#los-angeles-real-estate

#los-angeles-real-estate

With the average apartment renting for $4,883, the Westside neighborhood's 90024 ZIP Code ranks third on RENTCafe's list of the 50 priciest ZIP Codes in the nation. Only two areas, both in lower Manhattan, cost more on average.

The roughly $44 million trade of the boutique hotel at 900 Hammond Street, near Sunset Boulevard, amounts to about $333,000 a room. That is nowhere near a record trade, but a sale is a sale in an area such as Los Angeles where hoteliers are defaulting on debt and facing forced sales and the real estate investment trust's latest strategy is selling hotels and repurchasing shares at discount.

Most are unable to look away from perusing said rankings even if they take issue with the methodology. With the Los Angeles County ranking for this year's top agents and teams now complete, the list may be as close to a reflection of the high end of the market one can get. That statement doesn't gloss over the common complaints heard each year from some in the industry, most notably that the list throws teams and solo agents into the same ring.

Some of the biggest mansions in and around Los Angeles haven't been fetching anywhere near their original listing prices, despite former ownership by some big-name celebrities. This month alone, homes once owned by Milwaukee Brewers minority owner Robert Beyer, singer Ricky Martin, and previously married Jennifer Lopez and Ben Affleck have sold or are asking for well under their listing price, Mansion Global reported.

In July 2025, the median home price in Los Angeles was about $1.06 million, down roughly 0.5% year-over-year, and homes stayed on the market for a median of 58 days, up from around 44 days last year.