What $935,000 buys you in in the city of Los Angeles
In May 2019, the median Single-family home sales price in the City of Los Angeles was at $935,000. The Median sales price is actually down from its all-time high of $1,025,000 reached this past April.
The median sales price means that half the properties sold for a price below $935,000 and a half sold above. With 629 single family homes sold in May, you can assume there are about 315 properties in the city of Los Angeles that sold below $935,000.
A quick search shows 51 single family homes on the market for a price between $925,000 & $950,000. These properties are spread across a wide swath of the city but in the hottest neighborhoods, you can only find one or two at this price point.
If you have your heart set on a single-family home on the Westside, there is one for sale in Westchester for $939,000. This Westport Heights gem has been lovingly maintained according to the listing agent and has been on the market for 7 days, act fast if you like this property because it is likely to be gone quick.
Maybe you are more a Hancock Park- Mid Wilshire kind of person. Again, there is just one house for sale in that neighborhood for $950,000. It is a small 2 bed 1 bath home that the listing agent is marketing as Great development or value-add reposition opportunity…AKA a teardown.
If you are more of a Northeast LA person, you are in luck as there are 10 listings in this price range spread over Highland Park, Eagle Rock, Glassell Park, Mt Washington & Echo Park. In Silver-Lake/Echo Park you can get a Historic 1908 Craftsman Bungalow, at the south end of Echo Park, near the freeway.
This cute traditional in Eagle Rock is on the market for $939,000 and boasts a large floor plan of over 2000 square feet.
The Valley offers a number of properties for sale between $925,000 & $950,000 and many are in the most desirable locations.
In Sherman Oaks, you can get this “stunning contemporary home nestled on a large, lushly landscaped lot” for just $949,000.
If you are willing to drive a bit farther, you can pick up a 4 bedroom 3 bath pool home in Woodland Hills for $949,000.
These are just a few of the homes currently on the market close to the Los Angeles median sales price of $935,000. Most buyers are looking in specific neighborhoods at specific price points. But If you are looking to get the most for your money, LA offers something for everyone, you just need an agent who knows LA.. and nobody knows LA like LA Andy May.