Los Angeles County saw nearly $20 billion in real estate sales in 2016
Los Angeles’ record year of real estate included more than just two $100-million sales. Last year, L.A. County saw $19.8 billion in sales volume, a 7% increase from November 2015 through November 2016, according to the Multiple Listing Service.
Despite the uptick in sales volume, the average sale price trended downward in certain high-end sectors. For home sales in the $3-million-to-$5-million range, the average price dropped about $5,000 compared with the previous year’s. The average price for home sales of $5 million or more was $8.963 million, down from $9.12 million in 2015.
For homes sold in the $1-million-to-$3-million range, the average price increased by $10,500.
Here’s a larger look at numbers, provided by the MLS:
Twitter: @NJLeitereg
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