As the 21st century begins to get traction, and we roll into 2015, Los Angeles real estate continues to improve. As of March15th the average price per square foot of Los Angeles real estate was $499, which was an increase of 15.8% compared to the same period in 2014.
The medium price for homes in Los Angeles for the period December 14th to March 15th was $570,000. This was based on sales of 1,744 homes. This was an increase of 12.6% or $64,000, though the number of home sales decreased 6.3%.
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