Sunday, January 17, 2016
From today's L.A. Times: L.A.'s hottest zip codes
L.A.'s hottest zip codes. It details the areas with the greatest home price appreciation in 2015. No surprise: both the east side and the beach areas saw the greatest gains. Also no surprise: a lot of the home sale price appreciation in these areas reflect prices for smaller homes. Developers are buying these smaller homes at a premium, tearing them down and putting up much larger homes. Anyway, re the east side, Lincoln Heights and Elysian Valley (which used to be called Frog Town) saw home sale prices rise 14.6% -- and the median price there is still a relatively low $458,500. (And by the way, if you're looking for a house on the east side, I can help you.) Of course, Marina Del Rey's and Manhattan Beach's price have much higher median prices. Toluca Lake/Studio City was listed as well, with a median price appreciation of 3.2%.