Over the past four (4) quarters, our market has been slowing down but as a whole, Los Angeles County is holding steady and is still in the "Wealth Building" phase, meaning you can still make money by holding on to your property but your window on maximizing a profit is closing down so you need to keep a close eye on this.
At the end of 2019, the average appreciation rate for the county was 7.9% but please note that each zip code experienced a very different gain.
Here is a list of the best & worst appreciating zip codes
in Los Angeles County for Q4 2019:
Koreatown/Wilshire/Mid-Wilshre (90005): 31.5%
Santa Monica (90405): 23.3%
Los Angeles (90007): 22.7%
Bel Air (90077): 19.1%
Los Angeles (90037): 17.2%
Inglewood (90302): 16.5%
Inglewood (90301): 16.2%
Long Beach (90806): 15.3%
Long Beach (90813): 14.6%
E. Los Angeles (90063): 14.5%
Manhattan Beach (90266): -9.6%
W. Los Angeles (90025): -5.2%
La Canada Flintridge (91011): _4.2%
Palos Verdes Peninsula (90274): -.04%
El Segundo (90245): -0.03%
This graph displays how LA County has performed over the past 20 years. It takes into account inflation to provide a truer picture of actual appreciation. As the graph shows, the "Blue" colored line represents where LA County ended in 2019 as a whole. The "Green" shaded area of the graph is the "Wealth Building" phase of this particular market and as you can see, we are still in this phase.
Using the correct real estate strategy when buying or selling will be the key