Los Angeles County home prices and sales continue to decline. The median price of a Los Angeles County home fell in October to $339,910, down 2.6% from September's price of $349,040. However, Arcadia led all California cities with a 40% jump from last year's median price. Currently the median home price in Arcadia is $856,000. Other San Gabriel Valley area median home prices are given.
Los Angeles County's median home price and sales dropped last month, a trend that was reflected statewide. Some San Gabriel Valley areas, such as Walnut, posted gains in June, but some cities, such as Duarte, Diamond Bar, and Arcadia, showed declines in their median home prices. Arcadia's median home price fell 5.8%.
Los Angeles County home sales dropped 8.6% last month from a year earlier. Arcadia, however, shows a 4.1% increase in median home price, from a year ago December. Arcadia's median home price was $692,000 last month. Figures for California state, Los Angeles and other San Gabriel Valley cities are shown.
California's median home price posted its biggest annual gain in more than 5 years last month, rising 20.8% to $301,790, as reported by California Association of Realtors. Arcadia has the second-largest increase in the state with its median home price jumping 40.2% in March to $726,136 compared to $518,000 a year earlier.
Fueld by rising prices in Arcadia, Pomona, Pico Ribera and most beach cities, the Los Angeles metropolitan area bucked a national trend this year, as it saw a 3.3% year-over-year gain in home prices, according to a report by Standard & Poor's and Case-Shiller. Arcadia saw a 39.6% increase in home prices this year.
Los Angeles County home sales rise slightly in November. Locally, 13 San Gabriel Valley cities saw their median home prices decline in November, while 11 communities posted increases. Arcadia ranked among the 10 California cities with the highest median home prices in November, according to the California Association of Realtors (CAR).
Property values in the West San Gabriel Valley (Pasadena and surrounding areas) continue to climb, fueled by high home prices and relatively low unemployment, despite a down economy, according to a year's worth of data released by the Los Angeles County Tax Assessor. Arcadia's combined property value rose 4.4%, more than any city in the county. The strong resale value of luxury homes and the increased demand for new construction are the main factors that led to Arcadia's growth. Jeanne Keating, a realtor and president of the Arcadia Association of Realtors, says Arcadia's great schools, availability of luxury homes, a solid city government, and a stable community, all factor into Arcadia's $713,500 median home price.
Santa Anita Park honors longtime Los Angeles Dodgers and San Francisco Giants scout George Genovese today by naming the 10th and final race "Happy 90th George Genovese."
Gold Line stations planning parking charges. Metro official says parking fee pricing structure at Duarte and Arcadia stations will reduce crowds in lots. Starting June 3, Metro will charge $3 a day or $59 a month to park at Duarte and Arcadia station lots.
Brandywine to build seventeen 3-story townhomes in Arcadia. This development brings more affordable options to Arcadia, at 136 Las Tunas Drive. Prices are expected to range from high $600,000s to high $900,000s.