Sherman Oaks, your slip is showing

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By my reckoning, one of the most-discussed topics on this blog is whether, and when, and by how much, steep price declines will eventually come to the more expensive areas of Los Angeles. With that in mind, I sifted through last week’s MDA DataQuick report on home sales in July, concentrating on expensive -- but not wildly expensive -- ZIP codes. Here’s a quick rundown of ZIP codes where median prices are between $600,000 and $1 million, and 20 or more single-family homes sold in July.

If you don’t see your favorite ZIP code here, it’s because it didn’t meet the criteria above, but you can check MDA DataQuick home sales trends in any SoCal ZIP using this handy widget.

Slipping
Area/ZIP # homes sold median price % change from ’07
Sherman Oaks/91423 22 $750,000 -34.8%
West Hollywood/90046 25 $940,000 -28.4%
Stevenson Ranch/91381 29 $650,000 -23.5%
Northridge/91326 20 $625,000 -18.8%
La Crescenta/91214 27 $619,000 -15.3%
Agoura Hills/91301 21 $870,000 -12.5%
Arcadia/91006 31 $698,000 -11.6%
Torrance/90503 20 $693,000 -10.6%

Holding On
L.A./Mar Vista/90066 26 $810,000 -8.7%
Pasadena/91104 29 $621,000 -6.5%
L.A./Westchester/90045 20 $693,000 -5.8%
Woodland Hills/91364 25 $726,000 -3.2%

Rising
Redondo Beach/90278 21 $755,000 +4.6%
Arcadia/91007 26 $930,000 +3.6%

-- Peter Viles
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Photo Credit: Street scene in Sherman Oaks, via L.A. Times