Housing market report for August 2022: Southern California

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Home prices in Los Angeles were down 1% from the previous month in August 2022. The average home sold for $1,661,500. Homes were $892 per square foot. On average, homes were on the market in LA for 17 days, up from 13 days the previous month. The average days on market for a home in Southern California was up across the region except in Orange County.

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Home prices


West LA:

$1,850,000

$1,661,500

89%


San Gabriel Valley:

$1,049,000

$960,000

91%


San Diego:

$1,299,000

$1,230,000

94%


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Inventory


West LA:

133

96


San Gabriel Valley:

377

228


San Diego:

494

424


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West LA days on market: 17

San Gabriel Valley days on market: 18

San Diego days on market: 22

Our research team analyzed the competition in select local areas.


Westside LA data is for Culver City, Santa Monica, Century City, Sawtelle, and Redondo Beach.

San Gabriel Valley data is for Pasadena, Arcadia, La Verne, Rowland Heights, Diamond Bar, West Covina, and Hacienda Heights.

San Diego data is for postal codes 92130, 92131, 92129, 92128, 92064, 92127, 92009, 92010 92120, 92024, 92117, 92122, 92126, 92121, 92104, 92101.


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