According to a story in the Los Angeles Times, the Los Angeles zip code of 90012 is the second fastest growing zip code in the nation with a growth rate of 8.8%. What we’ve learned in the real estate business is that high growth in one area often translates to higher growth in neighboring communities, and this has certainly been true for housing in Westside.
Hot Westside Areas
That’s why several Westside communities have made the “Hottest Zip Code” list for the start of 2017. Hot areas include those that have more buyers than sellers, short median days on market for listed homes, purchase prices that match or beat listing prices, and year-over-year median sales price growth. These conditions are perfect for those wanting to sell their home or for those looking for a great investment property.
Currently hot zip codes in Westside include:
- Santa Monica (90402)
- Marina Del Rey (90292)
- Studio City (91602)
Up and Coming Westside Areas
In addition to the already “hot” markets, two Westside neighborhoods made the “up and coming” list. Communities that are “up and coming” show strong sales growth, an increase of trendy businesses moving into the area, and new construction. The areas included on this list include:
- Culver City (90232): Median home price of $607,300. In addition to an eclectic restaurant and art scene, Culver City has a high walkability rating and is close to the airport.
- Mar Vista (90066): Median home price of $747,900. This is a great location for families due to the excellent education choices from public to private to parochial and the low crime rate.
For more information about these or other markets in Westside, feel free to contact me. Whether you are buying, selling, or just thinking about the future, I’d love to provide information to help you achieve your goals.