Friday, November 12, 2004

Los Angeles County home prices slightly higher

According to an LA Times real estate article, the median home price in Los Angeles County edged slightly higher in October to $409,000 - the second-highest median price in L.A. County in nearly 17 years, according to DataQuick Information Systems.

"Most of the models we're seeing still show high demand," said DataQuick. "There are still more buyers out there than sellers."

In the condo market, the median rose 23% to $330,000, while sales fell 21%. New homes rose 15% to a median $464,500, while sales fell 33%, DataQuick said.

Click here for the complete article.

Click here for a Los Angeles mortgage broker.

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