High demand and low inventory are still driving resi prices up in LA

From TRD LA’s fall issue: Residential home prices continue their upward trajectory in Orange County, where a lack of inventory and comparatively low unemployment rates (3.3 percent in the county versus 4.8 percent statewide, according to an April Bureau of Labor Statistics report) are keeping the market sizzling — particularly in high-demand coastal areas like Corona del Mar and Newport Beach. There were seven O.C. transactions in excess of $20 million from January to August of […]

Source: Real Estate

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