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Housing Prices Los Angeles

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BUSINESS
February 25, 1997 | JILL LEOVY, SPECIAL TO THE TIMES
Realtors were "surprised and disappointed" by a sharp dip in San Fernando Valley real estate sales in January, said Mel Wilson, president of the San Fernando Valley Assn. of Realtors. The 20% drop in the number of single-family homes sold in the first month of 1997 was accompanied by a 13% drop in median prices, reflecting the slowest January in three years. January is always a slow month for home sales.
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CALIFORNIA | LOCAL
September 14, 1999 | KARIMA A. HAYNES, TIMES STAFF WRITER
San Fernando Valley home values dipped nearly 3% from July to August, a drop industry analysts blamed on a traditional summer slowdown. Even so, Santa Clarita Valley home prices rose 7.5% last month. The median price for San Fernando Valley resale homes that closed escrow last month was $212,000, down from $218,000 in July, according to figures released Monday by the Southland Regional Assn. of Realtors. Condominium values in the San Fernando Valley dropped 3.
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BUSINESS
March 18, 1997 | JILL LEOVY, SPECIAL TO THE TIMES
Home resales edged up slightly in the San Fernando Valley in February, but despite shrinking inventories, both median and average prices fell. "That's the biggest surprise--that prices aren't going up," said Mel Wilson, president of the San Fernando Valley Board of Realtors. "Normally when inventories dwindle, prices firm up." Wilson suggested that foreclosures continue to drag down prices. A total of 659 single-family homes closed escrow in February, up 5% from 626 in February last year.
NEWS
November 1, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
Bob Blinick and Judy Parks explored the idea of selling their Santa Monica house in 1995 but discovered an anemic real estate market and depressed property values. They decided to stay put. This summer, however, Blinick and Parks found a far different market when they put their four-bedroom home up for sale at $599,000. The house sold within five days at $21,000 more than the asking price, after a bidding battle in which several rival buyers submitted all-cash proposals.
NEWS
November 1, 1997 | JESUS SANCHEZ, TIMES STAFF WRITER
Bob Blinick and Judy Parks explored the idea of selling their Santa Monica house in 1995 but discovered an anemic real estate market and depressed property values. They decided to stay put. This summer, however, Blinick and Parks found a far different market when they put their four-bedroom home up for sale at $599,000. The house sold within five days at $21,000 more than the asking price, after a bidding battle in which several rival buyers submitted all-cash proposals.
CALIFORNIA | LOCAL
September 14, 1999 | KARIMA A. HAYNES, TIMES STAFF WRITER
San Fernando Valley home values dipped nearly 3% from July to August, a drop industry analysts blamed on a traditional summer slowdown. Even so, Santa Clarita Valley home prices rose 7.5% last month. The median price for San Fernando Valley resale homes that closed escrow last month was $212,000, down from $218,000 in July, according to figures released Monday by the Southland Regional Assn. of Realtors. Condominium values in the San Fernando Valley dropped 3.
BUSINESS
November 10, 1989 | From Times Wire Services
Housing prices in Los Angeles moved up slightly during October, and the pace of home sales picked up from the previous month, the Los Angeles Board of Realtors reported today. The upturn almost wiped out the sharp drop in prices and home sales during September. However, the inventory of homes for sale remains unusually high, reflecting a cautious attitude among would-be home buyers, said J. Blair Pence II, president of the board. The median price was $469,000, up about 2% from September.
CALIFORNIA | LOCAL
June 10, 1990 | STAN OFTELIE, Stan Oftelie is executive director of the Orange County Transportation Commission.
The voice on the telephone line from Sacramento sounded ominous. "You Orange County guys are dead meat," he said. "Why should we help you if you won't help yourself?" I cranked up the charm. I talked about the great things going on in Orange County transportation. Developer fees are building new corridors. Moves toward unifying transportation agencies seem to be successful. We're creative. We're innovative.
CALIFORNIA | LOCAL
June 22, 2008 | Catherine Saillant, Times Staff Writer
Jerry Worthy is as much a product of this city as the oil pulled from its ground. He was born here 44 years ago. He attended its schools. Now an accountant, he owns a home in one of its newer subdivisions with his longtime partner, Gilbert Reyna, 46. Both men say that despite the city's image as a bastion of intolerance, revived most recently by the Kern County clerk's refusal to perform same-sex marriages, for the most part they are left alone. "We're just really boring," Worthy said.
BUSINESS
September 14, 2000 | DARYL STRICKLAND, TIMES STAFF WRITER
Housing prices in Los Angeles and Orange counties climbed to record highs in August, capping a strong summer that analysts said bodes well for the coming months. Boosted by robust sales of new homes, the median price of homes sold in Los Angeles County rose by more than 7% last month to $205,000. That surpassed the previous high of $203,000 in May 1989 and matched this past June.
BUSINESS
March 18, 1997 | JILL LEOVY, SPECIAL TO THE TIMES
Home resales edged up slightly in the San Fernando Valley in February, but despite shrinking inventories, both median and average prices fell. "That's the biggest surprise--that prices aren't going up," said Mel Wilson, president of the San Fernando Valley Board of Realtors. "Normally when inventories dwindle, prices firm up." Wilson suggested that foreclosures continue to drag down prices. A total of 659 single-family homes closed escrow in February, up 5% from 626 in February last year.
BUSINESS
February 25, 1997 | JILL LEOVY, SPECIAL TO THE TIMES
Realtors were "surprised and disappointed" by a sharp dip in San Fernando Valley real estate sales in January, said Mel Wilson, president of the San Fernando Valley Assn. of Realtors. The 20% drop in the number of single-family homes sold in the first month of 1997 was accompanied by a 13% drop in median prices, reflecting the slowest January in three years. January is always a slow month for home sales.
NEWS
February 5, 1988 | MICHAEL FLAGG, Times Staff Writer
With a median price of $175,000, Orange County may have the most expensive homes in the country. In a survey of 25 metropolitan areas nationwide--including most of the biggest--the U.S. League of Savings Institutions found the county's median home price last year leading the pack. The median price for all large urban areas was $128,000. The high cost of homes in Orange County reflects a diminishing supply of undeveloped land and strong demand for housing.
BUSINESS
August 4, 1993 | DAVID W. MYERS, TIMES STAFF WRITER
Housing prices in Los Angeles and Orange Counties have fallen further during the last year than in any other part of the nation, according to a survey released Tuesday by the National Assn. of Realtors. The survey, which covered 132 metropolitan housing markets nationwide, found that the median resale price of a single-family home in the Anaheim-Santa Ana area fell to $219,900 in the second quarter--down 7.6% from $238,000 a year ago.
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