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Then and Now Trends for Highland Park, 90042

Let me emphasize how we need to look at these graphs and charts in terms of your own property: if you bought a house in Highland Park 2 years ago, just because the average price went down 44% doesn’t necessarily mean that your own house went down that much.

90042 2 Year Graph

 

90042 2-Year Table

90042 2-Year Table


 

Let me emphasize how we need to look at these graphs and charts in terms of your own property: if you bought a house in Highland Park 2 years ago, just because the average price went down 44% doesn’t necessarily mean that your own house went down that much. These Trendgraphix tables and charts are just that, trends. The most accurate sense we can take from this information is that in the last couple of years, prices took a steep downward trend because of the large number of properties that were sold as distressed sales. If you didn’t have a really good reason to sell your property in the last 2 years, you didn’t do it, so the averages and median prices are skewed downward where the bulk of the sales actually happened. Therefore, good houses that were not distressed sales tended to sell much higher than the general trends would lead you to believe, though still for less than they might have sold for at the peak.

The 9-year trend information shows that over time, real estate prices have tended to go up, evening out the longest run-up in prices we’ve seen with the worst economic downturn we’ve had since the Great Depression.

So if you are a buyer in today’s market, what do these numbers mean to you? If you are thinking about buying a home today, you are going to get a really good deal if you put it into the context of the past peak in prices and the potential of appreciation over time. It’s that simple.

 

90042 - 9-Year Graph

90042 - 9-Year Graph


 

 

90042 9-Year Table

90042 9-Year Table

Then and Now Numbers for Altadena, CA 91001
South Pasadena and San Marino, Then and Now

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