Home Prices in Highland Park for November 2012

Home Prices in Highland Park for November 2012

Real estate market data for HighlandPark, Los Angeles, CA provided by Patrick Crane of Keller Williams Los Angeles.

Home Prices Highland Park 90042 November 2012

The Highland Park area is one of the most sought-after neighborhoods for home buyers right now in Los Angeles.

The number of single-family homes sold in Highland Park rose by 13% in the past 30 days versus the same time period last year. The median price of a home sold in the Highland Park area fell 6% over the same time period – this year’s median price in $391,000, while last year’s was $417,000. Average sales prices dipped 6% to $379,000 this year versus $402,000 last year. The average sales price per square foot of a Highland Park home sold in the past 30 days was $319 (higher than Silver Lake/Echo Park!); last year’s figure is $280, for an increase of 14%. Home prices have definitely risen in Highland Park this year and will, more than likely, continue to follow this trend in 2013. A severe lack of inventory and a very high number of buyers looking to purchase homes has created the mother of all supply/demand imbalances in the housing market. Most properties for sale in Highland Park are seeing multiple offers within the first week of listing.

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