Hottest and coldest L.A. ZIP Codes

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Good morning again. We leafed through DataQuick’s October sales report to find the hottest and coldest Zip Codes in L.A. County, comparing median sales prices from October 2006 to October 2007. Our ground rule: only Zip Codes in which 10 or more homes were sold in October qualified. A few comments below.

Hottest
Area/zip % change Oct. 07 median sales price
Beverly Hills/90210 192% $3.65 million
Beverly Hills/90212 71.8% $2.19 million
Sherman Oaks/91403 66.7% $1.27 million
Pacific Palisades/90272 41.8% $2.69 million
LA/Brentwood/90049 32.4% $2.25 million
LA/Rancho Park/90064 31.0% $1.31 million
LA/90027 30.7% $1.24 million
Palos Verdes/90274 24.8% $1.50 million
Rowland Heights/91748 22.6% $650,000
Manhattan Beach/90266 16.4% $1.66 million

Coldest
Tujunga/91042 -37.2% $386,000
Malibu/90265 -34.9% $1.59 million
Palmdale/903550 -29.9% $235,000
Downey/90240 -26.8% $504,000
Encino/91316 -25.9% $515,000
Lancaster/93534 -25.0% $224,000
Lancaster/93535 -24.1% $239,000
LA/Windsor Hills/90043 -23.9% $415,000
LA/Firestone Park/90001 -23.9% $350,000
Downey/90242 -23.0% $423,000

Commentary: Take out the two outliers -- Malibu and Rowland Heights -- and the trend is clear: Let me try that again, more clearly this time: The zip codes registering the biggest year-over-year median price gains are in expensive areas. The zip codes registering the biggest year-over-year price declines are in inexpensive areas. You can’t really tell from these numbers that there is a problem with jumbo mortgages; you can, however, see the impact of the evaporation of sub-prime mortgages.

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