Advertisement
YOU ARE HERE: LAT HomeCollections

NEWS BRIEFS

Home Prices Up 63%

April 02, 1989| From Times staff reports

The average price of a single-family home in Playa del Rey rose 63% in 1988 to $603,000, the sharpest percentage of increase for any Westside community, according to sales reported through multiple listing services.

In at least 10 Westside areas, the price jumped more than $100,000, and in several other communities, it leaped more than $200,000.

The average sale price of single-family homes in Beverly Hills and Bel-Air topped $1 million, and Brentwood is expected to join the list next year, with Malibu and Pacific Palisades following.

Industry experts attribute the buying frenzy to an imbalance between supply and demand

Advertisement
Los Angeles Times Articles
|
|
|