- Beverly Hills claimed the three most costly neighborhoods in L.A. County
- Malibu was dwelling to 4 of the ten priciest neighborhoods
- Bel Air was most costly Los Angeles neighborhood, adopted by Pacific Palisades
- Santa Monica’s most unique space remained North of Montana
- Medians rose in 42 of the priciest L.A. County neighborhoods
- Median in Malibu’s La Costa surged 143% year-over-year
- Solely three neighborhoods closed extra offers in 2022 than the earlier 12 months
- Gross sales decreased by as a lot as 38% in 47 of the county’s priciest neighborhoods
As has been the case throughout the nation, L.A. County additionally noticed gross sales decline after the shopping for frenzy of earlier years. In truth, among the many county’s high municipalities, gross sales declined by at the least 23% (Pasadena) and as a lot as 37% (Manhattan Seashore). Nonetheless, from a pricing perspective, costs continued to climb, which was additionally evidenced by the truth that L.A. County contained the highest concentration of expensive zip codes in the U.S. with 21 of the nation’s 100 priciest zips.
Furthermore, of the ten municipalities that ranked neighborhoods among the many county’s most costly, eight areas noticed costs improve. In fact, features had been extra modest in comparison with earlier years, besides, medians gained at the least 3% (Manhattan Seashore) with Glendale topping out at a 14% year-over-year (Y-o-Y) appreciation.
Discover the interactive map beneath for at-a-glance value and gross sales insights into the 50 most costly L.A. County neighborhoods in 2022:
In the meantime, on the neighborhood stage, adjustments had been extra dramatic: One Culver City space’s transactional exercise was halved, whereas a Malibu neighborhood’s median sale value surged 143% over 2021 figures. As a matter of truth, costs had been on the rise in 42 of L.A. County’s high 50 most costly neighborhoods (which really includes 51 neighborhoods on account of one tie in median sale costs). On account of this sustained value development, by the top of 2022, two L.A. County neighborhoods posted eight-figure medians.
For the complete record of L.A. County’s 50 most costly neighborhoods as properly pricing and gross sales insights, discover the desk on the backside of the web page.
Prime 10 Most Costly Neighborhoods in L.A. County: 2 Beverly Hills Areas Lead with $10M+ Medians
The county’s 10 most costly neighborhoods had been in 4 cities: Beverly Hills, Malibu, Los Angeles and Santa Monica — all areas anticipated to be among the many area’s most unique. And, though other areas of the country additionally boast ample expensive actual property, nothing fairly compares to L.A. County’s sky-high medians. Extra exactly, its 10 most costly neighborhoods had medians beginning at $3,905,000 and topping out at a dizzying $13.25 million.
1. Beverly Hills Gateway, Beverly Hills
Median dwelling sale value in 2022: $13,250,000
Properly-established as some of the unique neighborhoods within the LA space, Beverly Hills Gateway turned the #1 most costly L.A. County neighborhood in 2022 after a 22% Y-o-Y value improve changing Malibu Highway. That stated, Beverly Hills Gateway’s rise was additionally on account of Malibu Highway’s practically $2 million median lower from 2021’s spectacular $12.3 million, in addition to the truth that the latter closed solely eight gross sales final 12 months. Consequently, Malibu Road missed our 15-sale minimal threshold for calculating correct value metrics for every neighborhood — a restrict set to supply an correct image that’s not influenced by atypical transactions.
2. Trousdale, Beverly Hills
Median dwelling sale value in 2022: $12,200,000
Identical to Beverly Hills Gateway, Trousdale additionally inched up one place from 2021. On this case, the promotion was on account of a 22% value improve, which lifted its median by $2.2 million in only one 12 months. It’s additionally value noting that, back in 2018 , Trousdale was the third-most costly space in L.A. County with an $8.54 million median — a far cry from its present figures.
3. Beverly Hills Flats, Beverly Hills
Median dwelling sale value in 2022: $9,474,000
Value developments remained pretty regular in Beverly Hills Flats, inching up 3% Y-o-Y ($274,000). However, simply 5 years in the past, this unique neighborhood was the county’s fourth priciest with a median that was $2 million decrease.
4. La Costa, Malibu
Median dwelling sale value in 2022: $9,000,000
Rating because the #10-most costly neighborhood in L.A. County, La Costa shortly climbed the rankings as its median sale value surged 143% Y-o-Y. This was, by far, the sharpest improve in pricing among the many county’s 50 most unique neighborhoods, lifting La Costa from its 2021 median of $3.7 million.
5. Broad Beach, Malibu
Median dwelling sale value in 2022: $8,073,000
Broad Seashore additionally skilled a pointy value improve with its median rising 49% Y-o-Y for a $2.65 million achieve. That marked the third-sharpest value improve among the many county’s main neighborhoods, whereas the variety of gross sales was halved.
6. Point Dume, Malibu
Median dwelling sale value in 2022: $7,000,000
Shedding one place in comparison with 2021 as a result of verticality of value features in La Costa and Broad Seashore, Level Dume nonetheless logged a 15% value improve. That lifted its median by greater than $900,000. Notably, Level Dume’s median got here in 37% larger than North of Montana, the next-priciest L.A. County neighborhood.
7. North of Montana, Santa Monica
Median dwelling sale value in 2022: $4,378,000
Santa Monica’s sole presence within the high 10, North of Montana’s median rose $350,000 Y-o-Y, lifting it from 2021’s #9 place. Santa Monica positioned one different neighborhood among the many 50 richest neighborhoods in L.A. County with Sundown Park touchdown at #38. Sunset Park was additionally one of many eight neighborhoods on our record the place medians ticked down — though simply 1% for a mere $22,000 lower.
8. Bel Air, Los Angeles
Median dwelling sale value in 2022: $4,173,000
Eponymous with the life-style of the wealthy and well-known, Bel Air ranked as the most costly neighborhood within the City of Los Angeles. Particularly, Bel Air’s median sale value grew 24% Y-o-Y, lifting it from 2021’s #13 spot. What’s extra, Bel Air was additionally one in all 17 Los Angeles neighborhoods within the high 50, for the best focus of expensive neighborhoods in a single metropolis, as anticipated.
9. Big Rock Mesa, Malibu
Median dwelling sale value in 2022: $4,000,000
Massive Rock Mesa solidified Malibu’s dominance over L.A. County’s 10 most costly neighborhoods because the famed seaside metropolis claimed 4 spots. Malibu was additionally represented by two different entries — Latigo Canyon at #11 with a $3.9 million median and Topanga Beach at #13 with a median sale value of $3,275,000.
10. Pacific Palisades, Los Angeles
Median dwelling sale value in 2022: $3,905,000
The second entry from the Metropolis of Los Angeles among the many 10 richest L.A. County neighborhoods, Pacific Palisades additionally had probably the most energetic gross sales market, closing 393 offers in 2022. Nonetheless, that determine additionally represented a major slowdown in transactional exercise on this neighborhood, which closed 201 fewer gross sales than the earlier 12 months.
Costs Rose in 42 of L.A. County’s Most Unique Neighborhoods, Whereas Gross sales Elevated in Simply 3
Of the 51 neighborhoods on our record (the results of one tie in pricing), 42 neighborhoods logged value features. Of those, 30 had been double-digit will increase, with Malibu’s La Costa marking a whopping 143% bounce.
In the meantime, Windsor Square in Los Angeles claimed the second-sharpest value improve at 54% Y-o-Y, which lifted its median sale value from $2.37 million to $3.66 million. It was adopted by the 49% value development in Malibu’s Broad Seashore. Notably, gross sales in each neighborhoods had been halved and tied for the second-sharpest drop in transactional exercise in our rating.
Subsequent, Malibu’s Latigo Canyon marked the fourth-sharpest value improve at 39%. This lifted its median sale value by $1.1 million to achieve $3.9 million and tie with Sand Section in Manhattan Seashore, each of which missed the highest 10 by simply $5,000. And, whereas Sand Part didn’t stand out when it comes to value development, its 49% lower in gross sales tied with Alizia Canyon in Calabasas for the third-sharpest drop in gross sales.
On the similar time, Culver Metropolis’s Lucerne-Higuera space logged the fifth-highest median sale value improve at 35% for a $558,000 achieve. However, with 53% fewer dwelling gross sales, this neighborhood had the sharpest drop in gross sales exercise amongst L.A. County’s most costly neighborhoods.
On the different finish of pricing developments stood eight neighborhoods with Pasadena’s Oak Knoll within the lead: Its median sale value dropped 37% or $1.21 million Y-o-Y to shut 2022 at $2,025,000. Manhattan Seashore was dwelling to the subsequent two sharpest drops in pricing: The Hill Section space’s median decreased 22% or $905,000, whereas the Mira Costa neighborhood slid 14%, stabilizing at $2,325,000.
Equally, the $1,625,000 median sale value of Peninsula in Lengthy Seashore was the results of an 8% value depreciation. Moreover, it was coupled with a 46% slowdown in gross sales exercise — the fifth sharpest among the many county’s 50 richest neighborhoods. Peninsula was adopted by Greater Calabasas Park (-5%), in addition to La Cienaga in Beverly Hills and L.A.’s Hancock Park, each of which had been down 4% Y-o-Y.
Conversely, gross sales accelerated in simply three neighborhoods, with Pasadena’s Linda Vista closing 9% extra gross sales, Glendale’s Greenbriar up 7% and Outdated City Pasadena’s gross sales ticking up 3%. And, El Porto in Manhattan Seashore logged 23 offers, remaining flat year-over-year.
Calabasas, Culver Metropolis, Glendale, Lengthy Seashore, Manhattan Seashore and Pasadena Contribute 21 of L.A. County’s Priciest Neighborhoods
As for the six different municipalities to contribute neighborhoods to the highest 50 however didn’t handle to rank among the many 10 most costly, they nonetheless reached spectacular medians in 2022. For instance, Manhattan Seashore, simply missed the highest 10 with the Sand Part space, with its $3.9 million median a mere $5,000 shy of creating the record. It was one in all six Manhattan Beach neighborhoods to rank amongst L.A. County’s most costly, together with two of the eight neighborhoods the place medians declined: Hill Part and Mira Costa.
The priciest neighborhood in Calabasas was Alizia Canyon at $2.8 million, up $400,000 over 2021 figures. It was additionally one of many cities to endure some of the noticeable slowdowns in gross sales exercise amongst L.A. County’s richest neighborhoods. It was joined by Monte Nido at $2.6 million, Higher Calabasas Park at $2.02 million and the Greater Mulwood – North Mulholland space at $1.68 million.
Pasadena was equally represented by 4 neighborhoods, with Linda Vista its most costly at a $2,575,000 median sale value. Linda Vista, together with Old Town Pasadena ($1,585,000) had been two of the three neighborhoods amongst L.A. County’s most costly the place gross sales accelerated in 2022 in comparison with 2021. Pasadena additionally ranked with Lower Arroyo Seco ($1,625,000) and Oak Knoll. The latter was one in all only a handful of the county’s most unique neighborhoods the place costs declined, with its 37% year-over-year lower the sharpest.
One other L.A. County metropolis with 4 entries was Culver Metropolis, with its most costly space, Park East, the #23 priciest within the county at $2,173,000. It was joined by the $1,597,000 Blanco – Culver Crest space, as properly the Lucerne – Higuera and Park West, which noticed among the quickest declines in transactional exercise among the many 50 most costly L.A. County neighborhoods.
Glendale and Lengthy Seashore rounded out our rating with one and two entries, respectively. Glendale’s Greenbriar landed at #23 with a $2,235,000 median sale value and because the third neighborhood the place gross sales accelerated final 12 months. Long Beach was represented by the $1,724,000 Naples neighborhood at #41 and the Peninsula space at #47 with a median sale value of $1,625,000.
For extra data, discover Los Angeles County’s 50 most costly neighborhoods in 2022 within the interactive desk beneath:
Median sale costs had been calculated primarily based on closed residential property gross sales recorded between January 1 and December 1, 2021, and January 1 and December 31, 2022. Residential asset sorts included single household houses, condos and co-ops. Package deal offers had been excluded.
Median sale costs had been solely calculated for neighborhoods that recorded at the least 15 gross sales between January 1 and December 31, 2022. Likewise, year-over-year adjustments in median sale costs or the variety of gross sales had been solely calculated for neighborhoods that additionally recorded a minimal of 15 gross sales between January 1 and December 31, 2021. Median sale costs had been rounded to the closest $1,000.
Neighborhood-level median sale value had been calculated just for municipalities that recorded a minimal of 100 gross sales between January 1 and December 31, 2022. These included: Beverly Hills, Calabasas, Culver Metropolis, Glendale, Hawthorne, Inglewood, La Verne, Lakewood, Lancaster, Lawndale, Lengthy Seashore, Los Angeles, Malibu, Manhattan Seashore, Pasadena, Pomona, Redondo Seashore, Santa Clarita, Santa Monica and Torrance.