction Set for Beverly Hills

June 20, 2025

June 20, 2025

Over 200 Royal Garments to Hit the Auction Block for Charity More than 200 garments and royal artifacts, including the...

Queer Beauty Through the Ages: Getty Hosts Lecture on Greek Art’s Influence on LGBTQ Aesthetics

June 20, 2025

June 20, 2025

Art Historian to Trace Homoerotic Imagery From Ancient Greece to Modern Queer Identity As part of its ongoing Pride Month...

Food Fight on the Venice Boardwalk: Chefs Stand Up for Immigrants with Food

June 20, 2025

June 20, 2025

Turk’s Pizza Party Rallies Top Local Eateries for an Immigrant Rights Fundraiser In a bold display of culinary activism, Turk’s...

Navy Vietnam Vet Finally Gets His UCLA Commencement Moment

June 20, 2025

June 20, 2025

John Fong, 80, Missed His Graduation in 1968 While in Vietnam  Nearly six decades after completing his studies, U.S. Navy...

Films, Flair, and Panoramas: Free Cultural Events Light Up The Ebell This Week

June 20, 2025

June 20, 2025

The Ebell Theatre Hosts a Double Feature of Films, Plus a Coffee Talk A pair of free public events this...

Robeks Opens in Westwood with Free Smoothies and 15% Off Bowls & Toasts

June 19, 2025

June 19, 2025

New Location Celebrates Grand Opening on June 21 With Daylong Giveaways Robeks is launching its newest storefront in Westwood with...

9th Circuit Court Backs Trump in Battle Over California National Guard Control

June 19, 2025

June 19, 2025

Federal Judges Allow Trump to Retain Command of Troops in Los Angeles Federal judges on Thursday cleared the way for...

Nightly I-405 Lane Closures Begin June 23 for Sepulveda Pass Rehab

June 19, 2025

June 19, 2025

Caltrans Will Shut Down Select Lanes Nightly Through June 28 The California Department of Transportation (Caltrans) has announced overnight lane...