In some areas of Los Angeles have cheaper housing

In some areas of Los Angeles have cheaper housing

Real estate prices in Los Angeles are steadily creeping up — last year alone they rose by 7%. Despite the General trend, changes in the cost of housing in different neighborhood of the city is heterogeneous: there are places where houses and apartments are cheaper. Such encouraging conclusions can be drawn, if we analyze recent MLS data portal.

Plan to acquire their own roof over my head? Don’t forget to take into account the fluctuation of prices is possible, so you will be able to save a tidy sum.

In some areas of Los Angeles have cheaper housing

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According to MLS, over the last 12 months the cost of real estate has declined significantly in CULVER city (8% ), Lincoln heights (7%), Topanga (6%), and Wilshire/Hancock Park (5%). If we consider the situation in the district, most cheaper housing in Malibu (17%). However, the amount is still astronomical, averaging $7 300 000 for the house.

In Playa del Rey and BHPO opposite is true — housing here rose by almost half (46% and 40%).

Apartments

The leader in lower prices — again Malibu (14%). In second place in the ranking settled in the Hollywood hills (10%), followed by Ladera heights (5%), Echo Park and silver lake (3%).

As for Topanga and East Los Angeles, the cost of apartments for the year jumped by 174% and 98%, respectively.

 

 

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