Number of New Homes Sold in L.A. County County Declines 7% in First Nine Months
More than 4,200 new homes were sold in Los Angeles County in the first nine months of this year--7% fewer than the same period last year. The average size of a mortgage for purchase of a new home was $159,203 compared to $163,455 a year ago.
Los Angeles County New Homes Sales (Jan-Sept., 1993)
City Homes Average Sold Loan Size Palmdale 771 130,646 Lancaster 629 116,387 Los Angeles 367 157,868 Canyon Country 174 150,756 Long Beach 147 140,019 Glendale 135 204,698 Newhall 134 154,161 West Covina 109 170,262 Valencia 106 239,752 Santa Monica 102 160,327 Van Nuys 82 136,935 Castaic 81 177,846 La Mirada 78 230,375 Torrance 48 177,591 Paramount 46 117,869 Lakewood 44 244,705 Pomona 41 137,854 La Puente 39 241,653 Northridge 39 248,214 North Hills 37 163,071 El Monte 37 153,199 Pasadena 35 146,510 Redondo Beach 35 277,619 Stevenson Ranch 34 231,241 West Hollywood 33 106,642 Covina 33 208,658 Carson 32 212,826 Calabasas 32 294,666 Walnut 32 274,878 Sylmar 30 142,818 Azusa 30 158,534 Inglewood 27 127,971 Whittier 26 158,175 Diamond Bar 25 116,218 Temple City 25 189,094 Arcadia 25 199,196 Duarte 24 143,321 Alhambra 23 133,319 North Hollywood 23 160,750 La Habra 23 278,167 Baldwin Park 21 129,631 Santa Clarita 21 207,228 Canoga Park 21 187,507 Bellflower 18 151,880 Culver City 18 220,169 Monrovia 17 148,092 Woodland Hills 16 127,713 Burbank 15 148,050 Pacoima 14 106,223 Rosemead 13 193,481 Granada Hills 13 314,485 Studio City 12 225,611 San Pedro 12 160,877 Chatsworth 11 135,777 Glendora 11 144,501 Littlerock 11 118,148 Downey 10 137,263 Other Cities 219 183,278 Los Angeles County 4,266 159,203
Source: TRW REDI Property Data.
